Asian robo-advisory platform-as-a-service provider, WeInvest, announced on Tuesday it has teamed up with global fintech platform InvestCloud to enable its robo-advisory solution, which supports multi-asset based, multi-currency, goal-based, and thematic investing. Speaking about the partnership, Bhaskar Prabhakara, CEO at WeInvest, stated:
“The WeInvest PaaS solution gives Asian wealth managers a rapid path to rolling out their own branded Robo-Advisory services. Uniquely, we can also support the full range of investment methodologies to allow each Robo-Advisor to reflect consumer preferences, as well as the strengths and ethos of the wealth manager. This flexibility means we can support multi-asset-class, multi-currency, goal-based and thematic investing.”
John Wise, founder and CEO of InvestCloud, also commented:
“This partnership highlights the capabilities of the InvestCloud digital platform and especially the flexibility of our Robo stack solution. Whether a wealth manager wants to offer their own Robo business or provide a hosted service to other wealth managers, InvestCloud can support them.”
The WeInvest platform notably offers a service that provides customized web and mobile user journeys coupled with a back-end platform, top-notch investment strategies from leading investment houses, execution and custody with the world’s largest custodian, layered with in-house operational support. InvestCloud Emerald is designed to meet the toughest requirements of Robo-Advisors, being able to scale massively to onboard large volumes of consumers and deliver portfolio valuations in real-time and on demand. It incorporates Investment Book of Record (IBOR).