Digital wealth management platform Arta Finance has announced its global launch alongside a significant partnership with Abu Dhabi-based fintech firm Wio Invest.
This collaboration represents a major step in Arta’s business-to-business expansion, as Wio Invest plans to integrate Arta’s wealth-as-a-service platform into its digital offerings for clients in the Middle East, pending regulatory approval.
Wio Invest is regulated by the Securities and Commodities Authority and backed by the Abu Dhabi Development Company (ADQ).
The partnership aims to enhance Wio Invest’s digital capabilities by incorporating Arta’s platform, which offers curated private investments from exclusive fund managers, intelligent public market strategies, and innovative structured products.
This move is expected to unlock growth in new wealth segments and meet evolving client demands in the region.
Arta Finance is now open to accredited investors in Singapore and international investors interested in managing their wealth in the city-state, a global wealth hub projected to handle $4.8 trillion in assets from 1.6 million offshore investors by 2028.
This international launch follows the company’s successful debut in the United States in October 2023.
The company has introduced a wealth-as-a-service platform for banks and financial institutions, developed with support from the Singapore Economic Development Board’s venture building team.
This cloud-based platform allows partner banks to integrate Arta’s AI Copilot capabilities, embed its investment solutions, or fully white-label the Arta platform to enhance their digital services.
To assist banks in integrating this technology into legacy systems, Arta has formed partnerships with Google Cloud and consultancy firm Capco.
These collaborations aim to provide solutions for financial institutions looking to adopt Arta’s AI-native wealth management technology.
Arta has also launched an AI Copilot designed specifically for wealth management and finance.
This technology empowers members to make more informed investment decisions by providing tools and insights typically requiring large teams of financial professionals.
The AI system employs multiple models, including proprietary and open-source large language models, to deliver accurate and explainable investment analysis while preserving user privacy through encryption.
The company has established key operations in Singapore, including engineering, marketing, product development, and design, with several global leaders, including the CEO, based there.
Singapore’s Minister of State for Trade and Industry, Alvin Tan, participated in the launch event alongside investors, fund managers, partners, and clients.
Arta Finance has appointed Ralph Hamers, former CEO of UBS and ING, as an external senior advisor to provide strategic guidance during its international expansion.
Hamers joins a group of over 140 technology and finance leaders who are early investors in Arta, including former Google CEO Eric Schmidt and Mastercard CEO Michael Miebach.