HSBC Jumps on the Robo-Advisor Bandwagon

[kreslik.news]

HSBC, the international bank headquartered in London, has announced its own robo-advisor development. The automated algorithm is designed to give personalized advice and recommendations based on an individual client’s financial situation. The service, which is planned to be launched by the end of 2017, will make wealth management available to customers with smaller funds to invest.

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HSBC has been developing its robo-advisor service during the past year or so, and has tested it with anonymized information in the fintech sandbox of the Financial Conduct Authority (FCA). Though few details regarding the software ... (read more)