OCBC Launches Robo Investment Service with Minimum S$3500 Threshold

[kreslik.news]

Singapore’s second largest bank Oversea-Chinese Banking Corporation (OCBC) has officially applied the latest artificial intelligence-led technology to its wealth-management operations, as the lender is trying to gain an edge over rivals in the banking sector.

Through a partnership with local startup WeInvest, OCBC will run the newly launched robo-adviser service under its The Open Vault brand, the bank’s fintech and innovation unit.

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For retail investors, the investment threshold for the new service has been set at S$3500, which is a low amount compared to the product limits of traditional banking wealth ... (read more)