Digital wealth management platform Arta Finance is now open to accredited investors in Singapore and to international investors prepared to manage their wealth in the Lion City.
The international launch comes after Arta’s debut in the US in October 2023, where it has since grown to manage hundreds of millions in assets for thousands of clients, according to a statement by the firm.
Meanwhile, Ralph Hamers, who was previously CEO of UBS and ING, has been hired as an external senior adviser.
Arta’s wealth platform offers private investments from exclusive fund managers, public market strategies, and structured products. Its “designed-in-Singapore” product has various additional features, including support for philanthropic giving in partnership with Co-Axis – a Temasek Trust initiative, a founding member community, and a “Singlish” setting in its AI Copilot.
Arta CEO Caesar Sengupta commented: “Arta is at the intersection of some powerful trends, including the personalisation and democratisation of wealth management, the huge growth and opportunity in private market investing, and the use of AI to create capabilities that have previously only been the preserve of the ultra-wealthy.”
Arta, which was founded by former Google executives, also launched its AI Copilot, purpose-built for wealth management and finance. The patent-pending technology should help investors analyse and monitor their portfolios.
Singapore Minister of State for Trade and Industry and Monetary Authority of Singapore board member, Alvin Tan was on hand to help launch Arta in the City State, alongside investors, fund managers, partners, and clients.
Arta’s AI systems are purpose-built for applications in wealth and finance and exploit the reasoning capabilities of the latest large language models, according to the company. Arta’s AI stack employs several models that work in conjunction with each other – including commercially available closed source models, fine-tuned open source LLMs and several custom-built AI/ML models created by Arta’s researchers.
These models have access to high-quality public and proprietary data including large financial and risk data sets for training and inference. Its AI stack, like the rest of Arta’s infrastructure, is highly privacy-preserving and uses encryption at rest and in transit for all user data.
Wealth-as-a-service launched
Concurrently, Arta said that Abu Dhabi’s Wio Invest would be the first financial institution to integrate the Arta “wealth-as-a-service” platform into its digital investment platform, to create a new wealth management offering for its clients in the Middle East, pending regulatory approval.
The platform for banks is a new B2B offering by Arta, and was supported by the venture building team of the Singapore Economic Development Board (EDB), which worked closely with Arta to incubate this offering during the early stages of the concept.
This cloud-based platform allows partner banks to serve their clients better and meet evolving demands with faster time-to-market for innovative wealth management products, services, and technology, according to Arta.
Banks can choose from integrating Arta AI Copilot capabilities, to embedding Arta’s investment solutions into their platforms, to fully white-labelling the Arta platform — enhancing their digital capabilities and unlocking growth in new wealth segments.
To help integrate a cloud and AI native wealth platform into legacy systems at partner banks, Arta is also announcing partnerships with Google Cloud and global management and technology consultancy Capco to provide solutions for banks looking to adopt Arta’s technology.
