WeLab Bank becomes the first virtual bank in Asia to launch a digital wealth advisory service

WeLab Bank becomes the first virtual bank in Asia to launch a digital wealth advisory service
The Singapore-based digital wealth management firm is using technology to attract investors in the region.
Online wealth management platforms have made investment easier for individuals, with positive initiatives such as personalisation to come, according to Hong Kong’s chief fintech regulator.
Only 27% of wealthy in Apac prefer to use traditional banks to manage investments.
Abrdn’s roll-out of a “24/7 digital wealth management” app brings it up to speed with the rest of the industry.
Tech start-up Endowus has attracted cash from the Swiss bank, Samsung and Singtel to fund expansion.
The Singapore bank adds a simple tool to its online banking app.
Standard Chartered and Franklin Templeton have joined forces to launch the digital service in Singapore.
Stashaway has hired wealth managers to service the high-net-worth segment in the territory.
The Hong Kong-based digital wealth management services firm is providing the tech for a discretionary portfolio management platform in Thailand.
Part of the Mark Allen Group.