Robo advisers in the country can now conduct automated portfolio rebalancing, as interest grows among local and foreign firms in entering the business.
Developments in automated investing are expected to revolutionise elements of asset management, pushing more money into advanced robo funds.
The government-backed online distribution platform aims to partner fund and fintech houses on new services. Industry observers say easing of local rules will help the sector develop.
The firm is planning a robo-advisory platform, but has ruled out working with technology vendors because it feels their aims are overly short-termist.
Private banks are seeking to develop robo-adviser offerings or buy small rivals to tackle the potential threat from big telecoms or technology firms. This is the second article in a two-part series.
Automated advisers have been touted as disruptors of wealth management in Asia, but some feel the banks are too powerful to dislodge. This is the first of a two-part series on robo-advisers.