WeInvest adopts InvestCloud Emerald to boost robo-advisory platform

WeInvest, Asia’s first robo-advisory platform-as-a-service (PaaS) provider, will use InvestCloud Emerald to support multi-asset based, multi-currency, goal-based and thematic investing. Robo-advisory services refer to intelligent, automated advisor software that can guide customers on how to invest. As they are software-based they can be offered more affordably and consistently than maintaining a human team to do the same.

InvestCloud Emerald can deliver portfolio valuations in real-time and on demand. It incorporates investment book of record (IBOR), accounting book of record (ABOR) and settlement book of record (SBOR) modules alongside individual financial apps.

In addition to its own direct-to-consumer robo-advisory portal, WeInvest also provides its solution to Asian banks, wealth managers and asset managers.  WeInvest has already rolled out its platform to an external asset manager and to OCBC, a regional bank in Singapore, and is in discussions to do the same in Malaysia, Hong Kong and Thailand.

Bhaskar Prabhakara, CEO at WeInvest, commented: “The WeInvest PaaS solution gives Asian wealth managers a rapid path to rolling out their own branded robo-advisory services. Uniquely, we can also support the full range of investment methodologies to allow each robo-advisor to reflect consumer preferences, as well as the strengths and ethos of the wealth manager. This flexibility means we can support multi-asset-class, multi-currency, goal-based and thematic investing.”

John Wise, founder and CEO of InvestCloud added: “This partnership highlights the capabilities of the InvestCloud digital platform and especially the flexibility of our robo stack solution. Whether a wealth manager wants to offer their own robo business or provide a hosted service to other wealth managers, InvestCloud can support them.”