The launch of Robo 360 makes CNCBI the first bank in Hong Kong to offer a robo-investment advisory service to customers, Quantifeed said in a statement yesterday.
 
Robo 360 is available on CNCBI’s flagship mobile banking platform inMotion. The service allows customers access to eight to 20 portfolios with a minimum initial investment amount as low as $100.
 
The service recommends well-diversified portfolios investing in a variety of asset classes, an asset allocation portfolio and curated funds matching customers' financial goals and risk appetite. Customers can personalise financial goals such as "retirement" or "education", and invest in diversified portfolios of up to eight funds tailored to their goals. It monitors the customer’s progress and provides suitable suggestions should their projected performance fall short of the goal target.
 
Quantifeed has developed digital wealth and robo-advisory solutions for banks, brokers, insurers and wealth planners across Asia. These include DBS’s "digiPortfolio" platform in Singapore, Cathay United Bank’s "CathayRobo" service in Taiwan and Everbright Sun Hung Kai’s "EBSHK Direct AI-Portfolio Investing" system in Hong Kong. The firm has a strong footprint in the region, with offices in Hong Kong, Singapore and Sydney, and has recently expanded its services into Japan.