AGDelta Awarded Singapore/Israeli Innovation R&D Grant for Robo-Assisted Wealth Platform (RAWP)
SINGAPORE, Nov. 18, 2016 /PRNewswire/ -- AGDelta, the leading provider of Digital WealthTech/RegTech Solutions, announced today that the Singapore Israel Industrial R&D Foundation (SIIRD) has awarded a significant R&D Grant to a joint-venture between Singapore head-quartered AGDelta and Israeli based FinTech, BondIT.
The collaboration will leverage AGDelta's award winning Digital advisory, Compliance & Multi-Asset Order-Execution solutions and BondIT's excellence in asset allocation, portfolio optimisation engine, rich analytics and machine-learning algorithms to jointly provide a Robo-assisted wealth platform. The platform will support tailored customised portfolios based on preferences and market conditions to maximise investment returns while minimising risks. Unlike other Robo-advisory initiatives to date, this platform will combat the regulatory compliance and cyber-security challenges that the banks and regulated wealth managers have faced in launching similar platform offerings to clients.
Andrew Au, AGDelta's CEO, remarked, "We are tremendously appreciative to SIIRD for its support of innovation to the Financial Services industry. My team and I are very pleased to partner with BondIT in delivering a state-of-the-art Robo-assisted Digital Wealth platform that not only caters for the immense practical challenges private and retail banks face with regulation and security but also improving customer service levels."
Mr Chan Eng Chye, GM, SIIRD,added, "We are very pleased to support AGDelta and BondIT, as exemplary examples of Fintechs' in Singapore and Israel, to deliver innovative solutions to the wealth management industry. This is the first grant given by SIIRD to a Fintech related R&D project and is indicative of the importance they are having in the financial services eco-system."
This news comes at an exciting time of the year, just around the Hong Kong Fintech week (#hkfintech) and the Singapore FinTech Festival (#SGFintechFest).
The Singapore-Israel Industrial R&D Foundation (SIIRD) is a co-operation between the Singapore Economic Development Board (EDB) and the Israel Innovation Authority to promote, facilitate and support joint industrial R&D projects, between companies from Israel and Singapore, which would lead to successful commercialization. To date, SIIRD has co-funded 149 joint R&D projects between companies from Singapore and Israel. For more information on SIIRD, please visit www.siird.com
About AGDelta
AGDelta is a FinTech platform company servicing the entire wealth management supply chain. The company offers solutions that are designed to revolutionize the way wealth managers engage their clients, transact on products, and comply with regulations. AGDelta has helped clients identified new investment opportunities, de-risk their business, and control their compliance challenges in over 15 countries globally whilst helping their clients transact in excess of a trillion dollars in turnover. For more information, please visit www.agdelta.com.
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SOURCE AGDelta
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