Bambu launches new SaaS-based Robo-advisor with WealthKernel

By Gloria Methri

Singapore-based WealthTech Bambu has launched a new Software-as-a-Service (SaaS)-based Robo-advisor named Bambu Go in partnership with WealthKernel.

The new no-code, customisable technology will enable financial institutions such as IFAs, Wealth Managers, and Asset Managers in the UK to launch solutions tailored to their brand, portfolios, and investment objectives.

Bambu Go comes integrated with WealthKernel’s onboarding, Know Your Customer (KYC), account types, custody, and investing infrastructure.

The partnership will enable the clients of WealthTech companies to build a Robo-advisor customised to their branding and needs. Robo-advisors play a pivotal role in democratising wealth management and are beneficial for investors and financial institutions.

Solutions like Bambu GO help significantly cut build time and costs by automating routine investing tasks such as suitability, account opening, depositing, and choosing investments. With this new launch, businesses will be better positioned to serve clients and attract a digitally savvy customer base.

Karan Shanmugarajah, CEO of WealthKernel said, “The new partnership strengthens our commitment to empower financial institutions and provide the building blocks for a better, more innovative wealth management industry. With the help of Bambu, WealthKernel aims to harness the potential of Robo-advisors in revolutionising how businesses connect with their clients.”

Ned Philips, Founder & CEO of Bambu said, “Every financial advisor needs to serve their clients with Digital Wealth. Digital Wealth has always been complex. With Bambu and WealthKernel coming together, the challenges of understanding technology and finding a budget have been removed. This means it is now economical for the financial advisor to serve all sectors of the market, digitally.”