finews.asia understands that Leonteq the Swiss technology and service provider for investment solutions, is considering providing its clients access to robo-advice technology in a turn-key solution. finews.asia learned that Leonteq held a closed door meeting with its strategic clients, buy-side firms, banks, insurance companies, and technology partners last week in Singapore to announce the initiative and provided an overview of its digital rollout for the offering. The event was closed to media. The Leonteq offering is rumoured to involve several of the industry’s largest robo-advice technology platforms, global custodians and data aggregators. Free to Its Clients Leonteq is said to be offering the technology for free to its clients. If accurate, this would mean that IFA, EAM, insurance companies, and private banks would have immediate access to leading turn-key robo-advice solutions. finews.asia tracked down Leonteq clients who attended the meeting and were able to contact and speak with Martin Young from External Asset Managers Farringdon who attended the closed door meeting. «Leonteq is a pioneer in Fintech so it comes as no surprise that they would be ahead of the curve. We would be excited to implement a robo-advice solution and look for Leonteq to help provide us with a fully integrated solution,» said Young. An Asian First In addition to offering digital advice technology to its clients, Leonteq is also said to be bundling this offering with data aggregation. This feature would allow advisors to aggregate customer data across multiple institutions for a complete holistic offering. «Robo-advice, coupled with data aggregation is the killer app for any advisory firm,» added Young. If this information is accurate, Leonteq would be the first firm in Asia to offer a complete digital wealth solution set to its IFA, EAM, private bank, and insurance clients. Innovation Lab finews.asia recently reported that Leonteq had opened a new state of the art innovation lab in its Asia Square Singapore office. The firms Singapore-based «Teqlabs» was opened in partnership with Singapore’s Economic Development Board (EDB). The innovation lab was established to foster its fintech research and development for the benefit of the local financial services sector. When finews.asia contacted Leonteq’s spokesperson for comment they would neither confirm or deny the news and made no comment.
Leonteq, the Swiss technology and service provider for investment solutions, is considering offering its clients a free, fully-integrated solution to access large robo-advice technology platforms, data aggregators and global custodians. Robo-advice along with data aggregation, is the "killer app" for advisory companies, according to one of its clients. Leonteq's turn-key robo-advice service will be the first in Asia, offering a complete digital wealth solution set to its IFA, EAM, private bank, and insurance clients.