Arta Finance, a rapidly expanding digital wealth management platform has been launched worldwide.
Now, Arta’s platform is available to both foreign and accredited investors in Singapore who are interested in managing their wealth there. Singapore is a global hub for wealth management, with 1.6 million non-Singaporeans predicted to handle $4.8trn in assets by 2028.
Arta’s worldwide launch follows its effective debut in the United States in October 2023, where it evolved to handle hundreds of millions of dollars in assets for thousands of clients.
In contrast to many other financial institutions, Arta’s wealth platform provides a carefully curated transaction flow that comprises new structured products, private investments from select fund managers, and astute public market strategies – all without the sales pressure, opaque pricing, or manual processes.
A Founding Member community, a Temasek Trust effort, support for philanthropic giving in collaboration with Co-Axis, and an AI Copilot that speaks Singlish are just a few of the distinctive elements of Arta’s Singapore-designed product.
Additionally, Arta also launched the first AI Copilot designed specifically for wealth management and finance.
This patent-pending technology, which will be gradually rolled out to members, will enable them to make better investment decisions by allowing them to ideate, analyse, and monitor their portfolios using tools and insights that would normally require large teams of relationship managers, private bankers, and investment analysts.
Arta’s AI systems are designed for wealth and finance applications, utilising large language models and a combination of commercially available models, fine-tuned open source LLMs, and custom-built models.
These models access high-quality data, combining LLM fluency with time sensitivity, mathematical rigor, and explainability. Arta’s AI stack is privacy-preserving, using encryption for user data.
Alvin Tan, Singapore’s Minister of State for Trade and Industry, and MAS board member helped launch Arta in Singapore, establishing key functions in engineering, marketing, product, design, and operations.
Arta CEO Caesar Sengupta stated: “Arta is at the intersection of some powerful trends, including the personalisation and democratisation of wealth management, the huge growth and opportunity in private market investing, and the use of AI to create capabilities that have previously only been the preserve of the ultra-wealthy. We are now taking a major leap forward with our global launch and can’t wait to bring the Arta wealth platform and AI Copilot to the global community in the months and years ahead.”
Furthermore, Abu Dhabi’s Wio Invest will integrate Arta’s wealth-as-a-service platform into its digital investment platform, creating a new wealth management offering for clients in the Middle East. The platform, supported by the Singapore Economic Development Board, enables partner banks to serve clients better and meet evolving demands with faster time-to-market. Arta is partnering with Google Cloud and global management consultancy Capco to provide solutions for banks adopting Arta’s technology.
Amanda Ong, Singapore Country director and head of international expansion added: “Singapore is the natural home for Arta’s international business with its rising importance as Asia’s wealth hub. The launch of the B2B business is an extension of Arta’s mission, enabling us to partner with banks and financial institutions in a way that is wholly complementary to their current offering. We are proud to welcome Wio as our launch partner and look forward to growing together.”
“Arta Finance makes global debut in Singapore” was originally created and published by Private Banker International, a GlobalData owned brand.
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