- MAS-licensed Arta Finance launches in Singapore and internationally
- Arta announces partnerships with Wio Invest for its Wealth-as-a-service offering for banks and financial institutions globally
- Arta unveils Arta AI Copilot – a number of AI-enhanced experiences on its wealth platform
- Arta welcomes Ralph Hamers as external advisor
SINGAPORE, Oct. 11, 2024 /PRNewswire/ — Fast-growing digital wealth management platform Arta Finance today launched globally. Arta’s platform is now open to accredited investors in Singapore and to international investors open to managing their wealth in Singapore – a global wealth hub where an expected 1.6 million offshore investors are expected to manage $4.8 trillion in assets by 2028. The international launch follows Arta’s successful debut in the US in October 2023.
Arta today also took a major step on its B2B journey with the announcement that Abu Dhabi’s Wio Invest would be the first of many to integrate the Arta wealth-as-a-service platform into their digital platform, to create a new wealth management offering for its clients in the Middle East, pending regulatory approval. Wio Invest, a forward-thinking Middle Eastern fintech, is regulated by the Securities and Commodities Authority (SCA) and backed by Abu Dhabi Development Company (ADQ), a prominent institution.
Arta’s wealth platform offers a curated deal flow that includes private investments from exclusive fund managers, intelligent public market strategies, and innovative structured products, without the sales pressure, opaque pricing and manual processes found in many other financial institutions.
Commenting on the international launch, Arta CEO Caesar Sengupta said: “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 international launch and can’t wait to bring the Arta wealth platform and AI Copilot to the global community in the months and years ahead.”
The ‘wealth-as-a-service’ platform for banks and financial institutions is a new B2B offering by Arta. It was done with support from the venture building team of the Singapore Economic Development Board (EDB), which worked closely with Arta to incubate this offering during the early stages of the concept. This cloud-based platform empowers partner banks to serve their clients better and meet evolving demands with faster time-to-market for innovative wealth management products, services, and technology. Banks can choose from integrating Arta AI Copilot capabilities, to embedding Arta’s investment solutions into their platforms, to fully white-labelling the Arta platform — enhancing their digital capabilities and unlocking growth in new wealth segments.
To help integrate a cloud and AI-native wealth platform into legacy systems at partner banks, Arta is also announcing partnerships with leading cloud provider Google Cloud and global management and technology consultancy Capco to provide solutions for banks looking to adopt Arta’s technology.
Amanda Ong, Head of International Expansion commented: “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.”
AI drives leap in wealth tech
Arta also launched the first-of-its-kind AI Copilot, purpose-built for wealth management and finance. This patent-pending technology empowers Arta’s members to make smarter investment decisions – ideate, analyse, and monitor their portfolios with the tools and insights that usually require large teams of relationship managers, private bankers, and investment analysts.
Unlike commonly available AI chatbots or apps, Arta’s AI systems are purpose-built for applications in wealth and finance and exploit the reasoning capabilities of the latest large language models. Arta’s AI stack employs several models that work in conjunction with each other – including commercially available closed source models, fine-tuned open source LLMs and several custom built AI/ML models created by Arta’s researchers. These models have access to high-quality public and proprietary data including large financial and risk data sets for training and inference. This enables Arta to combine the fluency of LLMs with the time sensitivity, hard mathematical rigour and explainability necessary for investment and financial applications. Its AI stack, like the rest of Arta’s infrastructure, is highly privacy-preserving and uses encryption at rest and in transit for all user data.
Singapore Minister of State for Trade and Industry and MAS board member, Alvin Tan was on hand to help launch Arta in the City State, alongside investors, fund managers, partners, and clients. The company has established key functions in Singapore including engineering, marketing, product, design and operations and a number of its global leads including its CEO are based in Singapore.
Arta welcomes Ralph Hamers as external advisor
Arta also today welcomes Ralph Hamers as an external senior advisor, providing strategic guidance as the company grows internationally. Ralph Hamers is an advisor to established and new players in the global financial sector. He developed a special knowledge in digitalisation of processes and client offerings. Hamers previously was CEO with UBS and ING
Commenting on his role as senior advisor to Arta, Mr Hamers said:
“A central focus of my leadership has been to take legacy businesses and digitalise, integrating front-to-back technology to drive efficiencies and make the lives of clients and colleagues easier. This often needs major and multi-year transformations in well-established organisations. With Arta, I see the enormous opportunity of having incredibly smart people from the worlds of technology and finance coming together to build a platform that is more than ready to take its place amongst the world’s leading wealth managers.”
Mr. Hamers becomes part of a distinguished group of early investors in Arta, which includes more than 140 technology and finance leaders, such as ex-Google CEO Eric Schmidt and Mastercard CEO Michael Miebach.
The Arta wealth platform is now available globally to all accredited investors on desktop and mobile. Early members will get their first investment up to $100K managed free for life by Arta (terms and conditions apply). To learn more about Arta, please visit artafinance.com.
Important Disclosures
Arta Wealth Management Pte. Ltd. (“Arta Finance”) is licensed by the Monetary Authority of Singapore (“MAS”) whose products and services are only available to Accredited Investors.
Investing in securities involves risk, and there is always the potential of losing money. Certain investments are not suitable for all investors. The content provided herein is for informational purposes only and is not investment or financial advice, tax or legal advice, an offer, solicitation of an offer, or advice to buy or sell or hold securities or investment products. This material has not been reviewed by the Monetary Authority of Singapore. For additional disclosures related to Arta Finance, please visit https://artafinance.com/sg/disclosures.
About Arta Finance:
Founded by ex-Google executives, Arta Finance is a digital wealth platform for the savvy that enables more people to access the “financial superpowers” of the ultra-wealthy. The platform provides access to private market investments from elite fund managers, intelligent public market strategies and structured products, and sophisticated financial services such as insurance and estate planning. Headquartered in the US and Singapore, Arta serves its members directly as well as empowering partner financial institutions to expand wealth management to new clients. Arta is backed by Peak XV, Ribbit Capital, Coatue, EDBI, and over 140 luminaries in tech and finance.
Learn more at artafinance.com
Logo – https://mma.prnewswire.com/media/2216796/Arta_Finance_Logo.jpg
Global integrated banking platform, Arta Finance, has announced a monumental partnership with Abu Dhabi’s Wio Invest to launch ‘Wealth-as-a-Service’ for banks worldwide. Along with this announcement, Arta Finance revealed Arta AI Copilot, its innovative digital wealth assistant, designed to revolutionise how people handle their finances.
This strategic partnership promises an innovative and future-focused solution for financial institutions worldwide, integrating wealth management with smart AI-powered technologies.
Arta Finance is a leading fintech firm offering revolutionary solutions for banks and financial institutions. Its latest offering aims to simplify and redefine the wealth management processes adopted globally by banking institutions. Abu Dhabi’s Wio Invest, an asset management firm with a strong track record in wealth management, brings its significant experience and expertise to this exciting new collaboration.
The partnership will give birth to a groundbreaking Wealth-as-a-Service platform, providing solutions to banks and financial institutions across the globe. This platform will offer end-to-end wealth planning and investment strategies, through streamlined implementation strategies, optimized operations, and enhanced customer experiences.
This collaboration brings together Arta Finance’s digital banking capabilities and Wio Invest’s strategic asset management experience. Together, they intend to support banks in their journey to digital transformation by providing them with competitively priced, comprehensive solutions.
At the heart of this new service is the newly-unveiled Arta AI Copilot, an AI-driven digital wealth assistant. It is designed to provide efficient and more personalized wealth management services. The Arta AI Copilot utilizes deep learning and artificial intelligence technologies to analyze individual customer profiles, risk appetite, investment preferences, and financial goals to deliver tailored wealth management strategies.
Arta Finance is optimistic that the AI Copilot will redefine how customers handle their wealth and will significantly enhance customer experiences in wealth management by providing a convenient, efficient, and personalized solution.
Commenting on the strategic collaboration, the CEO of Arta Finance, stated, “This partnership reaffirms our commitment to using advanced technologies like AI to provide strong, dependable financial solutions. We’re confident that the new Wealth-as-a-Service platform, backed by AI and powered through this strategic partnership, will transform the banking experience for customers globally.”
Meanwhile, the CEO of Wio Invest noted, “At Wio, we focus on maintaining our position at the forefront of the evolving asset management industry. Partnering with Arta Finance allows us to leverage their cutting-edge technology to deliver innovative and comprehensive wealth management solutions.”
In an environment where digital banking is rapidly evolving, this partnership is poised to disrupt the conventional banking system and deliver innovative value to customers across the globe. The successful integration of advanced AI with traditional wealth management services speaks volumes about the future of banking, which promises to offer far more personalized, efficient, and user-friendly experiences. As forward-thinking companies in the financial ecosystem, Arta Finance and Wio Invest surely seem to be setting the standard in what is an ever-evolving space.
Write a detailed vegetarian meal plan for a week. This plan includes breakfast, lunch, dinner, and two snack options for each day of the week.
Day 1:
• Breakfast: Overnight oats with almond milk, chia seeds, and mixed fruits
• Snack: A handful of almonds and an apple
• Lunch: Quinoa salad with tomatoes, cucumbers, olives, and feta cheese
• Snack: Whole grain toast with avocado & cherry tomatoes
• Dinner: Vegetable stir-fry with tofu served over brown rice
Day 2:
• Breakfast: Granola with Greek yogurt and fresh berries
• Snack: A banana and a handful of walnuts
• Lunch: Creamy butternut squash soup with a side of whole-grain bread
• Snack: Carrot sticks with hummus
• Dinner: Baked stuffed bell peppers with quinoa and black beans
Day 3:
• Breakfast: Toast with peanut butter and banana slices
• Snack: Sliced cucumber with tzatziki dip
• Lunch: Chickpea and vegetable curry with basmati rice
• Snack: A handful of trail mix (nuts, seeds, dried fruits)
• Dinner: Zucchini lasagna with a side salad
Day 4:
• Breakfast: Berry smoothie with spinach and flaxseeds
• Snack: Baby carrots and cherry tomatoes with hummus
• Lunch: Grilled vegetable sandwich with avocado and goat cheese
• Snack: Greek yogurt with honey and walnuts
• Dinner: Lentil soup with a side of crusty whole-grain bread
Day 5:
• Breakfast: Chia pudding with mixed berries and honey
• Snack: An orange and a handful of pumpkin seeds
• Lunch: Vegetable stir-fry with tofu served over brown rice
• Snack: Celery sticks with almond butter
• Dinner: Baked sweet potato with steamed broccoli and a dollop of Greek yogurt
Day 6:
• Breakfast: Scrambled eggs with spinach, tomatoes, and feta cheese
• Snack: A small cup of mixed fresh fruits
• Lunch: Veggie burger with a side of sweet potato fries
• Snack: A handful of almonds and dried apricots
• Dinner: Quinoa-stuffed tomatoes with a side salad
Day 7:
• Breakfast: Banana and almond milk smoothie, with a sprinkle of chia seeds.
• Snack: Baby carrots with cottage cheese
• Lunch: Lentil salad with mixed vegetables and goat cheese
• Snack: Rice cakes with peanut butter
• Dinner: Vegetable pasta with a side of garlic bread
This diverse vegetarian meal plan, packed with fresh fruits, vegetables, legume, seeds, and whole grain, ensures that your nutritional needs are well catered to, while also being deliciously satisfying.,
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Arta Finance partners with Abu Dhabi’s Wio Invest to launch Wealth-as-a-Service for banks globally, unveils Arta AI Copilot
