Singtel, UOBAM launch robo-advisory investment service

It is available on Singtel's Dash app.

Singtel and UOB Asset Management (UOBAM) will be offering personalised robo-advisory investment solutions to individual investors through Singtel’s Dash mobile wallet, a statement read.

This paves the way for Dash’s foray into wealth management and expands the app’s range of mobile financial services offerings. Its customers will be able to invest in a portfolio of exchange traded funds, managed funds and/or other asset classes within the app.

The robo-adviser is expected to launch by the first half of 2021.

Singtel and UOBAM will also explore opportunities to offer robo-advisory and other investment solutions through Singtel’s associates in the region, given the extensive presence of both companies in Asia.