Tapping AI to ‘hyper-customise’ portfolios

FUND and wealth managers may be relatively late adopters of technology, but tech firm Arabesque AI is determined to disrupt the status quo.

Its offering is packaged as “portfolio management as a service’’, akin to a software as a service (SaaS) solution, and is able to “hyper-customise’’ single-stock portfolios at scale.

For wealth managers, the platform enables them to offer discretionary portfolio management (DPM) services at a much lower initial investment of US$200,000 to US$250,000, instead of the typical ticket size of US$1 million.