Digital wealth platform targets banks, insurers in Asia

abrdn and FNZ’s platform has $90.9b assets under administration.

Investment company, abrdn, and FNZ are partnering to launch a multi-distributor, open architecture, digital wealth platform for Asia, starting with the Singapore market.

The platform will cater to various insurance companies, financial advisory firms, banks, virtual banks, and family offices in the Asia region.

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It will offer discretionary portfolio management and self-directed solutions through advisor and client portals, along with standardised wealth APIs.

abrdn and FNZ have had a successful partnership in the UK since 2005, with a platform for financial advisers that has grown to £75.2b ($90.9b) assets under administration (AUA).