OCBC test-drives robo-advisory service

They were largely unheard of a few years ago, but robo-advisers are on the rise in the financial services industry, with OCBC Bank entering the fray. The lender on Saturday started a trial of an online platform that will use computers to offer portfolio management advice. The pilot is aimed at accredited investors - those with net personal assets of more than $2 million. It will eventually be open to all investors. Mr Aditya Gupta, OCBC's head of e-business for Singapore, said a fixed timeline for the pilot has yet to be determined.