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 taiger raise fund


Taiger raises funds for global expansion

#artificialintelligence

Vancouver-based Responsive Capital Management is looking for Asian financial institutions interested in adapting its artificial intelligence to the back end of wealth management. Although Responsive markets itself in public as an AI-driven tool for investing, its business model to date has relied on leasing its technology to other wealth managers to improve their operations. This raises the question of a robo-advisor's true value. Is it the investment decisions, or the user interface and automation of back-office operations? "We want to help wealth managers compete through a better client experience and outcomes," said Davyde Wachell, the company's CEO.

  Country: Asia (0.13)
  Industry: Banking & Finance (1.00)