BME unveils AI-based roboadvisor service

On the 01/20/21 at 7:28AM

Spanish stock exchange operator Bolsas y Mercados Españoles (BME), part of Swiss group SIX, is set to launch a roboadvisor relying on artificial intelligence as from February, the company announced on Tuesday. 

The service, developed by BME's innovation lab, will enable financial institutions to optimise their investment recommendation process individually for each investor, based on the investor's preferences and knowledge and complying with each firm’s business regulations. The robo-advisor takes also risk aversion and recurrence of investors into account to generate 'optimal' customised portfolios.

This new service will be available next month from Diaphanum, which, through its subsidiary IronIA, participated in the proof of concept and will integrate the software into its current investment management platform. The solution is also incorporated into BME Inntech's range of wealth management services, through its subsidiary Openfinance.

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