Jyske Bank to launch robo-advisory service using Munnypot platform
UK robo-advisor Munnypot has secured its first white-label deal with Denmark’s Jyske Bank.
Jyske Munnypot will go live before the summer, providing regulated investment advice to help customers meet pre-defined goals.
Launched in January last year, Munnypot provides a WhatsApp style ‘chat-based’ user-interface that advises people on their savings and investment decisions. The service monitors the investment 24/7, notifying the customer and providing actionable advice if the investment performance deviates away from the goal.
CEO and co-founder of Munnypot, Andrew Fay, says: “We know, first hand, the time and resources required to build a robust online investment advice proposition and that for most firms, partnering is the best and most efficient route to developing an innovative, client-engaging service.”