Pivot Fintech Delivers AI-driven Investment System to a Leading Malaysian Financial Institution
31 March 2021, Singapore — Pivot Fintech, which operates SqSave under a Capital Markets Services licence in Singapore, delivered a fully integrated front-to-end digital asset management system to a leading Malaysian financial institution.
With the system verified and tested, the Malaysian financial institution has successfully obtained a Digital Investment Management (DIM) licence from Malaysia’s Securities Commission (SC). The DIM licence allows the offer of automated discretionary portfolio management or robo-advisory services to investors.
“We are indeed very pleased with this accomplishment. It has been challenging to complete the design and delivery to the exacting standards of a leading financial institution during the pandemic. Apart from satisfying the varied demands and standards of the different operating departments of the financial institution, Pivot had to deal with different operating parameters in Malaysia. We hope to bring our technology to other parts of Asia where we can help deliver Smart Investing for Anyone, Anywhere, Anytime”, said Victor Lye, Pivot’s Founder & CEO.
Pivot designed and launched SqSave, the only fully automated AI-driven robo-investing platform in Singapore, in late 2019. With no human intervention needed to manage the investments, the fully digital customer interface is user-friendly and features a gamification algorithm to assess the risk-reward psychometrics to automatically recommend an investment portfolio risk setting. Each SqSave account holder has full flexibility to set up as many investment portfolios as desired - called “goals”. Once the goal is funded, the SqSave AI algorithm takes over and invests the money 24/7 in a globally diversified portfolio of exchange traded funds (ETFs). “This SqSave experience helped secure the Malaysian technology contract,” said Mr Lye.
Pivot has transferred the day-to-day operations of the Malaysian system to the financial institution and will now refocus its tech effort on enhancing SqSave’s capabilities.
For media enquiries, please contact:
Victor Lye, Founder & CEO
+65 6631 8933
SqSave is the consumer brand of PIVOT Fintech Pte. Ltd. (www.pivotfintech.com) – a venture founded by Mr Victor Lye who has over 25 years’ leadership in investments, insurance and healthcare. SqSave uses machine learning AI to predict risks and returns based on the Markowitz Nobel Prize winning Modern Portfolio Theory. Featuring proprietary gamified algorithms developed by founder Victor Lye to make risk profiling fun and jargon-free, SqSave aspires to bring Smart Investing to Anyone, Anywhere, Anytime. Through SqSave, PIVOT Fintech hopes to find partners in the region to improve the lives of the un(der)served.