New AI Advisor for Banks and Wealth Managers Launching at Money 20/20 Europe

Quantfolio, a Norwegian Fintech startup, who recently signed with Norway’s largest challenger bank, Skandiabanken, is launching globally on Money 20/20 in Copenhagen as part of being selected as 1 of only 12 startups to pitch at the conference.
The company offer a cloud based «AI turnkey component» which plugs into existing bank infrastructure and utilizes machine learning algorithms to select the best instruments based on fundamental and technical factors, automatically creates dynamic customer portfolios and uses a macro AI for providing tactical asset allocations for portfolios.
With Quantfolio, banks can transcend their offering from mutual funds or simple ETF portfolios, to offering automated, personalized portfolios with investment strategies normally reserved for quantitative hedge funds.
The first customer, Skandiabanken,  will launch their new Quantfolio powered offering in Q3/Q4 this year.

Author: Dylan Jones

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