Fintech: Wealth Management Service Available to the Masses
The Royal Bank of Scotland’s NatWest unit will on Monday begin offering a digital investment service to its five million online banking customers. The leap into ‘wealthtech’ for everyday customers will come through a robo-advice service for investments of as little as £500. Users of the service will be asked about their aims as well as their attitude to risk, which will then determine the advice they receive from the platform. NatWest claims to be the first bank in the UK to offer this automated online investment service.
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