Portuguese private bank Novobanco has launched a digital advice platform after partnering with tech firm Objectway Investment Advice.
The investment tool will help create personalised client reports based on risk optimised model portfolios and provides real-time monitoring against client mandates and implements algorithmic optimisation and rebalancing.
The platform will help service investors with a minimum investment of €10,000 (£8,357, $10,979).
Alexandra Tostões, head of advisory service at Novobanco, said: “The partnership with Objectway on our transformation programme has been extremely collaborative and productive.
“We’ll bring our plans further by pursuing together with Objectway more enhancements to our financial advisory experience, such as ESG regulations, multi-goal approach and direct advisory, to mention a few.”
Novobanco has 1.4 million customers, manages over €20bn of assets and has a network of over 300 advisers in the affluent and upper affluent segments.
