Market Overview

DriveWealth and Bambu Launch Robo Platform for Registered Investment Advisors

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DriveWealth Holdings, Inc. ("DriveWealth"), a fintech company providing
brokers, digital advisors and mobile online financial services companies
seamless access to the U.S. securities market, and Bambu, a global
provider of robo-advisory technology, today announced the launch of a
white-label, end-to-end robo-advisory platform solution for the wealth
management industry.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180807005088/en/

DriveWealth/Bambu's App interface – Financial goals and portfolio recommendations (Photo: Business W ...

DriveWealth/Bambu's App interface – Financial goals and portfolio recommendations (Photo: Business Wire)

DriveWealth's suite of APIs, which include the onboarding, ordering,
funding, and reporting of U.S. stock markets, natively integrates onto
any mobile platform, and its cloud-based infrastructure offers powerful
scaling and pricing efficiencies. Bambu's white-label, robo-advisor
software automates the process of financial planning, saving and
investing for consumers. Combining the capabilities of DriveWealth's
real-time, fractional share technology with Bambu's responsive HTML
front-end interface for smartphones, tablets, and desktops creates a
user- and developer-friendly end-to-end platform solution.

Notable features of the platform include:

  • An advisor dashboard that provides a one-page overview of all client
    activities, actionable client alerts, and tracking of invested capital
    and cash balances.
  • A CIO dashboard that provides portfolio-building capabilities by
    assisting in the simulation, creation, and rebalancing of portfolios.
  • An application for clients that offers them the ability to manually
    adjust investment goals, access live investments, and perform analyses
    of investments.

Robert Cortright, CEO of DriveWealth, said: "We are excited to join
forces with Bambu, an innovator in goal-based planning and artificial
intelligence, to launch a streamlined product for wealth managers
seeking to offer a unique, easy-to-use investing platform directly to
their retail customers. We look forward to a long-term partnership to
advance the development of financial ecosystems globally."

Ned Phillips, CEO of Bambu, added: "We are thrilled to partner with
DriveWealth, whose expertise in brokerage services, combined with our
experience developing tailored robo-advisory solutions, has resulted in
a platform that we believe will transform the digital wealth space. We
are confident that this end-to-end service for financial institutions in
the U.S. will be a game changer in simplifying investing."

About Bambu

Bambu is a leading global provider of robo-advisory technology for
businesses of every size and industry, from finance to commercial or
even new disruptors, transforming the digital wealth space. Bambu
enables companies to make saving and investing more straightforward and
intelligent for their clients. The smart advisory solution is powered by
our proprietary algorithms and machine learning tools. Founded in 2016
by industry experts Ned Phillips and Aki Ranin, Bambu is situated in
Singapore with subsidiaries in Hong Kong, Malaysia and the United
Kingdom, as well as representatives in Africa, Europe and America.

About DriveWealth

DriveWealth Holdings, Inc., wholly owns DriveWealth, LLC, a member of
FINRA and SIPC. DriveWealth, LLC is a licensed carrying and
self-clearing broker offering digital brokerage solutions to
broker-dealers, advisors and online partners worldwide through its
proprietary investment platform. DriveWealth, LLC delivers access to the
U.S. securities markets along with an array of digital products that
power both emerging and established financial companies. For more
information please visit https://drivewealth.com/.

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