NEWS
High-net-worth investors are embracing tech to grow their wealth : Moomoo Singapore survey
High-net-worth investors are now demanding more integrated wealth management solutions , according to data from a survey of more than 800 Moomoo users in Singapore and that of its sister brand Futubull in Hong Kong .
These individuals , who have investable assets of at least S $ 1 million , are increasingly embracing technology to preserve and grow their wealth .
The survey , which was conducted jointly with Professor Ben Charoenwong of INSEAD and Professor Alan Kwan of the University of Hong Kong , focused on the role of wealthtech , or financial technology tailored to the wealth management sector .
Nearly 7 in 10 investors across all wealth classifications are at least moderately comfortable with using technology to manage finances , the survey found . Yet , contrary to conventional wisdom , wealthier clients , rather than those with lower wealth levels , are more receptive to automated solutions .
Amid this shifting landscape , financial services firms have to adopt embedded digital services to meet the needs of their clients , particularly when it comes to emerging high-net-worth individuals within the millennial population .
The survey also revealed the top three key digital features desired by wealthy clients in Singapore and Hong Kong :
• Holistic portfolio tracking and performance analysis tools
• Integration with existing financial accounts and platforms
• Automated personalised investment advice
“ The role of the wealth manager will continue to evolve as technology plays an increasingly
bigger role in the industry ,” said Ryan Wu , Head of Private Wealth & Institutional Business , Moomoo Singapore .
RockItCoin expands Bitcoin access in Australia with new Bitcoin ATMs and Mobile App
Leading cryptocurrency company RockItCoin is improving Bitcoin accessibility in Australia with an expanded network of Bitcoin ATMs and the newly available RockItCoin mobile app .
RockItCoin Bitcoin ATMs are now available across New South Wales , Victoria , Queensland and South Australia , making it easy for Australians to buy Bitcoin with cash .
The RocketItCoin mobile app brings even more convenience to the Australian market , enabling users to locate nearby Bitcoin ATMs , buy crypto directly from home with credit / debit cards and securely manage their digital assets in one place .
Michael Dalesandro , CEO , RockItCoin , said : “ We ’ re excited to strengthen our presence by expanding our ATM network to three new states and bringing the RockItCoin app to Australia . Our mission has always been to make crypto accessible , safe , and simple for everyone , and now Australians have multiple ways to take part in the exciting world of cryptocurrency .”
RockItCoin pitches a secure and reliable platform for purchasing digital currencies , with over 2,500 Bitcoin ATMs across 48 states , Puerto Rico and Australia
Founded by Dalesandro in 2015 and headquartered in Chicago , Illinois , RockItCoin ranked # 1,687 on the 2023 Inc . 5000 list of the fastest-growing private companies .
In 2023 , RockItCoin expanded its services with the launch of RockItCoin Go enabling app users to fund their Bitcoin wallets at more than 16,000 retail locations .
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