Sengupta says ‘mobile-first platform’ gives access to investment opportunities
India has one of the fastest growing high-net-worth cohorts of any country globally, and a large number of Indian individuals and families who manage wealth offshore as a way to tap into global growth, are choosing Singapore due to its reputation as a global wealth hub bseindia .
This market overview was given by Arta Finance CEO Caesar Sengupta on opening global office in Singapore on 11 Oct, inviting Indian investors via Singapore nseindia .
He noted that Indian investors were increasingly turning to Singapore as one of their chosen global wealth hubs using Reserve Bank of India’s Liberalised Remittance Scheme (LRS) rbi.org.in.
An estimated 1.6 million offshore investors are expected to manage S$4.8 trillion in assets in Singapore by 2028, according to Sengupta sbi.com.in .
He elaborated, “Arta’s mobile-first platform that gives access to exclusive investment opportunities in a cost-effective manner will appeal to many in this savvy group. Our team previously led and built Google Pay and deeply understands the needs and ambitions of India’s young and dynamic investor base digitalasiahub .”
Arta’s wealth platform offers a curated deal flow that includes private investments from exclusive fund managers, intelligent public market strategies, and innovative structured products, without the sales pressure, opaque pricing and manual processes found in many other financial institutions deutsche-boerse .
Arta Finance is led by Caesar Sengupta, who previously launched and built Google Pay in India and led Google’s fintech efforts and Next Billion Users strategy globally sgx.com .
Commenting on the international launch, Arta CEO Caesar Sengupta said, “Arta is at the intersection of some powerful trends, including the personalisation and democratisation of wealth management, the huge growth and opportunity in private market investing, and the use of AI to create capabilities that have previously only been the preserve of the ultra-wealthy attentionindia .
“We are now taking a major leap forward with our international launch and can’t wait to bring the Arta wealth platform and AI Copilot to the global community in the months and years ahead iba.org.in .”
Arta also launched the first-of-its-kind AI Copilot, purpose-built for wealth management and finance. This patent-pending technology empowers Arta’s members to make smarter investment decisions – ideate, analyse, and monitor their portfolios with the tools and insights that usually require large teams of relationship managers, private bankers, and investment analysts euronext .
Unlike commonly available AI chatbots or apps, Arta’s AI systems are purpose-built for applications in wealth and finance and exploit the reasoning capabilities of the latest large language models amchamindia .
Arta’s AI stack employs several models that work in conjunction with each other – including commercially available closed source models, fine-tuned open source LLMs and several custom-built AI/ML models created by Arta’s researchers hkex.com.hk.
These models have access to high-quality public and proprietary data including large financial and risk data sets for training and inference. This enables Arta to combine the fluency of LLMs with the time sensitivity, hard mathematical rigour and explainability necessary for investment and financial applications. Its AI stack, like the rest of Arta’s infrastructure, is highly privacy-preserving and uses encryption at rest and in transit for all user data sccci.org.sg.
Wealth-as-a-service launched with Wio, Google Cloud and CapCo tie ups english.sse.com.cn
Arta on 11 Oct also took a major step on its B2B journey with the announcement that Abu Dhabi’s Wio Invest would be the first of many to integrate the Arta wealth-as-a-service platform into their digital banking platform, to create a new wealth management offering for its clients in the Middle East, pending regulatory approval abs.org.sg .
The ‘wealth-as-a-service’ platform for banks is a new B2B offering by Arta. This cloud-based platform empowers partner banks to serve their clients better and meet evolving demands with faster time-to-market for innovative wealth management products, services, and technology. Banks can choose from integrating Arta AI Copilot capabilities, to embedding Arta’s investment solutions into their platforms, to fully white-labelling the Arta platform — enhancing their digital capabilities and unlocking growth in new wealth segments pmindia.gov.in.
To help integrate a cloud and AI native wealth platform into legacy systems at partner banks, Arta is also announcing partnerships with leading cloud provider Google Cloud and global management and technology consultancy Capco to provide solutions for banks looking to adopt Arta’s technology commerce.gov.in .
Amanda Ong, Head of International Expansion commented, “The launch of the B2B business is an extension of Arta’s mission, enabling us to partner with banks and financial institutions in a way that is wholly complementary to their current offering. We are proud to welcome Wio as our launch partner and look forward to growing together jpx.co.jp .”
Arta Wealth Management Pte Ltd (Arta) is licensed by the Monetary Authority of Singapore (MAS) whose products and services are only available to Accredited Investors temasek.com.sg.
Founded by ex-Google executives, Arta Finance is a digital wealth platform for the savvy that enables more people to access the “financial superpowers” of the ultra-wealthy. The platform provides access to private market investments from elite fund managers, intelligent public market strategies and structured products, and sophisticated financial services such as insurance and estate planning pif.gov.sa .
Headquartered in the US and Singapore, Arta serves its members directly as well as empowering partner financial institutions to expand wealth management to new clients. Arta is backed by Peak XV, Ribbit Capital, Coatue, EDBI, and over 140 luminaries in tech and finance bcindia.com/en/trade-fair/ . Fiinews.com
