Fintech PR
Robo-Revolution in the Kingdom: KSA Robo-Advisory Market Zooms Ahead at 48% CAGR, Fueled by Tech Adoption and Millennials’ Power: Ken Research
GURUGRAM, India, Feb. 26, 2024 /PRNewswire/ — The Kingdom of Saudi Arabia’s wealth management landscape is experiencing a transformative shift, fueled by the rise of robo-advisors and the growing tech-savvy population. Ken Research’s insightful report, KSA Robo-Advisory in Wealth Management Market: Investing in the Future, delves into this dynamic market, projecting a remarkable 48% CAGR over the next five years. This press release summarizes the key findings and offers valuable insights for investors, financial institutions, and stakeholders seeking to capitalize on this flourishing trend.
Market Overview:
Several key factors are propelling the KSA robo-advisory market towards an automated future:
- Millennial Power: The growing millennial population, comfortable with technology and seeking low-cost investment solutions, is driving the demand for robo-advisors.
- Tech Adoption: Increasing internet and smartphone penetration, coupled with government initiatives like Vision 2030, creates a fertile ground for digital investment platforms.
- Financial Inclusion: Robo-advisors offer low minimum investments and personalized advice, making wealth management accessible to a wider audience.
- Affordability and Transparency: Automated algorithms and lower fees compared to traditional advisors make robo-advisors an attractive option for cost-conscious investors.
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Segmentation Spotlight:
Ken Research provides a detailed segmentation of the market, allowing you to pinpoint your target audience effectively:
- By Investment Type: Equity, fixed income, and hybrid portfolios are the primary offerings, with niche segments like Sharia-compliant investing emerging.
- By Target Client: Retail investors dominate, but robo-advisors are also targeting high-net-worth individuals and institutional investors.
- By Technology: Algorithmic-based robo-advisors hold the largest share, but hybrid models combining human expertise and AI are gaining traction.
- By Distribution Channel: Direct-to-consumer platforms are popular, but partnerships with banks and wealth managers are becoming increasingly common.
Competitive Landscape:
The KSA robo-advisory market features a mix of established players and innovative newcomers:
- Global Giants: International players like Stash Away and Nutmeg are entering the market with their global expertise and advanced technologies.
- Regional Powerhouses: Homegrown players like Sarwa and AlRajhi Bank’s “Sadeem Invest” offer localized solutions and cater to specific market needs.
- Fintech Startups: Agile startups are disrupting the market with niche offerings, focusing on specific investment strategies or targeting millennial investors.
Recent Developments:
- Regulatory Sandbox: The Saudi Arabian Monetary Authority (SAMA) has established a regulatory sandbox to facilitate innovation and support the growth of new robo-advisor platforms.
- Open Banking Initiatives: Open banking APIs enable collaboration between robo-advisors and traditional institutions, offering a wider range of investment options and data-driven insights.
- Focus on Investor Education: Financial institutions and regulators are collaborating to educate investors about robo-advisors and promote responsible investment practices.
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Future Outlook:
The KSA robo-advisory market is poised for exciting developments in the coming years:
- Personalization and Customization: AI-powered platforms will offer hyper-personalized investment strategies and wealth management advice.
- Integration with Fintech: Robo-advisors will integrate with other fintech solutions like robo-retirement and budgeting tools, creating holistic financial management experiences.
- Focus on Sustainability: Environmentally and socially responsible investing (ESG) options will become increasingly available through robo-advisors.
- Expansion into Emerging Segments: Robo-advisors will target new segments like Islamic wealth management and micro-investing.
Challenges to Address:
Despite its promising future, the market faces some hurdles:
- Consumer Trust: Building trust in automated investment platforms and overcoming the “black box” perception remain crucial challenges.
- Cybersecurity Concerns: Robust cybersecurity measures are essential to protect sensitive financial data and ensure investor confidence.
- Regulatory Uncertainty: Navigating the evolving regulatory landscape can be challenging for new entrants.
Why This Report Matters:
This report empowers various stakeholders to navigate the KSA robo-advisory market:
- Investors: Identify the right robo-advisor platform based on their investment goals, risk tolerance, and financial literacy level.
- Financial institutions: Understand the competitive landscape, develop their own robo-advisory offerings, or partner with existing platforms.
- Fintech startups: Identify niche opportunities, develop innovative solutions, and navigate the regulatory environment effectively.
- Policymakers: Develop policies that foster innovation, promote investor protection, and ensure a level playing field in the market.
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Taxonomy
By Type
- Hybrid Robo Advisors
- Pure Robo Advisors
By Age-Group
- 19-28 years
- 29-38 years
- 39-45 years
- 45+ years
By Region
- Riyadh
- Makkah
- Eastern Region
- Others
By End User
- Retail Investor
- High Net Worth Individuals
For More Insights On Market Intelligence, Refer To The Link Below: –
KSA Robo Advisory in Wealth Management Market
Related Reports by Ken Research: –
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According to Ken Research estimates, the Brazil cards and payment market is forecasted to grow at a robust CAGR in the period of 2022P-2027F, owing to digitalization and the growth in the volume of high-net-worth individuals. There is marvelous potential, with almost two-thirds of adult consumers holding a debit card and Pix having proven a world beater in terms of mass market uptake.
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Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth
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DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, set out to make the community’s TOKEN2049 journey more rewarding. Gearing up for the most anticipated blockchain and Web3 event in the region, Bybit is thrilled to announce three bonus events to enable both attendees and remote fans to both be part of the experience.
The winning opportunities are open to both attendees of TOKEN2049 and followers from afar. Through trading and offline events, participants stand to get free tickets, a share of the $80,000 prize pool in airdrops and coupons, and Bybit merchandise.
Event 1: TOKEN2049 Treasure Express
From now to Sep. 26, 2024, Bybit users may register for the event and complete tasks by depositing and trading assets to earn lucky draw tickets. The wheel of fortune will turn to one of the three prizes:
1. A pair of tickets to TOKEN2049;
2. A share of the airdrop prize pool valued at $50,000 featuring the hottest tokens, including DOGS, PEPE, SOL, XRP, TON and USDT; or
3. Up to 50 USDT in spot coupons.
Even more rewards await in referrals and social media giveaways. For details, visit: TOKEN2049 Treasure Express
Event 2: Share and Unlock
From now to Sep. 30, 2024, unleash your social media magic for a chance to win a 10 USDT spot trading coupon. Share a Bybit blog link and your thoughts on Bybit and Web3. Remember to tag @Bybit_Official and use the hashtag #UnlockWeb3Future and submit the form with us here: #UnlockWeb3Future at TOKEN2049 with Bybit
Event 3: Meet us offline at TOKEN2049
Spot our logo at TOKEN2049 and capture a photo at the Bybit booth (M50) to win Bybit merchandise. Remember to share to your social media channels and use the right hashtag. For details, visit: #UnlockWeb3Future at TOKEN2049 with Bybit
An advocate for a sustainable Web3 ecosystem, Bybit will be featured prominently at TOKEN2049 on a series of keynote panels, thought leadership and community events, and booth M50.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce it’s among the first to be granted consent to a full authorization by the Astana Financial Service Authority (AFSA). This milestone brings Bybit closer to becoming a fully regulated Digital Asset Trading Facility (DATF).
As part of a rigorous process, Bybit Kazakhstan has passed a full AML check, business conduct audit, and detailed compliance inspections. This is part of Bybit’s focus on securing new user opportunities in Kazakhstan and the broader Commonwealth of Independent States (CIS) region.
“Kazakhstan has become a key player in the global crypto ecosystem, and we are thrilled to be expanding our services in such a dynamic market,” said Ben Zhou, co-founder and CEO of Bybit. “We are committed to bringing our cutting-edge technology, security, and transparency to crypto traders in Kazakhstan, ensuring they can access the best possible tools and services to thrive in this fast-growing industry.”
Once the full license is in place, Bybit Kazakhstan will offer various digital assets related products and services. The expansion into Kazakhstan aligns with Bybit’s mission to provide reliable and transparent services, catering to the unique needs of crypto traders and investors in the region.
This development follows Bybit’s receipt of its initial operating and custody licenses from AFSA in June 2023, reinforcing its commitment to local regulatory requirements. Bybit’s ongoing efforts to strengthen its presence in Kazakhstan underscore its belief in responsible growth and ensuring a compliant and secure trading environment.
Kazakhstan has quickly emerged as a hub for crypto innovation, and Bybit is proud to play a leading role in fostering this development. For example, Bybit hosted a “Foundations of Blockchain, Web3 and Crypto Exchange Activities” course for Banks of Kazakhstan in 2024. This event was part of Bybit’s drive to make blockchain education more accessible in the CIS region.
By securing this full authorization, Bybit is poised to enhance crypto adoption, provide institutional-grade security, and offer advanced trading features to its growing regional user base.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Fintech PR
Integrum ESG and CSRHub enable fund managers to monitor both long-term trends and short-term movements in ESG ratings for companies, across a 10-year time series
LONDON, Sept. 6, 2024 /PRNewswire/ — Integrum ESG, the leading alternative ESG data provider, has today announced the launch of their Consensus ESG Ratings module.
Just as investors monitor movements in consensus earnings estimates or credit ratings, investors now are aware of the demand for the ability to monitor long-term trends and short-term movements in consensus ESG ratings.
This new feature enables Integrum ESG’s asset manager clients to now see the consensus ESG score for any company, either as an absolute rating or a relative percentile ranking, across a 10-year time series.
These scores will indicate to any investor what the capital markets have ‘priced in’ for a company’s ESG performance, allowing users to quickly understand the market’s view on a company and easily conduct relative ESG analysis on the positions they hold within their Portfolio.
This regularly updated data is provided by CSRHub, the world’s leading provider of consensus ESG ratings. CSRHub has spent years aggregating and normalising a vast range of licensed sources – from large ESG ratings firms such as MSCI, ISS, S&P Global, and Sustainalytics to specialists such as CDP and Better World Companies.
Shai Hill, Founder and CEO of Integrum ESG, commented: “Many investors have told us they want a sense of ‘what is priced in’ in terms of a company’s ESG performance, so they can compare this to what anyone ESG ratings firm is saying. CSRHub is the only firm to have credibly achieved this, thanks to a model refined over years and a vast data lake – so we are delighted to be partnering with them.”
Bahar Gidwani, Co-Founder of CSRHub, added: “Investors need to fine tune their ESG-related investment strategies to improve their returns and better match the preferences of their clients. Combining CSRHub’s expert outside-in, consensus view of ESG with Integrum ESG’s detailed real-time data stream provides a strong solution for these needs.”
About Integrum ESG
Integrum ESG is the leading alternative ESG data and ratings platform for investors, blending human analysis and award-winning artificial intelligence models to capture, verify and display granular and relevant ESG data for analysis and assessment. Their Platform allows clients to dissect ESG scores, real-time sentiment, and more with a variety of unique-to-market features, empowering industry professionals and investors and giving them complete oversight of ESG risk across their portfolio.
For more information, visit www.integrumesg.com
About CSRHub
CSRHub offers the most comprehensive global set of Consensus ESG (Environmental, Social, and Governance) ratings, information, and tools. CSRHub’s business intelligence system measures the ESG business impact that drives corporate and investor sustainability decisions. Founded in 2007, CSRHub covers 56,545 public and private companies, and provides ESG performance scores on over 37,899 companies from 135 industries in 210 countries. Our Big Data platform uses algorithms to aggregate, normalize and weight ESG metrics from 957 sources to produce a strong consensus signal on corporate sustainability performance.
For more information, visit www.csrhub.com
Media Contact
Harish Karunalingam
Integrum ESG
[email protected]
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