SINGAPORE (Jan 4): Assets under management (AUM) of automated wealth management services, otherwise known as robo-advisors, are projected to rise by 2,500% to US$489 billion ($708.3 billion) globally by 2020, according to data provided by financial services research firm Cerulli Associates.

Miss Kaya, a Singapore-based financial platform targeting women in Asia, is the latest to enter the fray of local fintech players in the field of robo-advisory, joining the likes of BetaSmartz, Bambu, 8 Securities, Smartly and Mesitis.

(See also: Singapore start-up to launch robo adviser to tap tech-savvy rich)

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