UOB Asset Management (UOBAM) and NTUC Income have announced their partnership on Dec 16 to bring easier accessibility to online investing for companies.
Through the collaboration, NTUC Income’s corporate customers can access UOBAM Invest via BIX, its corporate insurance self-serve platform.
UOBAM Invest is Singapore’s first digital advisory service for corporate investors.
UOBAM is also the first partner onboard BIX.
According to a joint statement by UOBAM and NTUC Income, the collaboration seeks to help businesses become more efficient in managing their investments and insurance needs online. This will give them more time to focus on other operational matters, it reads.
UOBAM says its UOBAM Invest has seen its digital investment services gaining traction in Singapore and other markets like Malaysia and Thailand.
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This, says the UOBAM, is due to the increased demand from corporate investors for solutions that enable them to self-serve and to manage their portfolios in real-time.
UOBAM Invest has seen a 250% increase in the number of corporate investors in Singapore since the onset of the Covid-19 pandemic.
“At UOBAM, we are constantly seeking new ways to democratise investing across different client segments, including to engage and to help corporate investors with their investment needs. Through our collaboration with NTUC Income, more companies can easily tap our investment expertise and funds offered through UOBAM Invest to increase their liquidity or to grow assets to meet their financial needs and goals,” says Thio Boon Kiat, CEO of UOBAM.
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“Going forward, we hope to work with more like-minded companies to increase the touchpoints that corporate investors can access our digital investment services and products in a simple and seamless manner,” adds Thio.
“Our customers today desire more control in handling their insurance matters, and want more convenient and efficient ways to do so. BIX is helping our corporate customers – particularly small- and medium-sized enterprises – simplify the processes and cut down the time taken to manage their business’ insurance needs. We have received a lot of positive feedback from customers on using BIX since we launched the platform earlier this year,” says Andrew Yeo, CEO of NTUC Income.
“We aim to grow BIX into a business solutions platform where, apart from fulfilling their business insurance needs, our corporate customers can also gain access to other financial and non-financial services that will bring value to their business, and we are proud to have UOBAM onboard as our first partner,” Yeo adds.
Photo: UOBAM and NTUC Income
