Quarterback Investments, KB Kookmin Jointly Release Robo-Adviser Solution

Quarterback Investments, a South Korea-based financial technology start-up and an affiliate of fintech firm alliance Yellow Financial Group, announced on Sunday that in partnership with KB Kookmin Bank, Korea’s largest retail bank by asset value, it has rolled out a robo-adviser solution for trust goods, called the Quarterback R-1, The Korea Herald reported.

The start-up said that the robo-adviser solution enables investors to diversify their investment portfolio for stable returns by utilizing data from exchange-traded funds and exchange-traded notes in the domestic and global markets. It uses machine-learning technology and portfolio managers’ investment know-how to continuously factor in variables to better respond to external risks.

“The launch of the robo-adviser solution will help small investors to hedge their bets on diverse investment assets and funds at home and abroad with ease,” a Quarterback Investments official said.

Quarterback R-1 analyzes 920 trillion data sets in six asset categories across 77 global markets. The Korea Herald added that the base investment amount is 20 million won ($16,600) for the robo-adviser solution, which the company said targets mid-level risks and returns.