China's PINTEC launches Singapore robo advisor backed by insurer FWD

China’s PINTEC launches Singapore robo advisor backed by insurer FWD

HONG KONG (Reuters) – Financial technology company PINTEC Group said on Thursday it launched a venture in Singapore, its first outside China, betting on booming demand for automated investment advice in fast-growing Southeast Asian countries. FILE PHOTO: A woman sits in the reception area of PINTEC Group in Beijing, China, August 11, 2016. REUTERS/Thomas Peter/File Photo Asian insurer FWD Group, controlled by Hong Kong tycoon Richard Li, will partly own the business, called PIVOT Fintech Pte Ltd, with unnamed angel investors, PINTEC said in a statement without disclosing further details. PINTEC, whose Chinese businesses include an online insurance broker, […]