Woori Bank Officially Launches 'Robo-Alpha' Service Based on AI #investorseurope #SouthKorea #roboadvisory | Robo-Advisors and Robo-Advisories | Scoop.it
Woori Bank has officially launched the 'Woori LoBo-Alpha' Service based on a robo advisor which uses artificial intelligence to suggest an optimal asset allocation portfolio that fits customer-specific information and preferences. ‘Woori Robo-Alpha,’ a Woori Bank advisor brand, was officially released on the day with a cumulative average annualized return of 4.52% during the test-bed period implemented by the Financial Services Commission since the launch of its trial version in March of last year.