Innovation | 06.24.20
Innovator Spotlight: Bambu — A Digital Wallet Valet
Earlier this year, a select group of technology developers exhibited their solutions as part of the Technology Innovation Lab at BISA’s Annual Convention. Here, we bring you stories of how these companies are tackling some vexing problems and challenges at a pivotal moment for financial institutions.
Company Name: Bambu
Product/Service: Digital wealth management.
What It Is
Bambu is a Fintech company. We are B2B, which means we only develop tech for financial institutions. Our platform helps users save and invest for their future, so we like to think we’re helping people in some small way. The plan for us is to make the platform intelligent piece by piece, to help people manage their spending and investments every day.
We’re a fast-growing startup based in Singapore, with branch offices in Kuala Lumpur, Hong Kong, London, San Francisco and Dubai. Founded in 2016, and largely privately owned by the founders and employees, we have the financial backing of one of the world’s leading players in our industry in Franklin Templeton. We have 18 clients in every continent; and we also launched Singapore’s first robo-advisor platform back in 2016 with Crossbridge Connect. Our robo-platform has won awards as well recognized events such as Fintech Finals, Finovate Asia and Africa and The Asset Awards. We are also Alumni of SuperCharger 2.0 Accelerator program and finalists at Jumpstart organized by Alibaba Entrepreneurs Fund.
Financial institutions, such as registered investment advisors and regional and local banks, do not have the capability to quickly and efficiently deploy their own robo-advisory platform into their technology. Due to this, these companies are being taken over by independent digital wealth managers. As a company, we build a set of software that enables financial institutions to move into the robo-advisory market quickly which allows them to stay ahead of their competitors.
How It’s Different:
Bambu prides itself in delivering world-class proprietary Application Programming Interfaces (APIs) to our clients.
As we are powered by a team of talented engineers and a dedicated AI research team — with a half-century of Neural Network research — all of whom are rethinking how digital wealth should be done.
Our technology is finally putting the customers first by having a dedicated team of designers rewriting the user journey of saving and investing, an experience uniquely tailored to each person, all over the globe.
Our robo-platform is completely customized and together with our API structure and modular approach, we build a suitable robo-advisor technology for each client, rather than selling pre-made versions. The technology is suitable for clients around the world, and this has been proven with the global clients using our platform. To add on, Bambu is connected with leading financial partners — institutions such as Refinitiv, Apex Clearing, Franklin Templeton and Amazon Web Services (AWS).
One big differentiator is the charging structure that aligns with your success. We believe the new world of software must only charge the ongoing fees in this way — rather than upgrade fees — and ongoing license fees, which are not aligned with your success.
Bambu believes in making saving and investing simple, low-cost and accessible. Using our award-winning technology, we will provide customers with a smarter way to manage their finances and achieve their financial goals.
Bambu is a global leader in digital wealth technology.
Whether you're launching a robo-advisor for millennials or a tool for your financial advisors, Bambu's intelligent APIs and SaaS platform deliver the best possible experience for your users. Leading financial institutions around the world have adopted Bambu’s technology, making wealth management digital and simple.
FinTech is almost 40 years old, but now is the time for it to truly take center stage. Digital is not one part of a bank's strategy; it is pretty much the only part. Thus, Bambu is creating future investors with our technology. Banks are turning to us to solve the real question: What do investors want tomorrow?