Gwangju Bank "Manage Your Assets Smartly with KJ MyBot"

[Asia Economy Reporter Kim Hyo-jin] Gwangju Bank announced on the 21st that it will implement the 'KJ MyBot' service, a robo-advisor fund recommendation system, on its smart banking (APP).

A robo-advisor, a compound word of robot and investment expert, is an asset management service that provides services suitable for customers' preferences through big data analysis. Gwangju Bank has signed a business agreement with Quarterback Technologies and has been providing robo-advisor asset management services at branch counters since 2018.

This service, called KJ MyBot, offers a portfolio composed only of financial investment products such as index funds, global asset allocation funds, and theme strategy products to increase customers' investment profitability as a financial strategy actively responding to the low-interest-rate era. The algorithm provided by Quarterback Technologies analyzes market conditions and big data, recommending fund products suitable for investors' preferences.

Jang Jin-seop, head of the Wealth Management (WM) division, said, "Through 'KJ MyBot,' we will do our best to present an effective asset allocation and an optimal investment portfolio that reflects customers' investment tendencies and preferences and matches market conditions."