Quantec Signs Retirement Pension Business Agreement with Shinhan Bank

Artificial intelligence (AI) automated investment company Quantec announced on the 29th that it has signed a strategic business agreement (MOU) with Shinhan Bank to jointly promote a non-face-to-face robo-advisor discretionary investment partnership for retirement pensions.

Following partnerships with securities firms such as NH Investment & Securities, Shinhan Investment Corp., and Hana Securities, Quantec is expanding its collaborations to the banking sector and accelerating its entry into the retirement pension robo-advisor market, which is scheduled to be implemented through a regulatory sandbox in the second half of this year.

Through this business agreement, Quantec will cooperate to enable Shinhan Bank customers to enjoy a more advanced robo-advisor retirement pension discretionary investment service. Quantec’s AI algorithm will automatically manage retirement pension funds, allowing Shinhan Bank customers to benefit from convenient and effective asset management services.

Based on its excellent algorithm development capabilities and advanced asset management, Quantec plans to lead the retirement pension market together with Shinhan Bank. In October last year, Quantec submitted 50 proprietary retirement pension-specific algorithms to the Koscom robo-advisor testbed. Among them, the ‘Quantec Energy Momentum Global (Aggressive Investment Type)’ recorded a cumulative return of 17.16% (as of March 26, 2024). During the same period, the S&P 500 index rose by 13.87%.

Quantec plans to continuously introduce investor-tailored products through various algorithm operation strategies that segment investment markets and asset classes. A Quantec discretionary investment official stated, "Starting with Shinhan Bank, we are continuing discussions on retirement pension-related business partnerships with major banks," adding, "Quantec will accelerate the development of customized investment services so that anyone can manage their retirement pension stably in the non-face-to-face robo-advisor market for retirement pensions."