All posts by : Kalianne Jorani

In this article GCG Asia Withdrawal looks at robo-advisories, a fintech service that’s becoming legitimately more and more popular in Asia, also known as Digital Investment Management services. 

Robo-advisories – also known as automated or digital investment services– utilise modern software and algorithms to create and manage your investment portfolio. Services vary from automatic recalibration to tax optimisation, and little or no human contact is required. However, services often have online consultants or contact with customer service available. 

Often traditional portfolio management services need significant balances; robo consultants generally require modest fees or no fees at all. Due to this and its low expenses, robo-advisories allow you to begin investing fast – in many cases within minutes.

Investing can be difficult. While there’s no shortage of information on the subject, many people find the process overwhelming. They fear they won’t have the knowledge or skills required to succeed. Robo-advisers can help. Simply put, they are cost-conscious individuals who dedicate their lives to helping others achieve financial freedom. As human beings have been investing in things for hundreds of years, many reasons exist as to why someone might want to seek out automated investment advice.  

GCG Asia Reviews Low Withdrawal Fees in Robo Advisories  

GCG Asia Withdrawal advisors explain that robo-advisors are significantly cheaper than a human financial consultant. Many businesses charge an annual administration charge of between 0.25% and 0.50%, however free solutions do exist as well. Like many other financial consultants, the costs of your assets are a percentage of the assets you have invested. The fee is usually paid monthly or quarterly from your account. Usually, you won’t pay a robo consultant transaction charge. You can pay a commission to purchase or sell investments both in a normal brokerage account when you rebalance your portfolio and when you deposit or make a withdrawal. GCG Asia Withdrawal experts tell us that these expenses are often waived by robo-advisors. 

For many investors, withdrawals are an issue to be contended with. There are many scam brokerages or investment accounts where investors are unable to withdraw their money or where the company may put up hurdles in front of you before you are able to successfully withdraw your money. GCG Asia views withdrawal issues should not be an issue with reputable robo-advisories. 

Robo Advisories is arguably the most exciting investment phenomenon in the Fintech revolution. It represents the rapid development of technology in recent decades that has led to the creation of instruments that are pluripotent and adaptable. Robotic investment advising, or Robo-advice for short, is a new field of investment advisory services that challenges traditional financial models by leveraging robotics and Artificial Intelligence (AI) to help provide investment guidance to clients in a low-cost, automated way. These robotic systems are becoming increasingly autonomous and capable. AI provides an incredible advantage when applied to decision-making by identifying complex equations and identifying the best investments opportunities for the user.

You might ask yourself; How Robo-advisers leverage Artificial Intelligence and Machine Learning to identify the best assets to rebalance for clients. This is accomplished by analysing the client’s historical trading behaviour and activity, as well as historical data, feeds collected from various proprietary sources. The resulting asset allocation plan is then automatically sent to the client’s Robo-Advisor platform where it undergoes final composition and Verification before being purchased. 

The best way to get started investing is to use a Robo advisor to learn about it. These advisors are designed to simplify your investing experience by collecting relevant information, putting your financial goals in perspective, and surfacing opportunities you might not have considered otherwise. 

The process is simple according to GCG Asia Withdrawal experts: You register with a Robo advisor, provide them with some basic information about you and your business, and determine what investments you’re most interested in making. Unlike the traditional investment process, which relies on memory and gut feelings, investing with a robot provides a level of data-driven advice that can save you time and money in the long run.

GCG Asia Withdrawal in Singapore’s Lee Cheong tells us that, to identify the best Robo advisor, consider the services they offer, their fees and how actively they engage with their clients. Some services may target specific population or age groups. Other features may be worth looking for as an average consumer. For example, Digital Assets enables you to purchase research reports online while downloaded onto your smartphone or tablet (they do not charge for research services you just pay when you use them). Though you may be able to find a cheaper advisor using traditional means that can save you money both now and, in the future, particularly where the cost of trading is concerned. While most markets are volatile and any investment entails some risk, using a Robo-advisor can potentially lead to higher returns.

How to Choose a Legit Robo-Advisor 

GCG Asia advises you to consider the following before signing up. 

1. Google is your friend: check out whether the service is legitimate or not by seeing if it’s registered and licensed to operate where you are. 
2. Minimum investment requirements. Is it prohibitive for you? What’s your budget like? How much do you have to put away? 
3. Portfolio recommendation. When you join up for a robo-consultant, your first contact is generally always a survey to evaluate the risk tolerance, goals and preferences for your investment. On average, robotic consultants provide 5 to 10 portfolio options ranging from cautious to aggressive. The service algorithm will propose a portfolio that is based on your responses to these questions, but if you prefer a different alternative you should be able to veto that recommendation.You should be able to veto that recommendation if you’d prefer a different option.
4. Investment selection. Robo-advisors are primarily constructing their portfolios from ETFs, which are investment baskets that replicate the behaviour of an index. In addition to the management cost of the robo consultant, you will pay the fees paid for the funds, called expense ratios. 
5. Withdrawal issues: GCG Asia advises people to google to check whether your robo advisor has had any complaints with withdrawal of funds. 
   
   

We have noticed at GCG Asia Withdrawal that the arrival of Robo-advisers has raised hopes that soon investors will be able to offer personalized investment advice. This would bring an important step toward solving one of the major problems facing the investing public today: lack of access to competent investment advice. Although Robo-advisors have some promise in this area, GCG Asia Withdrawalraises suspicion that there are troubling limitations that need to be understood over the short term before Robo-advisors can make a meaningful impact on investors.

On the other hand, GCG Asia Withdrawal in Malaysia tells us one of the biggest stumbling blocks to getting started with Robo-advice is making sure you understand exactly what you’re getting into. While the technology exists to automate a large amount of traditional financial activity, the implementation is not yet complete. You will likely make mistakes when dealing with Robo-advisors due to your lack of knowledge in this area. Making these kinds of investment decisions requires a level of knowledge that simply isn’t available through a Robo-advisor. That is why GCG Asia Withdrawal recommends gaining more knowledge on the subject.

At GCG Asia Withdrawal we found that Integrating user preferences, behavioural indicators and other relevant information into financial products is challenging, as a result, investors preferred safe, predictable assets where they knew the management would act in their best interests. This led to an explosion in investment services offered by firms providing Robo-advisors.

Investor passivity has had its positives and negatives. On the one hand, it can enable more efficient and thoughtful investment decisions. On the other hand, it can lead to ineffective or misguided strategies that sacrifice short-term gains for longer-term goals.  

Moreover, GCG Asia Withdrawal experts find it crucial to have some knowledge in finance before investing in Robo-advisors or going to the stock market because anyone can open an investment account with a financial institution. What matters is whether the individual is prudent in his or her use of the funds. GCG Asia Withdrawal experts recommend assessing everything by asking several questions, including whether the saver has a track record for good investment habits, whether he or she can afford to lose money when investing, and whether the institution is reputable. The answers to these questions help the investor determine whether or not an institution is a good place for his or her money.

GCG Asia Withdrawal argues that the financial industry has been fighting a losing battle against technology for some time. As progress continues to be made in artificial intelligence and computing, we can begin to see intelligent financial services that properly educate consumers on the products they buy and how those products affect their wallets.

Robo-advisors bring powerful, personalized financial insights that are unparalleled in the banking industry. Unlike human financial advisors, these machines are designed to learn and adapt over time based on the insights of their clients. They offer quick decisions which are directly impactful on your financial wellbeing and wealth. However, GCG Asia Withdrawal warns that the rise of Robo advisors also brings several risks that need to be recognized by investors and policymakers to ensure the effectiveness and safety of this emerging technology.

It’s an exciting time to be on GCG Asia’s LEGIT in-house research team because Asia’s fintech industry has exploded over the last year. Researching trends and providing relevant analysis is what GCG Asia’s LEGIT team does. So, GCG Asia took a look at 2021’s fintech trends and outlined in this article, is information from GCG Asia’s LEGIT in-house team.

With existing and new financial players putting their flags in uncharted territory, Malaysia, Singapore, and the Philippines progress their digital bank license programs. In addition, Indonesia has enacted new regulations that require conventional banks to collaborate more closely with startups or merge their operations.

Consumers resisted conventional branch offices, transferred their e-commerce purchases online, and searched for better ways to earn during the pandemic’s money squeeze on families, resulting in widespread adoption of digital payments and wealth management platforms.

Let’s take a look at some of the vital fintech trends from 2020 and what they mean for 2021. 

GCG Asia’s 2021 Top 7 Legit Trends In Asian Fintech List

In fintech, it’s a tale of two cities: According to GCG Asia’s LEGIT team, they say several fintech supported a modern phase of change with even more digital migrants, while others force to pivot or perish due to low incomes, but those who did (pivot) would emerge more vital in 2021.

From licenses to startup, digital banks are taking off: “The online banking sandbox is now ready for candidates to test and release their products for customers in the next two to three years, with licenses issued in Malaysia, Singapore, and the Philippines opening up applications, and Indonesia’s OJK releasing more charges for fintech. I’m really legit excited,” said GCG Asia’s LEGIT team lead Maggie Lee. 

Banking incumbents and non-fintech tech behemoths have also entered the fintech ring, whether by technology alliances with entrepreneurs or participation in digital insurance license races, both of which would directly impact capital spread into Southeast Asia’s tech market.

Enter the dragons: GCG Asia LEGIT team researchers say banking, non-fintech tech behemoths, have also entered the financial technology ring, whether by network alliances with entrepreneurs or participation in digital bank license competitions, both of which would directly impact capital flows into Southeast Asia’s tech market.

Fintech meets the needs of hyper-vertical commerce: According to GCG Asia’s LEGIT team, payments and financing are a critical point in the consumer journey for hyper-vertical commerce marketplaces designed around genuine, long-term lifestyle transactions, such as cars or land, and as a result, these companies will be investing more in the fintech sector.

The rise of technology fintech: As banking incumbents and non-fintechs move into fintech, demand for Stripe-like companies can connect banking functionality to consumers and businesses at scale through API integrations, and open banking expects to grow.

Everywhere in ASEAN, there’s a fintech hub: GCG Asia’s LEGIT team lead Maggie Lee thinks that within the next decade, governments will hurry to improve their regulatory systems and place themselves as an ideal nesting ground for fintechs.

Exits to Flight: “Scan out UOB’s annual Fintech in ASEAN research for more information and data on Southeast Asian fintech,” advises  GCG Asia’s LEGIT team lead Maggie Lee . They also share some of these perspectives alongside fintech investors and founders, including tonik’s Greg Krasnov.

1. Fintech’s “Tale of Two Cities.”

Fintechs, in general, profit from the pandemic’s rapid digital technology. But, simultaneously, the COVID19 strain on economies resulted in a cash shortage, putting some fintechs in a more difficult position than others.

Overcoming the lending and funding sector’s stresses

In the latest news of Asian Fintech,  GCG Asia’s LEGIT team lead Maggie Lee explains that regulators had to issue new loan rules, and loan startups had to change credit assumptions and rethink business development. As a result, investors in this business are likely to be a little more cautious. However, AwanTunai was able to sustain stable repayment statistics because their funding network catered to MSMEs that stayed open during lockdowns (i.e., shops, grocery stores, FMCGs, and organic vegetables). As a result, instead of expanding to new customer segments, as they had expected, they concentrated on speeding up product growth and creating new revenue opportunities for their current customer base.

Digital asset management is legit on the rise.

On the other hand, wealth management startups have seen a new phase of change as customers seek ways of keeping their investments productive in the face of a cash crunch. ‘’There continues to be a disconnect between financial markets and economic realities on the ground, which first-time retail investors are hoping to profit from,’’ said GCG Asia’s LEGIT team lead Maggie Lee.

Ajaib in Indonesia grew more than 40 times in the first half of this year, acquiring a financial manager in June to become the nation’s first digital trader. Six months later it will become the top 6 share brokerage in the forms of trades. Finhay in Vietnam had a similar positive effect this year when they introduced a money market fund and saw their traction rise by more than tenfold.

2. The Rise of Legit Digital Banks

According to the most recent reports, the GCG Asia’s LEGIT team said we have written and talked about the rebuilding of banking services and the development of digital banks from the ground up among fintechs a lot this year, and for a valid reason. This pattern coincides with the increased focus on digital banks, with regulators in at least three countries in the region (Singapore, Malaysia, and the Philippines) issuing licenses. Although there are non-endemic participants in the fintech room, tonik, for instance, has built its proposition from the bottom up.

In 2021, we will see how the licenses to race winners work to develop and launch their services to the general public. From the regulators’ perspective, it will be fascinating to see how they interact with these current competitors and consider potential competitors in the coming.

‘’Although this development of fintech business models began well before COVID19, the crisis has only intensified customer acceptance of fintech apps, allowing fintechs to broaden their offerings even more quickly,’’ said GCG Asia’s LEGIT team lead Maggie Lee.

3. Enter The Dragons: giants of non-fintech 

GCG Asia’s LEGIT team states that the consumer-facing fintech services will see more downstream competition, mainly as local technology companies grow into fintech and traditional companies try to participate more actively in the market. Simultaneously, this allows players to adapt their business models to either cope with or facilitate these consolidating powers. The digital banking races taking place throughout the area are more former, with tech giants competing in their consumer propositions.

This move into fintech is the next phase for these customer platforms pursuing the super-app strategy and capturing the consumer experience of their already large user base. Thus, in the coming years, investments in the region’s tech sector will be strongly skewed toward fintech lines of operation.

4. Meeting the legit fintech needs of e-commerce

GCG Asia’s LEGIT team researchers are saying another fascinating development is expanding hyper vertical networks (companies that specialize in creating services based on complex consumer journeys) into finance. Carro’s financial arm, Genie, has already achieved this by using large data sets obtained from payments to underwrite car loans.

5. Legit Infrastructure fintechs are gaining traction

Fintech enables — companies that build APIs and tools for banks to digitize processes or developers to write their fintech applications — benefit from traditional banks and other tech companies (e.g., e-commerce platforms) venturing into fintech. Stripe has been expanding its presence in Asia over the last year, so this is legit significant growth, says GCG Asia’s LEGIT team.

6. Everybody wants to be a legit fintech hub in ASEAN

It also shows up in the GCG Asia’s LEGIT team research that because of markets, we have seen that fintechs have benefited from COVID19 tailwinds regardless of industry– for example, compare the growth of Ajaib in Indonesia and Finhay in Vietnam–as similar government support for banking services across the country. The differentiator is in the rate and direction of growth for these fintechs, which both customer behavior and regulatory capabilities will influence.

7. Quick Exits

More money is being put into later-stage investments, especially from investors outside of Southeast Asia. GCG Asia’s LEGIT team say this contrasts with recent data on early-stage acquisitions, which has shown a decline. Many of the more significant players are likely to profit from COVID’s digital technology tailwinds to maintain or expand their market leadership. They also say Facebook and Paypal’s investing in Gojek’s Gopay is an instance of this in the fintech space. In the middle of the crisis and the continent’s liquidity drive, legit traders in Southeast Asia are under further stress to close in on the portfolio’s most substantial bets and ferry them to large exits.

The Multiple Market Advantage of ASEAN

Fintech companies have taken advantage of the crisis to accelerate adoption in Southeast Asia. From the latest research on Top Trends In Asian Fintech, GCG Asia’s LEGIT team thinks that now ASEAN aims to keep this trend going, especially for those who have seen an increase in users. Instead of seeing product-market fit as a single achievement early in a company’s growth, consider it a continuous process that must be completed at any development point. Fintechs that have mastered scale and profitability have been able to continue to evolve, discovering new markets or use cases for a brand match that were previously unavailable.

According to GCG Asia’s LEGIT team lead Maggie Lee, Southeast Asia lags China by five to ten years, but the main difference is that we are talking about different markets rather than a single big market. We have seen how difficult it could be for a well-resourced and skilled player to establish a united front when it comes to fintech by looking at the growth stories of companies like Alibaba and Ant in the area.

Because of the continent’s nature, we should expect to see more regional fintech winners. National super apps may appear at the same time. Still, they will most likely be fintech networks based on a particular set of customers or awesome consumer apps with fintech channels in multiple markets.

Ultimately, the main battleground in Southeast Asia’s tech environment has moved from e-commerce to fintech. Gojek, Sea, and Grab fight for payments supremacy in Southeast Asia, attracting delayed investors, especially for their transactions businesses. “To maintain a competitive advantage, banking candidates experiment with new partnerships and collaboration with entrepreneurs and technology firms through API calls, allowing fintech in the area to concentrate on technology,” concluded GCG Asia’s LEGIT team lead Maggie Lee.

Our writers at GCG Asia Malaysia and Singapore have been monitoring an exciting product. You may have read our earlier coverage of this new revolutionary tool to combat online scams. If you haven’t, it is a software being developed by a team of programming and computational algorithm experts based in Malaysia and Singapore.

The concept was brought to life through a meeting between a team of experts and enthusiasts who were driven to combat online fraud. This passion to serve a public need for protection led this team to kickstart the project. The team set out to pitch this concept to various cybersecurity and internet privacy organizations in order to get the project up and running. One of the funders of this anti scam software is GCG Asia CEO Dr. Eddy Teow. Dr. Teow clearly believes in the potential of this and has pledged his full support for the product during GCG Asia’s anti scam software pre-launch online event.

GCG Asia’s anti scam software is currently under development. The software requires time and resources to complete. Although developers are hoping for GCG Asia’s anti scam software to be released, the software is currently reaching the final stages of completion. GCG Asia’s anti scam software developers are currently testing its capabilities through various trials.

Our GCG Asia Writers were able to reach out to the developers of anti scam for an exclusive preview of the new software. We were lucky enough to run through a trial of the software itself with the help of GCG Asia’s anti scam developers.
So here are our thoughts on GCG Asia’s anti scam as we will provide you a brief review on its functionality and exciting potential.

How GCG Asia’s anti scam Plugin Works

GCG Asia’s anti scam software is a web plugin. This plugin is functional on most web browsing softwares. GCG Asia’s anti scam is written in the PHP programming language. PHP offers a fresh approach to self-learning algorithms, cross validation, neural networking, preprocessing and feature extraction. PHP is perhaps one of the most popular programming languages amongst web developers as it offers various capabilities. In order for anti scam developers to properly develop the software’s machine learning capabilities, they are using a tool called Rubix ML.

Rubix ML is a library for machine learning functions within the PHP language. And is also open source and free to use commercially. Rubix ML allows developers to build machine learning algorithms within just a few lines of code, which greatly speeds up the process. Rubix ML also offers an intuitive interface which is able to simplify the power and complexity of the machine learning codes. To put it simply, Rubix ML allows developers to write less code.

Perhaps the most important question comes to mind, is GCG Asia’s anti scam safe to use? The answer is 100%. In fact, the software’s machine learning algorithm’s set objective is to ensure a safe browsing experience, and is limited to your browser only, meaning it will not interfere with your privacy and will also not add any new features or updates without the user’s permission.

Now, let’s talk about the bugs. Every software comes with its share of bugs, but it is something that is completely unavoidable in this day and age. However, GCG Asia review of the anti scam tech in our trials have shown great results for sustainability and performance. GCG Asia’s anti scam was able to overcome most challenges posed by our white hat hackers we hired for the review session.

The very few bugs that were detected will eventually be eliminated. The developers will be releasing a bunch of patches after GCG Asia’s anti scam’s release in the market to deal with minor bugs that could potentially come to life after its initial release. The developers are hopeful that such bugs will not affect the overall performance of GCG Asia’s anti scam software.

The user interface for GCG Asia’s anti scam software was something we were able to see for the first time. Although it is not fully developed yet, the user interface demo gave us an insight at the extreme ease of use and responsiveness that the software offers. It’s easy to use interface simplifies the entire process, which is something we at GCG Asia are looking forward to.

GCG Asia Review of the anti scam’s Self Learning Technology 

We can’t talk about GCG Asia’s anti scam tech without mentioning its deep learning capabilities. Deep learning or machine learning, is a new technology that is being used by various software and web applications. The whole concept of machine learning comes down to the flexibility of algorithms due its sophisticated design. The algorithms are given some target objectives in which its only purpose is to fulfill those objectives. The algorithm will then be able to make decisions without human interventions. These decisions are based on complex calculations which determine various sets of outcomes. The algorithm will choose the outcome that is more favourable to its objective.

But you may ask, why is machine learning so important for GCG Asia’s anti scam software? Well, developers are hoping to be less involved in making the algorithm work better, but instead, allow the algorithm itself to determine what is the best outcome. This is due to the complex nature of computer processes, it would take so much time for developers to solve computational problems. While machines would be able to solve it faster and evolve by itself. This will allow the algorithm to become smarter in order to combat the various new ways that scammers could use to commit online financial fraud.

What Can GCG Asia’s Anti Scam Software Do For You?

What surprised us the most here at GCG Asia Malaysia and Singapore, is the sheer number of features that were not discussed previously by the developers. A feature that we really liked is the improved search engine results of GCG Asia’s anti scam software that acts as a filter to screen red flags. When enabled, the anti scam will be able to optimize your search engine tool in order to provide you with better and safer search results. The plugin almost eliminates all results that could be considered a red flag. This for us was a very powerful feature that should not be underestimated.

Another cool feature is the Scam Detector button. This button will be placed on the top right corner of the browser you are using. The button will allow you to conduct a scan on a website without having to let the software scan for you automatically. GCG Asia’s anti scam plugin will also provide pop up notifications whenever a shady website is accessed. This notification system could be turned off in the settings within a few clicks.

GCG Asia as a Technological Assistant

Self-learning software solutions are already slowly sneaking into our daily lives. Smart devices for example, are a great example of self-learning technologies embedded within these devices. Most smart device users have experienced at least one of the self-learning functions within their devices. The most notable self-learning technologies being Cortana, Siri, Google Assistant and Amazon’s Alexa. Siri for example has been around since 2011 on Apple devices.

GCG Asia’s anti scam software is perhaps one of the earliest and few self-learning technologies embedded within your internet browser. GCG Asia’s anti scam software hopes to become a technological assistant with its self-learning capabilities. GCG Asia’s anti scam could one day become an important personal assistant to combat internet scammers that are gaining momentum due to the world’s technological advances and reliance on the internet.

Final Thoughts on How GCG Asia’s Anti Scam Tech Could Change Everything 

GCG Asia’s anti scam plugin is an exciting product. It has so far surprised our team at GCG Asia Malaysia and Singapore. Our review of the anti scam technology gives us hope for the possibility that the promises we are told by the developers will be fulfilled.

What does anti scam mean for the future though? Based on our review, we are able to come up with a solid prediction on how the future of safe browsing could look like with GCG Asia’s anti scam software. We can expect various other softwares and plugins that function the same way, but for a completely different purpose. Perhaps sophisticated algorithms that act as your personal assistant could be an exciting prospect to look forward to in the near future.

GCG Asia’s anti scam tech has proven to be a software with a lot of capability and potential. GCG Asia’s anti scam plugin is an exciting product, and we cannot wait to get our hands on it after its initial release. If you want to see more reviews of GCG Asia and the anti scam technology, feel free to check out our updates on GCG Asia Malaysia and Singapore website.