KB Securities launches non-face-to-face discretionary investment service 'Olli' with Quantit Investment Advisory

[Asia Economy Reporter Minji Lee] KB Securities announced on the 23rd (Friday) that it has launched ‘Olli,’ a non-face-to-face discretionary investment robo-advisor service based on Banking as a Service (BaaS) in partnership with Quantit Investment Advisory.

Since launching the industry's first non-face-to-face discretionary investment service in 2019, KB Securities has continuously introduced innovative digital-based financial investment services to lead the expansion of the digital ecosystem by utilizing robo-advisors from numerous fintech companies.

On the 1st of this month, KB Securities launched the ‘AI-based Portfolio Order Execution Service’ for institutional clients together with Quantit, followed by the launch of the discretionary investment service Olli for individual clients in collaboration with Quantit Investment Advisory. Olli is a non-face-to-face artificial intelligence (AI) investment platform for individual investors, accessible after opening a comprehensive brokerage account and signing a discretionary investment contract with KB Securities.

Quantit Investment Advisory, a subsidiary of AI big data specialist company Vibe Company, possesses big data-based AI solutions specialized in the financial sector. Through this, it is possible to diversify investments across various financial products worldwide and automatically adjust portfolios according to changes in market conditions.

Based on these solutions, Olli focuses on minimizing return volatility and is designed not only to provide the investment functions emphasized by existing robo-advisors but also to efficiently manage clients’ mid- to long-term funds. Additionally, it secures liquidity so that funds can be used when necessary while expecting stable returns.

Jang Seung-ho, Head of Digital Innovation Division at KB Securities, said, “We hope individual investors can invest more stably and wisely through the Olli service, especially in challenging market environments like these,” and added, “We plan to expand investment services to mid- to long-term products such as pension savings and retirement pensions through continuous collaboration with fintech companies.”

Meanwhile, KB Securities is focusing its efforts on creating differentiated partnership infrastructure, including fintech-exclusive platforms, in addition to the ‘Banking as a Service (BaaS)’ system established to expand the digital ecosystem with fintech companies.

This content was produced with the assistance of AI translation services.