Manama – Bahrain FinTech Bay (“BFB”) and the Fintech Consortium (“FTC”) have announced today a strategic partnership with RobustWealth, a U.S.-based B2B Fintech startup developing cutting-edge wealth and investment management technology.

Robo-advisory technology uses mathematical algorithms to support investment and wealth management decisions with minimal human intervention. The technology is one of the many Fintech verticals that have seen significant advancement in recent years. The RobustWealth platform offers wealth managers a comprehensive suite of operational technology and trading features, including risk management profiling, automated portfolio allocations and rebalancing, complete private labelling and various administrative functions.

Maissan Al Maskati, Chairman of Fintech Consortium Bahrain, said: “We are excited to launch RobustWealth’s platform at Bahrain Fintech Bay, and believe this technology, which digitizes the wealth management value chain, will innovate and strengthen the positioning of the Bahraini and GCC wealth management sector. The RobustWealth platform is one of the best we have tested. Since officially launching in early 2017, RobustWealth has seen impressive growth and adoption by high profile financial institutions in the U.S. market. Our partnership aims to support RobustWealth’s expansion in Bahrain and the wider GCC region, and to work with the RobustWealth team to further innovate this technology to meet regional requirements.”

Rick Frisbie, Chairman of RobustWealth, said: “RobustWealth looks forward to working with our partners at Bahrain Fintech Bay and deploying our technology in one of the world’s fastest growing wealth management markets. This partnership is an important milestone in RobustWealth’s development and is a unique opportunity for us to extend the capabilities and application of our platform to new areas. We aim to build upon our innovative product development and technology solutions through local collaboration by being part of Bahrain’s exciting fintech ecosystem.”

About RobustWealth
RobustWealth is a digital wealth management platform built by and for investment advisors, and engineered to satisfy their unique needs. It integrates previously modular features into one seamless suite that advisors can leverage to optimize their practice on their clients’ behalf. The easy-to-use technology is delivered in a completely private-labeled environment, customized to the advisor’s brand.

For more information and the latest updates on RobustWealth, please visit us on LinkedIn: linkedin.com/company/robustwealth  

About The Bahrain FinTech Bay (“BFB”) 
The Bahrain FinTech Bay (“BFB”) will be the leading FinTech Hub in the Middle East, located in the Arcapita Building, Bahrain. Bahrain FinTech Bay will provide a physical hub to incubate insightful, scalable and impactful FinTech initiatives through innovation labs, acceleration programs, curated activities, educational opportunities and collaborative platforms. Bahrain FinTech Bay partners with governmental bodies, financial institutions, corporations, consultancy firms, universities, associations, media agencies, venture capital firms and FinTech start-ups to bring the full spectrum of financial market participants and stakeholders together.

For more information on Bahrain FinTech Bay visit http://bahrainfintechbay.com/

About FinTech Consortium (“FTC”) 
The FinTech Consortium is a Singapore-based FinTech Incubator and ecosystem builder that aims to further the development, interaction and acceleration of FinTech ecosystems. FTC fosters synergies among market players, including government bodies, financial institutions, corporations, investors and innovators, who believe that technology can bring added value to the financial industry.

For more information on FinTech Consortium visit http://www.fintech-consortium.com/

© Press Release 2018