Riyadh –  The Capital Market Authority (CMA) granted Sarwa Company a Financial Technology Experimental Permit (FinTech ExPermit) to experiment Robo-Advisory Service.

The Robo-Advisory Service allows clients to get advice on securities or investment scheme through direct access to automated online platform or application, the CMA said in a statement on Tuesday.

Sarwa will be able to offer automated online discretionary investment management, where the clients can automatically make investments through the platform or the application by authorising the company's management to invest on the client’s behalf, within parameters and mandates agreed with the client, on an ongoing basis.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.