AI Quantec and Industrial Bank of Korea (IBK) said on the 22nd they launched a personal retirement pension (IRP) robo-adviser (RA) service.
The newly introduced retirement pension robo-adviser products consist of three asset allocation-type portfolios, and each product is categorized as pursuing profitability, stability, or both profitability and stability at the same time.
Customers using the Industrial Bank of Korea i-ONE Bank app can subscribe to products recommended by AI Quantec or directly choose products that match the customer's investment propensity.
Among AI Quantec's retirement pension algorithms, the performance of "Quantec Golden Butterfly Developed Markets (aggressive investment type)" stands out the most. As of the 21st, this algorithm recorded a cumulative return of 46.76%.
AI Quantec is rolling out retirement pension services in succession with major financial institutions. Previously, AI Quantec introduced services with NH NongHyup Bank and NH Investment & Securities, and it is also preparing services with Woori Bank, Shinhan Bank, and Hana Bank.
An AI Quantec official said, "We are pleased to present AI Quantec's retirement pension algorithms to Industrial Bank of Korea customers," adding, "We will continue to lead the retirement pension market as a leading company in the industry."