NTUC Income’s BIX onboard UOB Asset Management’s digital advisory service

UOBAM Invest is the first partner to be onboarded in the BIX platform.

UOB Asset Management (UOBAM) and NTUC Income (Income) have teamed up to enhance the accessibility of online corporate investing services by enabling Income’s corporate customers to access UOBAM Invest on BIX.

UOBAM Invest is Singapore’s first digital advisory service for corporate investors, whilst BIX is Income’s corporate insurance self-serve platform. UOBAM is the first partner on board BIX, the two said in a joint announcement.

Digital investment services such as UOBAM Invest are reportedly fast gaining traction in Singapore and other markets such as Malaysia and Thailand. This comes amidst increased demand from corporate investors for solutions that enable them to self-serve and to manage their portfolios in real-time, UOBAM and Income noted in the press release.

For the part, UOBAM Invest shared that they have seen a 250% increase in the number of corporate investors in Singapore since the onset of the pandemic and that they expect this number to grow.