Aussie robo eyes Thai market
After establishing offices in Malaysia and Indonesia, Raiz is looking at entering the Thailand robo-advisory market, according to George Lucas, the firm’s CEO.
“We are already in conversations with the regulators in Thailand [about the requirements needed to launch a robo-advisory platform],” Lucas told FSA in a recent interview.
The firm plans to set up a joint venture with a domestic firm. Lucas explained that it is easier to navigate the regulatory landscape in Asia with a domestic partner.
“We have the technology to provide, but each country has its own financial regulations, so we need a JV as the domestic firms would be an expert in that area.”
Given that the firm’s plans in Thailand are in the early stages, Raiz doesn’t have an entry date yet.
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