This website uses cookies to ensure you get the best experience. Cookies Policy.

Fintech
08 Oct 2019 6 min read

What’s better than competition? Collaboration!

Fintech

What’s better than competition? Collaboration!

Tue Oct 2019 6 min read
article-img

Fintech was built with the goal of improving access to financial services for all. Competition is healthy, but what’s better than competition is collaboration. At LU Global, we welcome partners in neighbouring countries who share our passion for making investment less complicated, benefitting our investor community.

In a recent interview with Fund Selector Asia, our CEO, Mr Kit Wong, who hails from sales and strategy roles at Google, and ANZ Bank, talked about how LU Global has made renowned investment products available at the swipe of a finger – products that were once only available to private banking and institutional clients.

Here’s a summary for interested partners of the LU Global advantages that Mr Wong discussed with Fund Selector Asia:

Click here for full interview.

  • Minimum investment is only US$1,000
  • Investors can buy alternative products, which they wouldn’t normally be able to purchase because the minimum dealing size is too restrictive
  • Range of products on the platform, comprises of a mixture of open-ended and closed-ended funds
  • Collaborations with financial institutions, such as Blackrock and Pimco, to offer diversified funds
  • Regular fund changes depending on investors’ preferences and anticipated trends.
  • A curated platform, not a supermarket.
  • Investors can still monitor, assess, exit the funds they have bought, even when they are no longer offered on the platform
  • Zero subscription fees on all fixed term products
  • 100% digital on boarding processes using big data, optical character recognition, GPS verification, facial recognition and artificial intelligence technology
  • Advanced KYP, KYC, compliance and AML systems

For more insight on LU Global customers, the following was shared:

  • Over 300,000 registered customers from 19 nationalities
  • Average amount invested by individual investors is around USD $25,000
  • Most customers are based in Asia, between the ages of 35 and 40
  • Proactive investment seen from those with finance or technology background
  • Growing interest from retirees
  • LU Global is a member of Ping An Group, and international arm of Lufax
  • LU Global is a brand of LU International (Sinagpore) Financial Asset Exchange Pte. Ltd. that holds a CMS licensed by MAS

To find out more about partnership opportunities, please contact tiyao353@lu.com.

The full article was first published by Fund Selector Asia. View full interview here.

Download LU Global app to find out more about the funds.

qr-code
Download now

Latest Insights

Investing Capital preservation

Recently, stock markets have been highly volatile due to the escalating COVID-19 outbreak and plummeting oil prices…

LU Global News LU Global wins 2020 Best of the Best Awards

For the second year running Lu International has won awards from the coveted Asia Asset Management…

Fintech FinTech – a billion-dollar industry

Everyone knows fintech is a billion-dollar industry but what you might not know, is there are no signs of this slowing!

Investing Capital preservation

Recently, stock markets have been highly volatile due to the escalating COVID-19 outbreak and plummeting oil prices…

LU Global News LU Global wins 2020 Best of the Best Awards

For the second year running Lu International has won awards from the coveted Asia Asset Management…

Investing Capital preservation

Recently, stock markets have been highly volatile due to the escalating COVID-19 outbreak and plummeting oil prices…

LU Global News LU Global wins 2020 Best of the Best Awards

For the second year running Lu International has won awards from the coveted Asia Asset Management…

Explore More
Explore More