Belgian robo-advisor Gambit Financial Services will become the partner for robo-advisory solutions in the French bank BNP Paribas Group’s retail and wealth management services.
The announcement comes after BNP Paribas said it bought a majority stake in the robo-advisor. Their purchase was prompted by BNP’s focus on keeping up with changing customer needs, the bank said.
While Gambit will serve as BNP’s “preferred partner” for robo services, the company will continue to operate independently for now.
The company’s solutions are currently being used across retail banks in Luxembourg, France, and Switzerland, as well as its native Belgium.
Read more at Finextra and InvstmentWeek.