StanChart Partners Templeton for Retirement Planning App
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Available on Google Play and Apple’s App Store, «Autumn» integrates wellness with wealth management on an independent and bank agnostic platform.
SC Ventures, the innovation and ventures unit of Standard Chartered, has launched «Autumn», a digital wealth, health, and lifestyle solution that provides users with tools, products, and services to plan and manage their financial and physical wellbeing.
As a strategic partner, Franklin Templeton will provide users with access to financial literacy content and investment insights, which can be customized based on risk profile and financial data. Autumn will also be bringing lifestyle partners on board, including travel services and volunteering opportunities.
Standard Chartered highlighted that 15 percent of Asia’s population will be over the age of 65 by 2040, citing UN data, and the need for a bundled offering to address all their needs in a holistic and personalized manner.
By combining digital wealth technology with health, lifestyle, and financial wellness, we’ll help users adopt healthier habits and create a retirement that is personalized for them, Mike Kruger, Autumn CEO, said in the announcement.
Banks have been quick to capitalize on Asia’s greying population and heightened interest in wealth planning. Launches of similar platforms this year have included Julius Baer, which launched its digital wealth advisory platform in Asia in April, while DBS also rolled out a personal digital advisory to its financial planner.
Standard Chartered itself debuted a free, do-it-yourself online financial planning app this year.
Autumn is now available in Singapore, with plans underway to roll out the platform progressively in Hong Kong and other markets in Asia, Standard Chartered said.
Questions & Answers
Q.Which company developed and launched the "Autumn" app?
Which company developed and launched the "Autumn" app?
SC Ventures, the innovation and ventures unit of Standard Chartered, developed and launched "Autumn". It is described as a digital wealth, health, and lifestyle solution for financial and physical wellbeing.
Q.What role will Franklin Templeton play as a partner in the "Autumn" app?
What role will Franklin Templeton play as a partner in the "Autumn" app?
As a strategic partner, Franklin Templeton will provide "Autumn" users with access to financial literacy content and investment insights. This content can be customised based on individual risk profiles and financial data.
Q.What is the primary target demographic or market need that "Autumn" aims to address?
What is the primary target demographic or market need that "Autumn" aims to address?
"Autumn" aims to address the needs of Asia's greying population, with 15 percent expected to be over 65 by 2040. It offers a bundled, holistic solution for their financial and physical wellbeing.
Q.In which markets is the "Autumn" app currently available or planned for release?
In which markets is the "Autumn" app currently available or planned for release?
"Autumn" is currently available in Singapore. Standard Chartered also stated that there are plans underway to progressively roll out the platform in Hong Kong and other markets across Asia.
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