After a short delay, Monex Adviser launches

Maria Nikolova

The robo-advice service aims to help Monex’s clients to invest in domestic ETFs.

A followup to FinanceFeeds’ article from last week about the schedule of the release of Monex Adviser…

Japanese retail Forex broker Monex Inc, a part of Monex Group, Inc. (TYO:8698), today updated its clients on the matter, saying that effective October 25, 2017, it starts providing its new robo-advisory service Monex Adviser. The launch, which was initially scheduled for October 20, 2017, has finally come to fruition despite the brief delay. The company did not mention any reasons for the change in the schedule.

“Monex Adviser” is a robo-advice service assisting in investing in domestic ETFs. It is set to add to Monex’s other similar services – MONEX VISION β and MSV LIFE. The new service is poised to take into account individual preferences, as well as the latest market developments and forecasts.

Monex’s push into robo-advice is barely surprising, given that financial services companies are increasingly adopting the latest financial technologies to respond to the requirements of a wider clientele. Moreover, Monex has shown flair for artificial intelligence (AI) solutions too.

Earlier this year, the broker has announced the start of delivery of a new market analysis report, based on the work of an AI program. To deliver the “Monex AI Report”, the broker has partnered with fintech company Good Moneyger, whose AI solution – VESTA, aims to minimize chances of investment loss by examining market data and cycles and estimating chances of market crashes.

The report itself is intended to be simple and understandable – it rates the investment score of various asset classes based on a three-stages scale. There is also a “weather forecast” for the global market, with a map reflecting the business confidence in various regions.

Monex is not the first Japanese Forex broker to adopt AI solutions. Kabu.com Securities, a subsidiary of Mitsubishi UFJ Financial Group Inc (TYO:8306), had shortly before that unveiled the launch of a special AI-powered solution for its clients. The tool, named “AlpacaSearch for kabu.com” is developed in co-operation with AI startup AlpacaDB Inc. The AI system scans the share prices of Japan-listed companies in order to identify shares exhibiting similar trends. The AI technology detects correlations that human traders cannot usually notice and thus signals trading opportunities.

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