BT EXCLUSIVE

Digital robo-adviser Smartly throws in towel

It will be closing after fewer than three years in business; it claims "intense" competition has led to the "difficult" decision to cease its operations in Singapore

Singapore

SINGAPORE'S nascent robo-adviser space has reported a casualty - digital advisory firm Smartly will shut after fewer than three years in the business.

And with its demise coming at the time of heightened market volatility, customers being forced to liquidate their