The new platform will let Merrill go through with earlier plans to stop offering commission-based retirement accounts as part of its bid to comply with the Department of Labor’s fiduciary rule, the Journal writes.
Previously, the firm had been operating in Myanmar through third-party business partners, supporting local banks with their self-service technology needs for many years.
The country’s politics have a proven history of impacting the macro economy and this, in turn, will impact the micro economy and may result in lower consumer spend and a decrease in business confidence.
It’s done by selecting products based on the preferences of people in the same situation, and the same socio-economic group, who chose that particular product.
It is aimed at firms and advisers looking to launch their own robo-advisory services as well as wealth managers, fintech developers, consultants and private equity firms.
This exclusive interview with Sudhesh Giriyan, COO of Xpress Money, discusses the future of the global remittances market, and the ways in which fintech is poised to impact this growing market.