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Standard Chartered Singapore unveils online simulators for wealth lending service

It simulates the rate of returns of wealth portfolios.

Standard Chartered Bank Singapore has launched an online simulator for its wealth lending clients to better visualize how market factors will affect their portfolios, the bank announced in a press release.

The first-in-Singapore scenario-based simulators will show clients the potential returns and associated risks of leveraging certain assets in their portfolios.

It features three simulators: investment simulator, which simulates the rate of returns of investments; bancassurance simulator, which shows the rate of returns of bancassurance assets; and the portfolio simulator, which reveals the overall prospective rate of returns of a client’s wealth lending investment portfolio.

Using these tools, clients can the calibrate their portfolio based on their current financial circumstances, investment goals and needs, according to Standard Chartered Singapore.

The service is expected to help the bank’s relationship managers better educate their clients on the benefits and risks of wealth lending, it added.

The wealth lending simulators were co-created on the back of a qualitative study of 30 clients’ investment experiences. Responses showed that investors’ concerns include the resiliency of their portfolio in face of market stress events, portfolio performance and margin calls, the bank found.

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