Skip to content
Subscriber Only

Robot at $390 Billion Nordea Wealth Unit Has Big Plans

Updated on

Clients looking for investment advice at the biggest Nordic bank have recently been introduced to a robot.

Nora, the robo-adviser that Nordea Bank AB launched last month, has already been asked to start investment processes equivalent to 4 percent of the roughly 500,000 people who get savings advice from the bank each year. Nordea wants to use Nora to help expand that figure to about 2 million people in the next 2-3 years.