Bambu is a robo-advisory solution provider offering financial and consumer brands the ability to integrate and benefit from the ongoing digital transformation in wealth management. Founded in 2016, the company is headquartered in Singapore by industry experts Ned Phillips and Aki Ranin, and with subsidiaries in Hong Kong and the United Kingdom. 

Bambu offers a digital platform for wealth management on AWS cloud for financial sector clients which are highly regulated. As Bambu's business grows, clients request more the platform conforms to the regulatory requirement of the countries the platform is hosted and client it services. The challenge is becoming compliant to multiple technology risk regulations without breaking or offering a sub standard platform.

Pragma worked with Bambu to perform compliance assessment against technology risk management regulations and full technology testing assertation for the platforms. We distilled the regulatory requirements to ensure only the requirements required for non financial entity need be conformed to.

We performed both onsite and offsite assessments of the platform and Bambu's operations procedures. The assessment process enable Bambu to mitigate control deficiencies on their infrastructure architecture and policies and procedures, and helped them build a robust Robo Advisory Platform which is compliant to Hong Kong Monetary Authority Technology Risk regulations and Monetary Authority of Singapore Technology Risk Management guidelines.