Executive Officer: Change and Wealth Navi

executive officer: The founder and chief executive officer of Wealth Navi Inc., a startup backed by Japan three biggest banks, is developing an app that encourages users to invest their spare change by putting aside a few yen each time they open their wallets, according to The Japan Times. The software works like this When a customer buys something with their credit card or electronic money, it rounds up from the purchase price to the nearest 100 and collects that change. Kazuhisa Shibayama is trying to change that, one coin at a time. Once the balance reaches 500, the cash is channeled into an investment fund selected using the robo-adviser algorithm-based technology. Wealth Navi is one of many companies emerging around the world that are seeking to appeal to tech-savvy investors and disrupt the financial services industry using computers to do the job of money managers. Shibayama ambitions depend on whether younger Japanese can be persuaded to save and invest more as wages stagnate, stock prices fall and interest rates evaporate in an economy that still plagued by deflation. (news.financializer.com). As reported in the news.