In the rapidly changing world of Financial Advice, technological innovations continue to reshape how financial institutions interact with customers.
One such innovation that is becoming increasingly prominent is Robo Advice. Our risk consulting team explores how these automated advice platforms have emerged as cost effective and convenient ways of managing finances for both individuals and financial institutions presenting an opportunity for financial providers to gain a competitive advantage. This article also explains the heightened risk and implementation challenges that Robo Advice systems present to financial providers.
