Incumbents Moving Towards Innovation, FinTechs Moving Towards Scale – The Robo-Advisor Race Is On!

Every day, emerging technologies are bringing in newer dimensions to the financial services industry. Robo-advisors, generally referred to as online investment services that deliver algorithmically derived financial advice, brought a new wave of automated, low-cost investment advisory in the wealth management space. Some of the early FinTech innovators, led by Wealthfront and Betterment, got everyone enthusiastic with their advanced AI/ML and automation capabilities, as well as easy access for a broader range of customers by virtue of low fee. Sensing the depth of this opportunity, hundreds of startups then followed suit and tried to shake the investment world with their offerings ...

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