But do humans in the financial industry have anything to fear from such new technologies? We posed that question to Paolo Sironi, a thought leader for IBM’s Watson Financial Services and the author of the book FinTech Innovation: From Robo-Advisors to Goal Based Investing and Gamification. In an exclusive chat at this year’s Morningstar Investment Conference, he sat down with us and shared why advisors should actually be excited about technology.
Technology has so accelerated the pace of innovation that ideas quickly go from invention to widespread adoption. What’s driving this rapid change, and what are the implications for the global economy? Mark Casey has grappled with these questions for 17 years as an equity portfolio manager who covers U.S. internet companies from Capital Group’s San Francisco office.
The robots are no longer coming – they’re already here. And yes, they are after your job.
With money pouring into the financial technology sector and the proliferation of Internet-based advice platforms, the latest technological revolution is seizing the financial advice industry. And as with industries before, that technology comes with the fear of large-scale obsolescence. The question advisors face today: Will humans still have a role, or will technology usurp their position?