Predictions of future robo-advice ‘premature’

Speaking on the FTAdviser podcast, Mr McNamara, chief executive of the fintech group Evalue, said companies that claimed to be robo-advisers at this point in time were “not the ultimate model” and would continue to evolve.

Mr McNamara, chief executive of the fintech group Evalue discusses with Ben Taylor, CTO of Rainbird, the issue of regulation and the challenges businesses faced within the robo-advice space.

Mr Taylor said: “Regulation will look very different depending on what type of robo-advice is being used. It might be that we’re using statistical methods to do some prior analysis of data to do future predictions. Regulating that would be a very different kettle of fish to regulating some sort of human type reasoning, which you could explain. It depends on the underlying technology and what the customer outcomes are expected to be.”

To read the full article, see Predictions of future robo-advice ‘premature’ on The FTAdviser.

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