Looking at how an owner of a financial services firm can combat the effect of fintech on their practice by the correct use of strategy, ie Porter 5 Forces, PESTEL etc
I am looking at other possible angles on this and would appreciate any insight
can refer to
Robo advice - when machines manage your assets (Fintech #8)
Catastrophic! It's not the software that causes the problem as the strategies should be well thought out, it is the application of the processes and the management of subsequent issues that causes failure (big time).
My primary job is Fintech in all its manifestations and set up companies to achieve them (some successful other partial) but as far as Robo Advice is concerned I'd never go theire as the models supporting them are transitory and badly put together (not to mention the AI is not here yet as I've dabbled with all forms of Prolog and other software purporting to give abilities in thinking - Scala will be may next stop and I'll report back)
Thanks for your insight Stefan, the robo-advice aspect for financial services is certainly gaining ground, with a few of our major banks here is Australia adopting the process, hoping obviously to bypass intermediaries and to retain profit.
Interested in your thoughts moving forward.
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