Critical factors influencing the adoption of Robo-Advisors PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Critical factors influencing the adoption of Robo-Advisors PDF full book. Access full book title Critical factors influencing the adoption of Robo-Advisors by Michael Rögele. Download full books in PDF and EPUB format.
Author: Michael Rögele
Publisher: GRIN Verlag
ISBN: 3346227219
Category : Business & Economics
Languages : en
Pages : 97
Get Book Here
Book Description
Master's Thesis from the year 2020 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,3, , language: English, abstract: This study aims to identify the current state of adoption in German banks and critical factors for traditional institutes that need to be considered when it comes to the implementation of Robo Advisory solutions. Data were collected via a questionnaire that was filled by banking employees in Germany. Factor Analysis revealed the result that selection criteria are a very important factor for banks when they decide to acquire a Robo Advisory company or cooperate with such a Fintech firm. Especially characteristics like the performance, reputation, willingness to share sufficient information and technological capability of a Robo Advisory company need to be considered. The study also revealed that the IT-infrastructure of traditional banks is often not compatible with the technology offered by Robo Advisors. This can lead to problems in the integration process and need to be an aspect in the initiation phase of such a project. Robo Advisors are one example of Fintech companies that recently have moved into the financial industry and challenge traditional banking institutes with their business models. Mostly, Fintech companies are only operating in one field of banking and try to attract customers via internet-based offers that focus on simple user interface, efficiency, transparency and automation. Robo Advisors are companies offering automated financial investment tools and can therefore be located in the segment of asset management and investment. Relevant literature has stated the need for traditional banks to react in form of cooperation with such companies, acquisition of Robo Advisors or creation of own automated investment solutions.
Author: Michael Rögele
Publisher: GRIN Verlag
ISBN: 3346227219
Category : Business & Economics
Languages : en
Pages : 97
Get Book Here
Book Description
Master's Thesis from the year 2020 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,3, , language: English, abstract: This study aims to identify the current state of adoption in German banks and critical factors for traditional institutes that need to be considered when it comes to the implementation of Robo Advisory solutions. Data were collected via a questionnaire that was filled by banking employees in Germany. Factor Analysis revealed the result that selection criteria are a very important factor for banks when they decide to acquire a Robo Advisory company or cooperate with such a Fintech firm. Especially characteristics like the performance, reputation, willingness to share sufficient information and technological capability of a Robo Advisory company need to be considered. The study also revealed that the IT-infrastructure of traditional banks is often not compatible with the technology offered by Robo Advisors. This can lead to problems in the integration process and need to be an aspect in the initiation phase of such a project. Robo Advisors are one example of Fintech companies that recently have moved into the financial industry and challenge traditional banking institutes with their business models. Mostly, Fintech companies are only operating in one field of banking and try to attract customers via internet-based offers that focus on simple user interface, efficiency, transparency and automation. Robo Advisors are companies offering automated financial investment tools and can therefore be located in the segment of asset management and investment. Relevant literature has stated the need for traditional banks to react in form of cooperation with such companies, acquisition of Robo Advisors or creation of own automated investment solutions.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Amalija Pucko
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
After the Global Crisis in 2008, investors started seeking new ways of protecting their wealth. With decreasing trust in financial institutions, alternative solutions for obtaining financial advice emerged in digital shape in the U.S. Robo-advisors are low-cost online services that provide fully automated investment advice aimed at affluent Millennials. Since it does not involve human advice, and due to its rapid growth in the past couple of years, this technology has been classified as a disruption for the traditional financial services. The research questions of the paper are as follows:How will Robo-Advisors impact the traditional investment advice? What is the potential for adoption of Robo-Advisors and what are the crucial determining factors?Research has shown that Robo-advice will become mainstream within the next decade. It will not completely disrupt human-based investment advice, but reshape the industry and ease the process of optimizing investments. Results of the empirical study conducted among students from three European countries have shown that the potential for adoption of Robo-advisors is influenced by cultural differences, digital literacy, and economic factors. Also, students who were more risk-averse tended to be unwilling to adopt the technology due to perceived lack of control over financial decisions and lack of human-based advice.*****After the Global Crisis in 2008, investors started seeking new ways of protecting their wealth. With decreasing trust in financial institutions, alternative solutions for obtaining financial advice emerged in digital shape in the U.S. Robo-advisors are low-cost online services that provide fully automated investment advice aimed at affluent Millennials. Since it does not involve human advice, and due to its rapid growth in the past couple of years, this technology has been classified as a disruption for the traditional financial services. The research questions of the paper are as follows:How will Robo-Advisors impact the traditional investment advice? What is the potential for adoption of Robo-Advisors and what are the crucial determining factors?Research has shown that Robo-advice will become mainstream within the next decade. It will not completely disrupt human-based investment advice, but reshape the industry and ease the process of optimizing investments. Results of the empirical study conducted among students from three European countries have shown that the potential for adoption of Robo-advisors is influenced by cultural differences, digital literacy, and economic factors. Also, students who were more risk-averse tended to be unwilling to adopt the technology due to perceived lack of control over financial decisions and lack of human-based advice.
Author: Gleb Romanchuk
Publisher: GRIN Verlag
ISBN: 3668931321
Category : Business & Economics
Languages : en
Pages : 74
Get Book Here
Book Description
Master's Thesis from the year 2019 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,3, Berlin School of Economics and Law, language: English, abstract: The purpose of this work was to find out whether Fintechs are able to compete with Banks in the field of Asset Management. Companies providing Robo Advisory services are considered to be the banks of the future. Several interviews with companies working in this field have been conducted to investigate if the algorithms are prepared for the next financial crash. This work contains 7 chapters, starting with the motivation and research question. Sec-ondly, the general situation on the market will be described, including the changes of customer behavior. This serves the purpose to give an understanding about the current market conditions. Thirdly, the banking sector will be described, considering definitions and regulations. In this work the focus will be on the German market, therefore, con-sumer behavior and details about the German retail banking industry are relevant. Sub-sequently, chapter 4 deals with asset management and the new trends in the industry. Chapter 5 describes the development of the fintech industry. Definitions and regulations of the fintech companies are part of this chapter. In chapter 6 the scientific investigation will be conducted and presented. The results will show how stable the new technologies are, in order to give an outlook for the future in the next chapter. Prospects for the future of retail banking and especially asset management will be mentioned in chapter 7. General current trends and forecasts are also part of this chapter. Since only limited literature is available about the fintech industry and especially robo advisory, the investigation part includes a qualitative approach with interviews that have been conducted with qualified specialists that work or research in the robo advisory industry. The question of whether and how the robo advisors will survive the next fi-nancial crisis, is topic of the interviews. There has been no financial crisis that might have caused unforeseen problems for the systems, ever since the creation of robo advi-sory. Thus, it is unknown how those technologies will react to chaotic market situations. The idea was to ask companies to what extent they are prepared for a financial crisis. The findings of this investigation will deal with the possible future outline of those fintechs providing algorithm-based asset management. The question about the security framework has been answered with a view to examining the future development of the robo advisory industry.
Author:
Publisher: GRIN Verlag
ISBN: 3346878430
Category : Business & Economics
Languages : en
Pages : 22
Get Book Here
Book Description
Academic Paper from the year 2022 in the subject Economics - Finance, grade: 1,7, International School Of Management, Campus Frankfurt, language: English, abstract: This term paper will evaluate Robo Advisors as a product and examine, the business model in comparison to the classical retail banking approach. To do this, the term retail banking will be explained in chapter two. Subsequently, in chapter three, Robo Advisors will be first described in general, then viewed as a product and finally critical evaluated. In chapter four, the last chapter, the Robo Advisor ROBIN of Deutsche Bank will be described. In connection with the current trend to invest money in passive investment products, a lot of private investors used Robo Advisors to build a portfolio and get the portfolio managed. A Robo Advisor is an online portfolio management solution, utilizing mathematical algorithms to make investment decisions. Robo Advisors primary invest the customers money in Exchange Traded Funds (ETFs).
Author: Kevin Schmit
Publisher: GRIN Verlag
ISBN: 3668881170
Category : Business & Economics
Languages : en
Pages : 96
Get Book Here
Book Description
Master's Thesis from the year 2018 in the subject Business economics - Investment and Finance, grade: 15/20, , course: International Business Management, language: English, abstract: Nowadays, technology develops faster than ever before and is increasingly being used in our everyday life.That’s why westand on the brink of the fourth industrial revolution. One of the economic sector that has been the most impacted by technological opportunities is the financialsector.Followingthe economic crisis of 2008, the financial landscape started to change, which resulted in client lossoftrust in established financial institutions.Thus, alargenumber of newentrants began offering clientfacing digital financial tools. Meanwhile, traditional wealth managers were toooccupiedby meeting regulatoryrequirements and were facing the crisis complexities, new types of firms saw an opportunity to leverage theirtechnologicalcapabilities for delivering fasterand cheaper investment methods to financial professionals. Indeed, technological financial firms, more knownunderthe term „Fintech“, have really taken offsince the financial crisis of 2008.
Author: Shahnawaz Mian
Publisher: GRIN Verlag
ISBN: 3389013733
Category : Business & Economics
Languages : en
Pages : 27
Get Book Here
Book Description
Bachelor Thesis from the year 2017 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,0, University of Tubingen, course: Bachelorseminar in Bankmanagement, language: English, abstract: This text was translated with the help of AI and reviewed by the GRIN editorial team. This study examines whether Robo Advisors in Germany have the potential to displace traditional investment business in retail banking. Fintech startups are currently shaping the digital transformation in the banking sector significantly. While banks have lagged in innovation in investment business, fintechs have emerged with digital business models for retail customers' asset management. These so-called Robo Advisors aim to challenge banks' market share in investment business and offer customers a more attractive alternative for their asset management.
Author: Volker Nissen
Publisher: Springer
ISBN: 3319959999
Category : Business & Economics
Languages : en
Pages : 423
Get Book Here
Book Description
This book brings together cutting-edge research on consulting in a single volume, thus helping to make the state-of-the-art in the field of consulting research more accessible, to promote better practices in business, and to spark further research. The respective articles approach consulting from very different angles, taking into account various approaches for and fields of consulting, consulting providers, clients and markets, as well as technologies and trends. The book will benefit all consultants who want to critically reflect on their own methods and approaches in light of recent scientific findings. It also offers a helpful guide for students in Management and IT-related courses who are either considering a career in consulting or want to be informed consulting clients. Lastly, the book provides a comprehensive review of current developments and trends in consulting that will foster future contributions in this important research field.
Author: El Bachir Boukherouaa
Publisher: International Monetary Fund
ISBN: 1589063953
Category : Business & Economics
Languages : en
Pages : 35
Get Book Here
Book Description
This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.
Author: Söhnke M. Bartram
Publisher: CFA Institute Research Foundation
ISBN: 195292703X
Category : Business & Economics
Languages : en
Pages : 95
Get Book Here
Book Description
Artificial intelligence (AI) has grown in presence in asset management and has revolutionized the sector in many ways. It has improved portfolio management, trading, and risk management practices by increasing efficiency, accuracy, and compliance. In particular, AI techniques help construct portfolios based on more accurate risk and return forecasts and more complex constraints. Trading algorithms use AI to devise novel trading signals and execute trades with lower transaction costs. AI also improves risk modeling and forecasting by generating insights from new data sources. Finally, robo-advisors owe a large part of their success to AI techniques. Yet the use of AI can also create new risks and challenges, such as those resulting from model opacity, complexity, and reliance on data integrity.
