Written by Financial Times
Simon Bussy, principal consultant with Altus Consulting, a UK-based firm, says: “These robo-advice businesses, which use sophisticated algorithms rather than highly paid humans to manage their customers’ investments across geographies and asset classes, are attracting significant venture capital in the US in the belief they are the answer to investors’ prayers.”
In a sector with so much complexity, to what extent is RegTech solving the real compliance issues facing financial services?
Half of the companies in the first wave of the Financial Conduct Authority's advice unit have either launched a low-cost advice service or will be doing so imminently.
Over the last ten years it has become increasingly possible to turn bright technology ideas into smooth, working, scalable solutions, writes founding director of Altus, Kevin Okell.