This was a talk held at a London conference hosted by Altus Consulting Ltd on the 25 February 2016. A range of speakers spoke about the impact of introducing Robo Advice for customers who have fallen into the advice gap created by the RDR. Simon Bussy, Principal Consultant, Altus Consulting takes us on a journey from digital disrupters to data giants – Robo 1.0 to Robo 3.0
‘Robo Advice’ – whether you like the term or not – is high on the agenda in every boardroom across the financial sector. There have been some excellent events in the past 6 months which have discussed the current UK ‘robo’ market and the well-known players in the US. Altus would like to take you on a journey into the future – Where next for Robo-Advice? During the event we explored: What ‘robo advice’ really means in the UK. Key learnings and insights from overseas and home to help shape the propositions of the future. The Regulatory direction of travel – Project Innovate, the Regulatory Sandbox, FAMR, Euro legislation. Alternative business models: which models will win and which will fail to gain traction, as second generation propositions come to market? The potential opportunities and impacts of developments such as Gamification, Behavioural Psychology, External Data Sources, Big Data, Artificial Intelligence, Blockchain. Robo 3.0: evolution from Digital Disrupters to Data Giants – what does the future look like, and who are the likely players?
