Automated investment advice

South Africa’s asset management industry manages more than R7.8 trillion of the nation’s savings and investments, according to the Association for Savings and Investment South Africa. Every cent belongs to someone who worked for it and will rely on it at some point in the future.

To ensure that people’s investments and savings are well taken care of, the health and continued development of the local asset management industry is vital.

Proceed to Source : MoneyWeb

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AI disruption: Is robo-advisory a threat to financial planners?

The financial services ecosystem is witnessing a rapid technological change

From opening a bank account or buying an insurance policy to fighting cancer or even buying a pair of shoes, we are increasingly being helped or influenced by artificial intelligence (AI).

In Mumbai, designers Falguni and Shane Peacock used AI to create their latest collection. In Bengaluru, a startup is using AI to improve detection of breast cancer and also make treatment cheaper. And in the Tata Motors plant in Pune, a robot is skilled enough to do 30 different tasks — that’s artificial intelligence again.

The world around is changing much faster than we can imagine, and this six-part series goes behind the scenes to understand how.

Proceed to Source : Moneycontrol 

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