How to Build a Robo Advisor: Advice for Starting a Robo Advisory

MyPrivateBanking

With the tremendous growth in robo advisor assets under management (AUM), financial institutions are scrambling to figure out how to build and become a robo advisor.

Starting a robo advisor service combines financially savvy with big data analytics, as well as a comprehensive understanding to how robo advisors work.

How Do Robo Advisors Work?

Robo advisors are platforms that leverage algorithms to handle users' investment platforms. These services analyze each customer's current financial status, risk aversion, and goals. From here, they recommend the best portfolio of stocks available based on that data.

See the rest of the story at Business Insider

See Also:

• A UK marketplace lender is facing a potential lawsuit
• Several US banks have formed an open banking group
• Seven global banks have agreed to develop a digital trade finance platform