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Business & Information Systems Engineering
Published in: Business & Information Systems Engineering 1/2018

22-01-2018 | Catchword

Robo-Advisory

Digitalization and Automation of Financial Advisory

Authors: Dominik Jung, Verena Dorner, Florian Glaser, Stefan Morana

Published in: Business & Information Systems Engineering | Issue 1/2018

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Excerpt

‘Banking is necessary, Banks are not’ is a famous quote from Microsoft founder Bill Gates, which characterizes the wide debate of the increasing digitalization of banking (Alt and Thomas 2016). The first wave of digitalization has changed many aspects of everyday life and existing business models have been challenged and partially replaced (Alt and Thomas 2016; Praeg et al. 2015). The second wave of digitalization has shifted the focus towards smart services based on algorithms and intelligent software to increase the degree of automation. Consequently, the interest of banks and insurances in digital financial advisory services (also referred to as “robo-advisory”) is rising (Praeg et al. 2016, Jung et al. in press). …
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Metadata
Title
Robo-Advisory
Digitalization and Automation of Financial Advisory
Authors
Dominik Jung
Verena Dorner
Florian Glaser
Stefan Morana
Publication date
22-01-2018
Publisher
Springer Fachmedien Wiesbaden
Published in
Business & Information Systems Engineering / Issue 1/2018
Print ISSN: 2363-7005
Electronic ISSN: 1867-0202
DOI
https://doi.org/10.1007/s12599-018-0521-9

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