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HCL Technologies

Robo Meets Human

Robo Meets Human

Robo-advisor provides online automated assistance on financial services through algorithms. Given their trust in state-of-the-art technology and automated interfaces, millennial customers were the initial targeted client segment for the application. Currently, next gen and baby boomers segments are being explored as possible clients.

Robo-advisors take decisions based on algorithms and they are more suitable for conservative models - high-risk investment portfolios will require additional human intervention.

However, machine learning technologies are rapidly advancing and will soon address mature investment requirements like traditional asset managers.

Gradually, traditional portfolio management services and Robo-advisors will synergize, enabling professionals to expand their businesses while optimizing costs.