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70% of Consumers Open to Computer Generated Advice for Investing and Insurance
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70% of Consumers Open to Computer Generated Advice for Investing and Insurance

70% of Consumers Open to Computer Generated Advice for Investing and Insurance

Fintech Nexus Staff·
FintechNews Roundup
·Jan. 12, 2017·1 min read

A new report by Accenture shows that seven out of 10 consumers would welcome exclusive robo-generated advice for investing and insurance needs; not all is lost for the human experience; 68% of consumers would still want to interact with a human for complex financial needs like a mortgage or to help solve a problem; the main reasons given for this shift are computers are seen to be less biased, they make services cheaper and the tasks are done faster; additionally, the report showed that consumers were willing to share their data if they thought a non traditional provider could be faster and cheaper.  Source

  • Fintech Nexus Staff
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