With FinTech becoming widespread, it may be hard to integrate all new technologies within a business. What this article, “Three Fintech Trends Worth Adopting” by Mitchell Caplan, does is suggest the top 3 essential financial technologies that will help financial advisors support their existing work and create a better relationship with their clients.
The three technologies suggested by the article include “holistic fintech evolution”, “planning and risk management integration”, and “customer experience priority.” Each of these categories connects to the integration of fintech into financial advisory. The first technology describes a way to see the big picture without using “roboadvisors.” What this article suggests is to use fintech as a way to assist the advisor rather than replacing the advisor with technology. The next fintech mainly connects to retrieving realtime information of “macro risks.” Lastly, the final fintech suggested is “customer experience priority” which advocates an easy interface to ensure transparency from the advisor to the customer.
These three technologies definitely have been on the rise since the development of fintech. It advocates a strong bond between a human advisor and client. With better prediction methods and transparency, it’s much easier to optimize investments which leads to a happy client.
http://www.financial-planning.com/opinion/three-fintech-trends-worth-adopting