The real future of financial planning [cherry_spacer size=”20″] Amazon’s Alexa [cherry_spacer size=”10″] I recently took part in an Amazon Alexa “hackathon” (a friendly “design” jamboree) that invited participants to “Invent the Next Generation of Alexa Experiences That Go Beyond Voice”. We were urged to create a skill that combines voice with rich sound, visuals, touch…
Immediate answers in a conversational format What is robo advice? Robo advice offers a low-cost alternative to financial advisors. They provide investors with advice about asset allocation, portfolio construction and tax reporting. Users complete an online questionnaire about their investment time frames and ability to handle investment risk and algorithms construct asset allocations based on…
New technologies for financial planning – Open banking What is open banking? Open banking allows some customers to securely share their banking data with third parties that have been accredited by Australian Competition and Consumer Commission (ACCC). These would typically be other banks who are automatically accredited and fintechs who need to apply. It is…
New technologies for financial planning – AI [cherry_spacer size=”20″] What is artificial intelligence (AI)? Artificial intelligence (AI) is human-like intelligence that appears to learn, reason, plan and perceive. At the heart of AI are algorithms which are rules like; “if this condition is true then execute the following instruction (code), else execute some other instruction.”…
New technologies for financial planning – Blockchain What is blockchain? Blockchain at it’s simplest is a database. It is a very big database, housed on a powerful server which itself can comprise thousands of computers. A blockchain database A blockchain database is a collection of “groups”, known as blocks, which contain information. This system makes…
