Technology otherwise known as Fintech is the mixture of financial services and innovative technologies designed to be more efficient. Legacy institutions and startups across the globe are using software to disintermediate traditional financial systems. These services and concepts provide customers with a frictionless environment to their everyday monetary and asset management. New innovations such as Bitcoin and its underlying blockchain technology have been a big part of this evolution in finance. Technologies that don’t need human interaction any more such as robo advisors who can now provide wealth management based on algorithm managed portfolios. These protocols and concepts will pave the way to a progressive future. Consulting firm A.T. Kearney believes robo advisory will rise in popularity in the near future as the company told CNN Money:
“Robo-advisory services will become mainstream over the next three to five years,”
http://www.livebitcoinnews.com/q1-2016-blockchains-robo-advisors-and-fintech-raise-4-9-billion/
