Revolutionizing Robo-Advisors: Unveiling Global Financial Markets, AI-Driven Innovations, and Technological Landscapes for Enhanced Investment Decisions

Revolutionizing Robo-Advisors: Unveiling Global Financial Markets, AI-Driven Innovations, and Technological Landscapes for Enhanced Investment Decisions

Volume 9, Issue 2, Page No 33-44, 2024

Author’s Name: Marco I. Bonelli1, a), Jiahao Liu2

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1 Dr. Vishwanath Karad MIT World Peace University, Pune, 411038, India
2 Judge Business School, University of Cambridge, Cambridge, CB2 1AG, United Kingdom

a)whom correspondence should be addressed. E-mail:  Mibonelli6@gmail.com

Adv. Sci. Technol. Eng. Syst. J. 9(2), 34-44 (2024); a  DOI: 10.25046/aj090205

Keywords: Robo-advisors, Full-scale optimization, Digital twin, Natural language processing, Artificial intelligence

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Abstract

Robo-advisors, fundamental to the financial services sector, have undergone substantial technological metamorphosis. Innovations in artificial intelligence, blockchain, cloud technology, augmented reality, and virtual reality have reshaped the financial industry’s landscape. As automated investment solutions, robo-advisors are on the brink of further technological evolution. This comprehensive research amalgamates historical data, behavioral insights, and emerging market trends to provide technology-centric recommendations for the robo-advisory industry. Emphasizing the significance of a global perspective, the study explores the adoption of full-scale optimization in portfolio construction and the integration of digital twin capabilities. It delves into the burgeoning realm of Natural Language Processing facilitated by AI-driven chatbots in financial technology companies. These recommendations stand as pivotal pillars for steering the ongoing technological advancements of robo-advisors in the ever-evolving landscape of the financial sector.

Received: 05 November 2023, Revised: 05 March 2024, Accepted: 16 March 2024, Published Online: 20 April 2024

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