FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Top 5 Robo Headlines of 2016

Diana AsatryanbyDiana Asatryan
December 23, 2016
in Banking
Reading Time: 2 mins read
0
Share on Facebook

canstockphoto2164283Partnerships, funding rounds, startups, acquisitions – robos have had a busy year. More and more companies jumped on the robo-advising bandwagon this year, while independent companies grew exponentially and snatched big-name partners.

While the current technology allows for a fully automated portfolio management system, we saw a lot of the large FIs rolling out cyborg versions: a hybrid advisory system, which combines fully automated algorithm-driven advice and certified (human) professionals that are typically available 24/7.

By 2020, it’s estimated robos will manage (or in sci-fi terms, have taken over) about $2.2 trillion of assets, experts say, which will potentially transform wealth management as we know it. The transformation is already happening today, so let’s look back at Bank Innovation’s top 5 robo headlines in the past year.

1. Fidelity to Launches Robo Advising This Summer

Fidelity Investments joined the digital wealth management pipeline at the end of July, launching its Fidelity Go product.

2. SigFig Deal Shows Banks Love Robo Advisors

It was a hot time for Sigfig, which snatched $40 million in overall funding from companies like Santander InnoVentures, Comerica, Eaton Vance, New York Life, UBS and venture capital firms Bain Capital Ventures, DCM, Nyca Partners, and Union Square Capital Ventures.

3. Is Human-Robo ‘Hybrid’ Advisory the Best Way to Manage Finances?

Don’t trust robots to run your investments? Neither do big FIs. The post argues that a compromise – combining the ability of a “robo” to consolidate data from multiple accounts with the human skill to tailor that data to each customer’s unique needs – will win it all.

4. SigFig Scores a Robo Deal with UBS

The announcement was one of the firsts for SigFig (followed shortly by the overall $40 million deal mentioned above), which partnered with UBS Wealth Management to create and customize digital tools for WMA’s 7,000 advisors.

5. Robos and Credit Cards Coming to Ally Customers Soon

The announcement came shortly after Ally completed the acquisition of TradeKing. The bank said it believes the new digital product will particularly appeal to its younger demographic of customers.  

Tags: Ally Financialrobo advisoryrobosSantander InnoVenturesSigFigUBS
Previous Post

Mobile Wallet Use to Grow Thanks to Popularity of Mobile Shopping, Says Study

Next Post

The Future of the Bank Branch [INFOGRAPHIC]

Related Posts

agentic
Banking

Glia launches 25 AI agents for customer service

August 12, 2026
Courtesy/Canva
Banking

Northrim Bank taps Narmi for AI-powered digital banking

August 12, 2026
Banking

Kiro Money develops AI financial guidance tool with credit union

August 11, 2026
Next Post

The Future of the Bank Branch [INFOGRAPHIC]

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account