FMA thinks hard about tech disruption in strategy refresh

Tue, 14 Feb 2017

By Paul McBeth Feb. 14 (BusinessDesk) - The Financial Markets Authority is bracing for rapid changes as a result of technology advances with automated financial advice, known as robo-advice, the most obvious candidate. In a refresh of its strategic risk outlook, the market watchdog anticipates advances in technology will provide significant benefits to consumers through cheaper transactions, lower business costs, better product comparison and a broader range of available services. However, those will be accompanied by the risk of relying...

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