The Changes Brought by 2008
10. Robo-Adviser as the Face of Digitization
Regulators enforced numerous measures in the financial market to avoid a repeat of the financial crisis – and the banks have been kept busy implementing those. Meanwhile, the fintech industry surged ahead and the banks risked missing the train. The robo-adviser is the face of the industry, a fully automated wealth manager, who offers his professional investment services at a fraction of what any bank can offer.
The old industry has caught up with the tech firms again and launched an alternative to the robotic adviser. The hybrid model is the combination of an investment machine combined with a human adviser to keep the contact with the customer.
11. Real-Estate Bonanza
Bad loans in the U.S. real-estate market prompted the financial crisis. The mood was somber in the industry after the bubble had burst but this was soon to change again. The low-rate monetary policy made residential housing so much cheaper that mortgage lenders entered the golden age.
