Robo Advisors as a Use Case of AI Systems - FinTech Scotland

Robo Advisors as a Use Case of AI Systems - FinTech Scotland

In this paper, we explore the workings of robo-advisors as an example of AI-based systems. We discuss the performance and challenges of robo-advice, as well as offer reflections on how and why robo-advice as part of the broader fintech and financial services sector intersects practices in AI systems, regulation and compliance. We draw attention to the implications for explainable AI, the role of humans in the loop, compliance and business practi…