How Responsive AI and FinTech Will Change Your Life
Who do you trust? As we become more aware of the corruption in various institutions, our faith begins to waiver and we start to wonder who we can trust with our assets. At the same time, we have greater technology available to us, changing so many of our options from what previous generations had.
If, like many people, the 2008 financial crisis left you feeling very wary about the big banks and the people watching over your finances, Artificial Intelligence (AI) might be your ideal option. By adding technology to the financial field, data can now be processed and analyzed quicker and at greater levels, and the element of human error is removed. No longer do you have to worry about an insurance misunderstanding causing you to lose your life savings or competing clients causing your investor to push aside your portfolio and extend your wait time.
That being said, many of the current robo-advisors are operating on a safe (and aging) technology system that can’t necessarily react to the changes in the market. Yes, you are getting many of the benefits that come from letting technology filter the data, but the lack of a human element carries major dangers should the market do something unpredictable.
There is a better way. If you don’t feel comfortable handing control fully over to robo-advisors or don’t trust that system, Responsive is your perfect match. Why? Responsive’s system differs from the one used by conventional robo-advisors. Most importantly, its system will shift to work with the changes in the market, preventing its customers from suffering losses due to market dips.
A new type of investment management service, the company is an independent firm that operates on a fee basis, ensuring you will never be pressured into unwise choices by consultants blinded by the potential commission. Clients have online access to their accounts through a registered custodian, easily accessible via the Responsive site.
In fact, Responsive is ideal for customers who aren’t quite ready to completely hand financial control over to machines. The company operates a partner program that means you can maintain your current advisor’s services while also testing out what the new technology has to offer.
As technology changes society and the way it does day-to-day business, people and businesses have to learn to adapt to the new ways or risk falling behind. Finding the right company that makes you feel safe and comfortable as you explore the new normal technology has brought is very important. Once that happens, you will get to see the wondrous things FinTech and AI can do to improve your life.