How will Investment Advice and Portfolio Management in a digital age look like? Based on Fincite.CIOS, ABN AMRO and Fincite have implemented an Automated Advice Engine that empowers investment advisors to work more efficiently, follow compliance requirements but above all offering more time to give the best advice to their clients. The solution had its Go-Live end of 2018 and will be rolled out in several countries within the ABN AMRO Group.
As the leading FinTech Conference in Europe, the Finovate is an excellent platform to showcase leading innovations. Maarten Heyboer (Business Developer for Investments at ABN AMRO) points out: “Automated Advice allows our investment advisors to quickly provide accurate financial advice and individually optimise portfolios providing a completely new User Experience for our Advisors and Customers. Further, the partnership with Fincite is an exemplary showcase of how cooperation with a FinTech and agile development processes leads to fast and high-quality outcomes for a large corporate like us; ABN AMRO.”
Friedhelm Schmitt (Co-CEO of Fincite GmbH) states: “Financial Advice is becoming more and more complex by the day. Financial Advisors spend more time on regulatory and compliance tasks instead of doing what they can do best: giving advice. This leads to the situation where people end up being, what we call, “financially under-advised”. Technology can help to solve some of the biggest financial problems we as a society face. Well-used it can improve portfolio performance and diversification, increase individuality in advice, ensure compliance and close retirement gaps. ABN AMRO is sharing this vision. Thus, our successful partnership is an amazing case of product innovation based on our CIOS-Engine.”