Cultivating AI Innovation in Robo-Advisory: Where to Begin?

Not too long ago, Robo Advisors were poised to create a remarkable US$1.2 Trillion industry in 2024, at least in the United States according to a CNBC article* citing analysts. Their growth in China was even more astonishing. But what halted their meteoric rise? To gain insights, let's delve into Dr. Di Xingsi's study titled 'Regulating Robo-Advisors and the Role of Fiduciary Duties' in this HKU FinTech Spotlight video.

Di explores the safeguarding of financial stability, security, and customer protection as AI reshapes finance. She tackle the challenges of applying fiduciary duties to AI-driven robo-advisors while comparing regulatory strategies in China and the U.S. She underscores the importance of mutual learning between these giants to establish a robust regulatory framework. The evolving financial landscape highlights the significance of consistent goals for protecting consumers and promoting innovation, ultimately unlocking the full potential of AI.

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Dr. Di Xingsi has been a valuable team member of the The University of Hong Kong Reg/Tech Lab Research and completed her doctoral study from the HKU Faculty of Law under the supervision of Professor Douglas Arner. She is currently an Associate Professor at the Guangzhou University - Faculty of Law. Follow Dr. Di on LinkedIn.

* Robo-advisors are growing in popularity. Can they really replace a human financial advisor? | CNBC Article by Greg Iacurci, 16 January 2022