Brokers see fintech such as AI/Robo-advice as the biggest technological threat to their businesses

Industry News | 16/05/19

United Trust Bank’s latest ‘Broker Sentiment Poll’ has revealed that nearly 9 out of 10 (84%) brokers believe that advances in technology over the next five years are going to have a major impact on their businesses. 59% of the respondents, brokers and introducers working in the fields of property and asset finance, believe that advances in AI and ‘robo-advice’ technology could present the biggest digital threat with Open Banking and Crypto Currencies in 2nd and 3rd places.

Source: Bridging Loan Directory