As long as AI stays a black box, many will be hesitant to trust it. When it comes to handling people’s money, this lack of trust becomes even more pronounced.
AI, especially the AI used in finance today, lacks the application of deep subject matter expertise to create the clean data and relationships that are the foundation of any successful investment strategy or AI.
In the same way online trading disrupted the distribution of investment advice, big-data analytics and machine learning will disrupt how financial advice and the research behind it is created.