INVESTMENT TECH IN 2024: WHAT’S IN STORE?
Get ready, because by 2024, the world of investment technology is about to change big time! That’s right, according to experts, investor behavior is going to shift and that’s going to have a HUGE impact on how financial firms deliver their tech.
Check this out: lately, people are super interested in fixed income investments, but most mobile investment apps just can’t keep up. Only 25% of people in a study could even find bonds on an app, and forget about trading them! The exception is Fidelity Investments, which lets you buy a certificate of deposit. Sounds like a game changer, don’t you think?
But wait, there’s more. Experts are predicting that new technology is going to emerge as advisors try to attract younger, working folks with decent incomes. These guys want to be more hands-on with their investments, but they still want to connect with a financial advisor. Can the technology world keep up with these cool cats?
This new model, known as “wealth management as a service,” is going to shake things up for the big players in tech. It’s all about reaching a younger, smarter crowd who want sophisticated and mobile-first technology – and fast! Instead of months, these products could be delivered in weeks, thanks to cloud-based services. Isn’t that amazing?
So, what do you think? Are you ready for a tech revolution in the investment world? How will you adapt to the new changes coming our way in just a few years? Let us know in the comments!
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