Financial Conduct Authority (FCA) chief executive Martin Wheatley has once again thrown his weight behind the idea of computerised advice, as he predicted a financial services future shaped by software developers, computer programmers and economists.
Speaking at a Lansons conference on Tuesday, Wheatley (pictured) heralded "a defining moment" for automated advice - a new priority for the regulator - as The Royal Society revealed on Monday a computer has for the first time passed its ‘Turing Test'. "Today, once again, we're having our expectations raised," Wheatley said, "In fact, we may yet look back on June 2014 as a defining moment in financial service history [...
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