What's the next step in financial planning's evolution? Look to the Fitbit

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26 July 2017
FinancialPlanning

Could clients soon receive financial advice in 30-second chunks via their wristwatch?

Not quite yet, but the potential to combine digital advice and big data is spawning an evolution in personal finance management apps that could soon upend how investment advice is delivered and consumed.

Wearable devices such as the Fitbit and Apple Watch have become increasingly seamless and nonintrusive in how they collect data, says Daniel Latimore, senior vice president of Celent's banking practice and author of a new report on how personal finance management apps are evolving. Personal finance management apps, also known as PFM apps, will follow a similar development path.

Click here to read the full article in Financial Planning

News article details

Sector
Banking, Corporate Banking, Retail & Business Banking
Media Type
In the News
Location
Asia-Pacific, EMEA, LATAM, North America