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Extraction Summary
3
People
4
Organizations
1
Locations
1
Events
3
Relationships
5
Quotes
Document Information
Type:
Conference summary report
File Size:
Summary
This document from a 2016 conference summarizes panel discussions on the future of the payments industry and robo-advisors. A survey indicates a belief that the payments industry will be controlled by large incumbent institutions enabled by innovative tech companies (59%). The document also covers the growth drivers for robo-advisors, such as a lack of quality advice for small investors and a desire for transparency, with market size predictions for the sector to surpass $1 trillion in assets.
People (3)
| Name | Role | Context |
|---|---|---|
| Eli Broverman | ||
| Randy Sternke | ||
| Vaughn Bowman |
Organizations (4)
| Name | Type | Context |
|---|---|---|
| BofA Merrill Lynch | ||
| Betterment | ||
| Alkanza | ||
| BofAML |
Timeline (1 events)
2016 Future of Financials Conference
Locations (1)
| Location | Context |
|---|---|
Relationships (3)
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Co-Founder and President of
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Vice President, Business Development at
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Director, Managed Solutions Channel Management at
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Key Quotes (5)
"What do you believe will be the structure of the payments industry in 5-7 years?"Source
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Quote #1
"the B2B opportunity is 7-10x larger."Source
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Quote #2
"Incumbent payment companies will only partner with a new FinTech company that can meet the safety and regulatory standards that the incumbent is required to meet."Source
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Quote #3
"the main drivers [for robo-advisors] include a lack of quality advice for investors with few assets, investors' beliefs that financial institutions are not aligned with their interests or transparent, and the fact that people want financial services to work as well as the other technology in their lives."Source
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Quote #4
"We surveyed the audience to gauge their views on the potential size of the robo advisor market and the most common answer was that assets will surpass $1T, followed by assets will hit $500B and then level out."Source
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Quote #5
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