Revenues generated by robo-advice platforms could hit $25bn by 2022, according to a study from Juniper research. The figures would represent more than a ten-fold increase on 2017 robo-advice revenues, which accounted for roughly $1.7bn. “While the majority of consumers are still unaware that they can get help with their financial problems, there is an increasing number of people who have been turned off traditional banks and credit cards because of concerns
Revenues generated by robo-advice platforms could hit $25bn by 2022, according to a study from Juniper research. The figures would represent more than a ten-fold increase on 2017 robo-advice revenues, which accounted for roughly $1.7bn. The study also estimates assets under management on robo-advice platforms could rise to $4.1tn by 2022, up from $330bn in 2017.