UAE Robo-Advisory in Wealth Management Industry Research Report to 2027: Ken Research
1. Advent of Robo-advisers in the Middle East region has encouraged savings, improved investor decisions, democratized investing & promoted financial inclusion.
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Using advanced client-featuring, such as intuitive & comprehensive dashboards & intelligent portfolio recommendations along with an increased focus on leveraging big data analytics, gaining insights about client diversity, client behavior, financial attitude & investment motivation will help the market grow further. Wealth Management companies are looking to develop several features offered by FinTechs to support financial advisors, altogether helping the market grow.
2. Lot of pre-existing wealth management of Middle-East are primarily focused on high & ultra-high net-worth individuals, providing opportunity for Robo Advisors to fill the gap.
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The increased use of technology is transforming businesses around the world & is clearly having a major impact in MENA region. With one in three wealth managers expect the number of digital-only solutions to increase dramatically by 2025. All types of bank customers including millennials are interested in a digital investment experience. Thus, regardless of age, income, or gender, Bank customers would be likely to consider a Robo advice service from their bank in future
3. Robo-Advisers appear to be making it easier for people to invest with automating trading decisions, eliminating human emotions, very low fees & no minimum balance requirements.
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Digitalization in financial services, fascination towards capital market, low fees models, low minimum investment requirement, rise in Tech-Savvy population, and changing investor preferences all together drive UAE Robo-Advisory in Wealth Management Market. Next digital generation could establish more elaborate solutions to model customers’ preferences & enable higher customization of investment portfolio in a fully automated process.
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