Automated and artificial intelligence-based propositions across the sector will be delighted to see the term 'robo-adviser' has made it onto the Oxford Dictionary's website.
A ‘robo-adviser' (noun) has been defined by Oxford Dictionaries as "an online application that provides automated financial guidance and services", while the example sentence reads: "a robo-adviser programmed to build wealth over a decade". The website focuses on current language and practical usage and frequently updates the latest popular words. The Financial Conduct Authority (FCA) may rarely be considered a trend-setter, but it may have helped pave the way for the growth of robo-advisers in the UK. When the regulator's then-chief executive Martin Wheatley stood in front of an a...
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