FCA: Debt management a 'promising domain' for robo-advice

'Improved borrower repayment decisions'

Julia Bahr
clock • 3 min read
FCA: Debt management a 'promising domain' for robo-advice

A simple automated robo-advice tool significantly improved borrower repayment decisions in a randomised controlled trial, according to research from the Financial Conduct Authority (FCA) economists.

The FCA conducted a robo-advice experiment online, with nearly 3,500 participants representative of the UK population. According to the analysis, many individuals reported they were willing to p...

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