Seize the day: Harnessing technology's consumer benefits

Reduce costs, improve financial education and boost inclusion

clock • 3 min read

Across industries, we see clear examples of firms that have forged ahead by harnessing technology in empowering, engaging ways. In the advice industry is no exception. The potential is clear, writes Piers Lawson

In a speech at the Imperial College Business School in January, Financial Conduct Authority chief executive Nikhil Rathi explored both the benefits that consumer technology offers the financial services sector and the dilemmas it can create.   The speech recognised the need to embrace innovation and to make sure the benefits of big data extend beyond 'big tech'. However, Rathi sounded a note of caution about the risks that come with rapid technology adoption - not all of which can be completely mitigated by regulation. As with anything, technology can be a double-edged sword. Many of ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Technology

Technology and vendor consolidation: A recipe for growth

Technology and vendor consolidation: A recipe for growth

From cost-cutting to strategic simplification

Russell Andrews
clock 02 February 2026 • 4 min read
Need financial guidance? There's a bot for that

Need financial guidance? There's a bot for that

Generative AI-powered bots or agents could be key to democratising financial guidance, writes Paul Muir

Paul Muir
clock 27 January 2026 • 4 min read
What advisers want from technology providers

What advisers want from technology providers

Innovation, or for things to just work better?

Professional Adviser
clock 23 January 2026 • 1 min read