When Ryanair started operating in 1985 out of Waterford airport in Ireland with a single plane that could seat just 15 people, it hardly seemed that it would upend the world of air travel. Equally, when the first startups began operating robo-advisory services in Europe, they hardly seemed likely to upend the world of asset and wealth management.
But there are clear parallels between the growth of low-cost airlines and the growth of the technology covered in this issue of Fintech News. And it is a reassuring comparison for asset management firms - and potentially consumers as well.