Investment Banking

Oliver Wyman: What banks can learn from driverless cars

Reliable financial advice will soon be available to the mass market, but it remains unclear whether it will be banks or tech firms that will provide it

Oliver Wyman: What banks can learn from driverless cars
Photo: Andrew Lyons

Imagine it’s 2006. Which seems more likely to happen by 2018: the emergence of affordable and real-time financial advice, or a driverless car? And which would you consider more valuable?

Despite the fact consumers have been wary of self-driving cars, GPS, devices using live traffic updates, ride-hailing services, and autonomous vehicles continue to revolutionise travel. Yet easy, reliable financial advice remains unavailable to the mass consumer market.

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