{"id":15775,"date":"2021-02-16T15:15:02","date_gmt":"2021-02-16T15:15:02","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=15775"},"modified":"2021-02-16T15:15:02","modified_gmt":"2021-02-16T15:15:02","slug":"robots-more-trusted-than-humans-to-manage-finances","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/robots-more-trusted-than-humans-to-manage-finances\/","title":{"rendered":"Robots More Trusted Than Humans to Manage Finances"},"content":{"rendered":"<p>Oracle has published the results of a new study of more than 9,000 consumers and business leaders in 14 countries. The overall conclusions of the study are fascinating, to say the least.<\/p>\n<ul>\n<li>The pandemic has created financial anxiety, sadness and fear among people around the world.\n<ul>\n<li>Financial anxiety and stress increased by 229% among business leaders.<\/li>\n<li>Consumer financial anxiety and stress more than doubled.<\/li>\n<\/ul>\n<\/li>\n<li>Robots are now seen as a better way to manage finances.\n<ul>\n<li>70% of consumers and business leaders trust a robot more than a human to manage finances.<\/li>\n<li>79% of business leaders trust a robot more than themselves to manage finances, and 60% of consumers trust a robot more than themselves to manage finances.<\/li>\n<\/ul>\n<\/li>\n<li>The role of finance teams and financial advisors will never be the same again.\n<ul>\n<li>64% of business leaders and 47% of consumers believe robots will replace corporate finance professionals in the next 5 years.<\/li>\n<li>92% of business leaders and 43% of consumers want help from robots for finance tasks.<\/li>\n<\/ul>\n<\/li>\n<li>Our relationship with money has changed; it\u2019s time to embrace artificial intelligence (AI) to manage finance.\n<ul>\n<li>87% of consumers say the pandemic has changed the way they buy goods and services.<\/li>\n<li>90% of consumers say the events of 2020 have changed how they feel about handling cash.<\/li>\n<li>83% of business leaders have invested in digital payment capabilities, and 68% have created new forms of customer engagement or changed their business models in 2020.<\/li>\n<li>63% of organizations are already using AI to manage financial processes.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Access the full Oracle report <a href=\"https:\/\/www.oracle.com\/erp\/ai-financials\/money-and-machines\/\">here<\/a>.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-15775 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='First-ever open banking service to help people get out of debt'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/first-ever-open-banking-service-to-help-people-get-out-of-debt\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/06\/first-ever-open-banking-service-to-help-people-get-out-of-debt-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-12980\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12980'>\n\t\t\t\tFirst-ever open banking service to help people get out of debt\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Banking for Modern Couples'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/banking-for-modern-couples\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/03\/77b23e65-890f-420e-940b-a7cea2a2998f1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-15874\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15874'>\n\t\t\t\tBanking for Modern Couples\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='MasterCard and IBM create Truata, an independent data trust'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/mastercard-and-ibm-create-truata-an-independent-data-trust\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/03\/future-abstract-technology-background_1406-110-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-9282\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-9282'>\n\t\t\t\tMasterCard and IBM create Truata, an independent data trust\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Oracle has published the results of a new study of more than 9,000 consumers and business leaders in 14 countries. The overall conclusions of the study are fascinating, to say the least. The pandemic has created financial anxiety, sadness and fear among people around the world. Financial anxiety and stress increased by 229% among business &hellip;<\/p>\n","protected":false},"author":12,"featured_media":15776,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"class_list":["post-15775","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-fintech","category-international-fintech","bulletin_edition-02_february","bulletin_edition-fintech-2021","b_post_type-bfc-recommends"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=15775"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15775\/revisions"}],"predecessor-version":[{"id":15778,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15775\/revisions\/15778"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/15776"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=15775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=15775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=15775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}