Deutsche Bank Launches Robo-Advisor to Help with Investment Decisions

Deutsche Bank has introduced an automated tool dubbed AnlageFinder to help online investors make investment decisions in accordance with their preferences for asset classes, risk appetite, and their ultimate investment goals.

The tool was developed in partnership with Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term company fincite. Initially, it will only be available online but early next year an app version of it will become available, Deutsche Bank said. New features to the tool will also be added in the future.

Customizable investment options

The tool works by asking an investor a series of questions, aiming to establish their risk appetite, investment goals, and the investment terms they prefer. Based on these, the robot compiles an opportunity/risk profile, which creates the basis for a selection of investment choices.

AnlageFinder then offers the investor a set of investment options in the form of groups of asset classes, customized according to preferences. These investors can either use as they are or tweak to suit their needs better. Investors can input conditions such as rating, product cost, and performance, for the assets they are interested in.

The tool improves and facilitates decision-making

Commenting on the launch, Deutsche Bank’s Chief Operations Officer for private and business clients, Markus Pertlwieser, said: "With our AnlageFinder robo-advisor, clients can professionally put together their portfolios and optimise their investment outcomes with just a few clicks.”

Growing trend

Robo-advisors are a growing trend, as retail investors seek customizable, easy-to-use solutions. A growing number of financial service providers are getting on this wagon, which is in fact just one of the many that are traversing the banking world – automated solutions that lower costs, offer unique experiences and undermine the fundamentals of traditional banking.