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Investment is no longer the exclusive domain of investors. Increasingly sophisticated tools are coming on the market that are giving everyone access to investment capabilities that used to be confined to institutions and financial professionals.
My guest today is Alokik Advani, managing partner of Fidelity International Strategic Ventures – or FISV – the CVC unit of asset manager Fidelity International.
We talk about this growing democratisation of wealth management, the kinds of new platforms that are coming out to help people make financial decisions and how that is set to change the asset management landscapes, but how these also need to come with robust regulatory and educational support to keep users safe.
Advani also talks about how startup innovation is a crucial way to renovate the legacy infrastructure, the “pipes and plumbing” as he calls it, of the financial service industry, whether through better data management, or compliance, or automation or any number of other things, as well as how AI has transformative potential in fintech, but is likely to be used in tandem with human input for the foreseeable future.
We also touch on how he believes the trend of the institutionalisation of digital assets is set to continue at the infrastructure level, despite what’s been a crypto winter, and how, while it used to be the case that regulators tended to lag behind technology advancement in fintech, that is not necessarily the case anymore, among many other topics.