The global banking & payments industry experienced an 11% rise in social media posts on robo-advice in Q1 2023 compared with the previous quarter, with the highest share accounted for Wealthfront, according to GlobalData’s analysis of social media posts. GlobalData’s Banking and Payments Predictions in 2023 – Thematic Intelligence report includes a detailed analysis of the impact of robo-advice and other key themes such as AI, conversational platforms, and cybersecurity on the banking and payments industry. Buy the report here.
Notably, cryptocurrencies was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions ahead of blockchain and financial wellness, according to GlobalData.
Of the 50 leading companies in the banking & payments industry, Wealthfront had the most mentions of robo-advice in Q1 2023. GlobalData identified 1,925 robo-advice-related posts in the industry's social media activity - 0.14% of all posts - and an increase of 11% in Q1 2023 compared with Q4 2022.
For further understanding of GlobalData's Banking and Payments Predictions in 2023 – Thematic Intelligence buy the report here.