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PitchBook Analyst Note: Optimizing Personal Finance via Automation

Q2 2021

PitchBook Analyst Note: Optimizing Personal Finance via Automation

April 22, 2021

PitchBook Analyst Note: Optimizing Personal Finance via Automation
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Autonomous finance represents the next iteration of personal financial management tools, according to PitchBook's latest analyst note. Using artificial intelligence, automated finance has the potential to provide consumers with a digital version of a private banker, financial advisor, and investment manager algorithmically combined into one service—all without the consumer's direct input. Among the takeaways:

  • Autonomous finance can help consumers better manage their financial health and performance.
  • There are two pathways to achieving full autonomous finance: centralized and decentralized.
  • Challenges to adoption include computing costs, consumer trust, regulations, and security/data integrity.
  • Autonomous finance could likely consolidate retail financial services around a few customer-facing providers.