Financial Robo-Advisor: Learning from Academic Literature

  • Eneng Nur Hasanah Institut Teknologi Bandung
    (ID)
  • Sudarso Kaderi Wiryono Institut Teknologi Bandung
    (ID)
  • Deddy P. Koesrindartoto Institut Teknologi Bandung
    (ID)
Keywords: Finance, Robo-Advisor, Systematic Literature, Bibliometric Analysis

Abstract

Financial Robo-Advisor is the technology that integrates machine learning and self-identification to determine investment decisions. This study explores the financial robo-advisor based on bibliometric analysis and a systematic literature review. The method used three steps: determining the keyword, bibliometric analysis of literature metadata using VOSviewer, then collecting and analysing the articles. The bibliometric analysis results show five cluster keywords defined with different colors. In the network visualization, the robo-advisor connects to other keywords: investment, fintech, and artificial intelligence. Furthermore, the systematic literature review shows that the articles are divided into seven research objectives: (1) Law, Regulation, and Policy; (2) Investment Literate and Education; (3) Offered Services; (4) Present Risk-Portfolio Matching Technology; (5) Optimal Portfolio Methods; (6) Human-Robo Interaction; (7) Theoretical Design and Gap. Furthermore, this study can be used by academicians and practitioners to find out about robo-advisors based on an academic perspective.

Author Biographies

Eneng Nur Hasanah, Institut Teknologi Bandung

School of Business and Management

Sudarso Kaderi Wiryono, Institut Teknologi Bandung

School of Business Management

Deddy P. Koesrindartoto, Institut Teknologi Bandung

School of Business Management

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Published
2023-02-14
How to Cite
Hasanah, E. N., Wiryono, S. K., & Koesrindartoto, D. P. (2023). Financial Robo-Advisor: Learning from Academic Literature. Jurnal Minds: Manajemen Ide Dan Inspirasi, 10(1), 17-40. https://doi.org/10.24252/minds.v10i1.33428
Section
Volume 10, No.1, 2023: June
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