Jurnal Minds: Manajemen Ide dan Inspirasi
Vol 10 No 1 (2023): June

Financial Robo-Advisor: Learning from Academic Literature

Eneng Nur Hasanah (Institut Teknologi Bandung)
Sudarso Kaderi Wiryono (Institut Teknologi Bandung)
Deddy P. Koesrindartoto (Institut Teknologi Bandung)



Article Info

Publish Date
14 Feb 2023

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.

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Journal Info

Abbrev

minds

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Jurnal Minds: Manajemen Ide dan Inspirasi is a scientific and open-access journal (CC-BY clearance), published by the Management Department of the Faculty of Islamic Economics and Business, Universitas Islam Negeri Alauddin Makassar, Indonesia. It is a bi-annual publication, i.e., by June and ...