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Tamir Zoltovski Explaining Robo-Advisors Application in Fintech

The use of Robo-advisors in Fintech will provide efficient financial advice and automate asset management, savings, and insurance claims processing. It can help investors and financial services in the following ways:

Consumer On-Boarding

One of the key features of a Robo-advisor in fintech is automated consumer onboarding. Robo-advisors assemble important data such as individual information, investment goals, and experience in wealth management via a thorough questionnaire.

After obtaining all the required information, they analyze them using deep learning. They assess finances, risk tolerance, and investment policies to maximize gains. Based on the right analysis, Robo-advisors form customized portfolios. Robo-advisors provide important wealth management advice and suggest investment approaches and services for clientele.

Asset Share

Asset share is the procedure of choosing appropriate investment strategies based on a user’s risk tolerance. Robo-advisors use predefined algorithms to find out the kind of asset share. For instance, higher portfolio risk is perhaps more effective for investing in stocks whereas, lower portfolio risk is perhaps best for investing in fixed-income products.  

Robo-advisors in fintech can be helpful in rebalancing asset shares. A consumer’s exact percentage of investment in stocks and fixed incomes can be modified because of factors like reinvestment of dividends. Then, the consumer may wish to rebalance their asset share.

Stability Projection

Robo-advisors in Fintech can guess and forecast how the portfolio balance of a consumer would look if they invested according to the planned strategies. For this, Robo-advisors study investment strategies and possible risks to know their blow on personal finances in the future. They can form portfolio balance data more visually attractive by showing a balanced curve based on mathematical function growth of static development.


Choosing the appropriate investment policy and filing insurance claims can be highly complex. Generally, insurance policyholders might contact an insurance agent to claim the insurance. Furthermore, insurance claims processing needs numerous documents and the entire procedure can be time-consuming and tiresome.

Right from choosing insurance policies to giving insurance claims, the use of Robo-advisors in fintech can make things easier. They ask a sequence of questions to possible policyholders for assembling important data. With the help of gathered data, Robo-advisors can recommend personalized insurance policies to customers.

Moreover, in case a consumer already has insurance coverage, then they can help to change to a similar insurance policy and save a refund, if possible. Robo-advisors can also acknowledge insurance claims and process them separately. This claims processing way can be faster than the conventional one. Some Robo-advisors have been renowned for progressing and paying claims within seconds.

You May Like to Read: How Much Does It Cost to Create a Fintech App?

Retirement Arrangement

Arrangement after retirement is an important aspect of wealth management that needs various documents for balancing taxes, managing income needs, and estate protection. While considering high net-worth individuals, this entire procedure remains complicated because of various business investments and assets. Hence, everyone requires a financial advisor like Tamir Zoltovski (co-founder of Moneta International UAB) for retirement planning.

The introduction of Robo-investors in fintech can ease the process of retirement planning. They can simply access each user’s portfolio to get a correct estimate of their finances. Robo-advisors can evaluate market trends to recommend an approach that would ensure maximum profit.

Estate Planning

Estate planning is a difficult process that involves getting ready for probate, legacy, disabilities, asset protection, and tax planning. Estate owners need to assess the value of several assets that they own and choose the power of attorney for this process.

It can be highly difficult for high net-worth individuals, who own numerous valuable assets, even financial planners and attorney charges remain another issue during estate planning.

The introduction of Robo-advisors in fintech can simplify the whole estate planning process. They can evaluate each user’s portfolio to assess the value of their estate. After a precise assessment, Robo-advisors can help in making wills to ease the process.

Besides, Robo-advisors can recommend an appropriate type of insurance depending on the assets that a user owns. They can even help in asset protection and preparation for disabilities and fatal illnesses.


The acceptance of new technologies such as Blockchain, Artificial Intelligence, etc. has changed various industries like finance, production, healthcare, retail, and marketing. The introduction of Artificial Intelligence Robo-advisors in fintech has become a norm.

Reports recommend those assets worth $1 trillion will be handled by Robo-advisors by 2030. Therefore, financial services should use Robo-advisors to restructure various financial processes.

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