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- Regulating the algorithms of tomorrow’s advice in Singapore
Regulating the algorithms of tomorrow’s advice in Singapore
Robo-advisers are transforming financial services and have garnered much attention across jurisdictions. While robo-advisers
potentially provide lower-cost and higher-quality financial advice, they also present new regulatory challenges, especially in
developing the capacities to assess the algorithms present in robo-advisers and the choice architecture in which suitable digital advice is to be provided. It is thus essential to utilise a comparative lens to draw guidance from different regulatory approaches across jurisdictions in order to develop a robust framework of regulation which promotes investor safeguards without stifling innovation.
Keywords: Artificial intelligence; Australia; China; Comparative law; Financial services; FinTech; Singapore; United States