Robo-advice is a form of automated financial consulting applied in the areas of investment advice, loans and insurance. The solution is based on advanced algorithms used together with artificial intelligence and tools for analysis of large data sets (Big Data). Robo-advice reduces costs of financial consulting services, so that they can be accessible for a broader range of clients.
Automated financial consulting on investment markets consists in generating the so-called transaction signals relating to financial instruments. A device with a built-in algorithm delivered to the client by an investment firm serves as an "advisor" with regard to parameters of concluding the transaction (e.g. on Forex derivatives). The transaction signal does not cause the automatic order activation but it only gives a client the possibility to conclude the transaction according to the signal received.