Who Invests in FinTech, Artificial Intelligence, and Blockchain? Evidence from the Wealth Management Industry

Percy Venegas

Chapter 11 in Transformation Dynamics in FinTech:An Open Innovation Ecosystem Outlook, 2021, pp 315-336 from World Scientific Publishing Co. Pte. Ltd.

Abstract: An asset class can be considered truly mature until family offices are investing in it. Family offices are private wealth management advisory firms that serve ultra-high-net-worth investors. They are different from traditional wealth management shops in that they offer a total outsourced solution to manage the financial and investment side of an affluent individual or family. Having built their fortune with the purpose of wealth preservation across generations, families are notoriously risk-averse. This is, therefore, the perfect “canary in the mine” set up to understand if FinTech is a real category beyond simply speculative investments, and if its applications in artificial intelligence (AI) and blockchain have already crossed the boundary of trust among investors concerned with capital preservation. The book chapter begins by summarizing relevant statistics from private markets investment activity and then moves into using a predictive analytics (evolutionary cognitive algorithm) approach to describe the relevant patterns that are in process of formation. The coverage is global and the period of study spans over a decade, from January 1st, 2007 to November 5th, 2018.

Keywords: FinTech; Open Innovation; Financial Services; Ecosystems; Innovation Management; Banking and Finance; Technology Management; Emerging Technologies (search for similar items in EconPapers)
JEL-codes: G2 O33 (search for similar items in EconPapers)
Date: 2021
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