SINGAPORE (July 3): The robots are coming, but not for your jobs. At least, that is what the Monetary Authority of Singapore’s managing director Ravi Menon would have you think. Asked at the central bank’s press briefing on June 29 about the disruptive impact of technology such as robo-advisers on the financial services industry, Menon responded: “I don’t think just because you have very sophisticated algorithms that can crunch numbers and spit out analysis, you will completely replace [humans]. Are they better than a human financial planner? Let’s see. Because there are many aspects of giving advice, understanding the client, which I think is embedded in some core human skills.”

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