ROBOT INVESTMENT ADVISORS
Finland's Robot Bankers Source: Nordea Bank - Robot Bankers Nora and Nova Rising Robotic Workforce During the global COVID-19 pandemic, the robot workforce has been on the rise. In China, there are robot-run field hospitals and new robot restaurant complexes. In the US, robot concierge and robot cleaners are working at 5-star hotels and telepresence Avatar robots are enabling long distance learning. Now in Finland, a robot investment adviser has become more popular than the human variety. Nora, the Investment Adviser At the biggest Nordic bank - Nordea, headquartered in Helsinki - a robot investment advisor named Nora just had a great 2nd quarter. Nora pulled in 40% more business during the height of the COVID crisis. By contrast, new business for the bank's human advisers was flat. The Bank says that millennials prefer talking investments with a robot rather than with a human. Nora saw the most action advising investors unde...