Technology  

Guide to technology during the pandemic

  • Describe some of the assistance technology can provide during lockdown
  • Explain the pitfalls of risk-profiling tools
  • Identify the FCA's attitude to electronic signatures
CPD
Approx.60min
Guide to technology during the pandemic

Introduction

The Covid-19 crisis has created many immediate problems for nearly everyone around the world, but for a large number, technology has stepped in and helped mitigate some of the worst.

Whether that be video conferencing family or clients, or finding imaginative ways to continue business as before, technology has been a lifeline for many.

For the advice sector, the migration to new technology as an integral part of one's business has been varied, but for those who have been in two minds about it, the current crisis has brought the issue front of mind.

There are many aspects to an adviser's business that can be enhanced by the adoption of technology, with or without the pandemic, whether that is bringing in new clients or using cloud computing.

This guide sets out some of the main areas affecting financial advisers right now, and is worth an indicative 60 minutes' CPD.

Melanie Tringham is features editor of Financial Adviser and FTAdviser

In this guide

CPD
Approx.60min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. According to the first feature, verifying a client's identity remotely is impossible to do, true or false?

  2. According to the first feature, what are APIs (application programming interfaces) ?

  3. According to the second feature, what is a risk of accepting a client's own assessment of their risk appetite?

  4. What is a pitfall of risk profiling tools, according to the second feature??

  5. According to the third feature, how long would it be expected to take to source a cloud computing vendor and transfer the data?

  6. According to the fourth feature, the FCA is accepting of an electronic signature, as long as it does not harm the client's outcome, true or false?

Nearly There…

You have successfully answered all the questions correctly, well done!

You should now know…

  • Describe some of the assistance technology can provide during lockdown
  • Explain the pitfalls of risk-profiling tools
  • Identify the FCA's attitude to electronic signatures

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