What's Special Purpose Acquisition Company? Robo Adviser?

The video discusses the role of SPACs, particularly Fusion Acquisition Corp, in the Fintech sector. It highlights the importance of technology, including robo advisors, in transforming financial services by increasing efficiency and reducing costs. The discussion also touches on the impact of the pandemic on technology adoption and the future demand for financial advice, especially among Gen Z, who prefer a blend of online tools and face-to-face interactions.

What is a SPAC primarily formed to do?

• Develop new technology

• Provide financial advice

• Manage investment portfolios

• Raise capital through an IPO to acquire a business

What sector is Fusion Acquisition Corp primarily focused on?

• Retail

• Fintech and Financial Services

• Real Estate

• Healthcare

How do robo advisors primarily serve the financial industry?

• By replacing traditional fund managers

• As a supplemental tool for financial advisors and investors

• By providing face-to-face financial advice

• By predicting stock market trends

What is a key characteristic of robo advisors compared to traditional fund managers?

• They are devoid of emotions

• They are driven by sentiment

• They are more expensive

• They require face-to-face interaction

What has the pandemic increased our reliance on?

• Face-to-face interactions

• Traditional banking methods

• Manual investment strategies

• Technology and digital tools

What is a significant change in behavior due to the pandemic?

• Increased face-to-face meetings

• Decreased use of technology

• Heightened awareness of digitization and AI

• Reduced online shopping

What do surveys suggest about Gen Z's preference for financial advice?

• They avoid financial advice

• They rely solely on robo advisors

• They want face-to-face advice

• They prefer online advice only