I hate to sound like a paranoid Luddite but the robots are taking over. Not in a particularly sinister way or even an intrinsically negative one. It is not something to really fight against Asimov style. It is just a matter of fact now. And allow me to make myself clear. I do not mean human looking robots, possible threat to humanity way. I mean in the term, older in a more general version of a specifically programmed, independently functioning automation.

Something used to serve a particular purpose as dictated by humans for the benefit of humans. Perhaps the most celebrated and best know example of this is the Hubble Space Telescope with the Mars rovers Spirit and Opportunity coming in a close second. In a more day-to-day example, Artificial Intelligence, once little more than an exciting concept has gone into mainstream, with several sites and apps making use of a version of it. There are even web-site building web-sites using artificial intelligence to build other sites, eliminating the need for point-and-click methods except for those who really want to use the older method.

Banking and Financial Services have often been at the forefront of technological advancement, financial institutions being among the first to adopt fax machines when they were first developed. Many of the original tech companies were established with business and finance as their primary focus, some of them expressing this in their names, IBM standing for International Business Machines and being founded back in the days of hand-carved metal punch-cards. It should be the cause of little surprise that financial services are now not just online but available through dedicated artificial intelligence, in the form of the recently launched app Dobot.

How Dobot Works

The world’s first personal financial advising program available on the mobile platform, the designers and programmers behind Dobot are looking for nothing less than the democratization of financial services and, as an effect prosperity, to all. A bit lofty perhaps but according to app’s Fundable site  “we believe personalized financial advice, once for the wealthy, should be an expectation, not a privilege.” Something achieved by using the cost effective mobile app format. The app uses goal-oriented savings, analytics to assess the best opportunities for each user based on that users personal stats and the given market, as well as instant information access allowing users to keep tabs on their investments and investment opportunities at any time.

Why It Matters

While finances have long been a concern for most people, especially since the major down-turn of Black Monday in 1987 from which the global economy had yet to fully recover when The Great Recession hit in 2008. While no one thing will ever be a cure-all, there are still tools that can help.

Catalyst for international theft?

Is there potential risk of hacking with Dobot? Considering the number of “high-security” sites that have already been hacked, including the several government sites defaced by infamous computer cracker Bryce Case Jr. when he was only 17-years-old, one would be a fool to say no. The potential risk of being hacked is just a fact of life when it comes to online interface. One just needs to decide if the benefits are worth the risk.