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政大機構典藏 > 商學院 > 經營管理碩士學程EMBA > 學位論文 > Item 140.119/112179

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/112179

Title:	金融科技與投資產業 : 新商業模式 Fintech and Investment : New Business Models
Authors:	李齊良 Lee, Chi Liang
Contributors:	謝明華 Hsieh, Ming Hwa 李齊良 Lee, Chi Liang
Keywords:	金融科技投資管理產業賦權投資者自動化管理及報告零售演算法交易 Fintech Investement and management industry Empowered investors Automated management and advice Retail algorithmic trading
Date:	2017
Issue Date:	2017-08-28 11:31:45 (UTC+8)
Abstract:	摘要自2008年金融風暴後，長期的經濟動盪造成顧客喪失對於傳統投資產業之信心。在這樣的環境下，從自動化投資管理、社群交易平台到零售演算法交易的興起，提供低成本與先進的替代方案取代傳統的投資管理產業。這種方式獲得廣大消費者的信賴，並使得顧客擁有更多投資管理之控制權。本研究欲探討賦權投資者於金融科技的浪潮下，競爭者加入後所面臨之挑戰進行情境分析，了解投資者如何以自動化管理及報告、社群交易平台和零售演算法交易改變投資管理業之發展，並使得傳統以顧問諮詢為主的投資管理興起全自動化或財務顧問協助之新商業模式；再者，透過個案分析，分別探討自動化管理及報告為代表之機器人理財公司以及零售演算法交易平台Quantopian，並建議投資產業應善用金融科技結合兩者，因此，未來顧問所扮演的角色將轉型為從旁協助財務規劃之服務，不僅能夠降低成本，亦可大幅提升理專的效率，為更廣大的客群提供高價值之金融服務。 Abstract The 2008 financial crisis was the worst economic disaster since it has caused public losing confidence in traditional investement management industry. As a result, the three key innovation clusters are booming─automated management and advice, retail algorithmic trading and social trading platform─that offer lower-cost and advanced alternatives to replace the traditional investement management industry. Additionally, those innovation clusters gain more trust to the masses and allow customers to control in their own investment portfolio. This study analyzes three scenarios how the empowered investors face the challenges under the new waves of Fintech. In particular, we consider the investment management industry transfer the traditional model to the new business models of fully automation or advisor-assistant. In the case studies, we compare six typical robo-advisor firms and retail algorithmic trading platform like Quantopian. Furthermore, we suggest that the investment industry should make good use of Fintech that combines both advantage of automated management and retail algorithmic trading;therefore, it can not only reduce costs but also improve the efficiency of financial services.
Reference:	參考文獻中文部分全球領先的Python演算法交易平台─Quantopian。上網日期：2017年7月10 日，檢自： https://www.stockfeel.com.tw/%E5%85%A8%E7%90%83%E9%A0%98%E5%85%88%E7%9A%84python%E6%BC%94%E7%AE%97%E6%B3%95%E4%BA%A4%E6%98%93%E5%B9%B3%E5%8F%B0%E2%94%80quantopian/ 谷相儀主持（2016）。機器人投資顧問（Robo-Advisor）國外實務及相關法令與管理措施之研究。臺北市：中華民國證券投資信託暨顧問商業同業公會。投資組合的自動化維護（2017）。上網日期：2017年7月10日，檢自： https://theo.blue/automation 金融科技發展策略白皮書（2016）。臺北市：金融監督管理委員會。陳碧芬（2016年12月23日）。北富銀投資英AI公司搶攻機器人理財。工商時報。上網網址：2017年7月10日，檢自： http://ctee.com.tw/mobile/Content.aspx?newsid=772259&yyyymmdd=20161223&h=8749e7557c9788b9d07b27188477e9f7&t=tpp&f=4e65b6c43a099742e871818611516653 黃良瑞、林郁珊（2016年10月16日）。自動化投資理財顧問之發展。證券暨期貨月刊，34(10)，16-25。英文部分 About Betterment. Retrieved from https://www.betterment.com About FutureAdvisor. (2017). Retrieved from https://www.futureadvisor.com About Quantopian. Retrieved from https://www.quantopian.com/about#team About Vanguard. (2016). Retrieved from https://about.vanguard.com/ About Wealthfront. (2016). Retrieved from https://www.wealthfront.com Accenture. (2016). Fintech and the evolving landscape: landing points for the industry. Barbara Novick, B. L., Tom Fortin, Shahriar Hafizi, Martin Parkes, Rachel Barry. (2016). Digital Investment Advice : Robo Advisors Come of Age. BlackRock. Betterment Retrieved from https://www.betterment.com/ EY. (2015). Advice Goes Virtual. EYGM Limited. Financial Management Tailored to Your Life. (2017). Retrieved from https://www.personalcapital.com FINRA. (2016). Report on Digital Investment Advice. The Financial Industry Regulatory Authority. FutureAdvisor. Retrieved from https://www.futureadvisor.com/ Investment Advisory：The rise of the Robots? (2015). Retrieved from http://www.slideshare.net/CH_APAC_Marketing/investment-advisory-the-rise-of-the-robots-chco KPMG. (2016). Robo Advising : Catching Up And Getting Ahead. Personal Capital. (2017). Retrieved from https://www.personalcapital.com/ PwC. (2016a). Beyond automated advice : How FinTech is shaping asset & wealth management. PwC. (2016b). Blurred lines : How Fintech is shaping financial services. PwC. (2016c). Sink or Swim : Why wealth management can`t afford to miss the digital wave. Quantopian. (2017). Wikipedia. Retrieved from https://en.wikipedia.org/wiki/Quantopian Robo-advisor. (2017). Retrieved from https://www.8securities.com/tc-robo/ Schwab Intelligent Portfolios. Retrieved from https://intelligent.schwab.com/ Vanguard. Retrieved from https://about.vanguard.com/ View Important Information about Diversification and Rebalancing. (2017). Retrieved from https://intelligent.schwab.com Wealthfront. (2017). Wikipedia. Retrieved from https://en.wikipedia.org/wiki/Wealthfront Wealthfront : Who We Are. Retrieved from https://www.wealthfront.com/browser-upgrade WEF. (2015). The Future of Financial Services. World Economic Forum. Why Nutmeg. (2017). Retrieved from https://www.nutmeg.com/why-nutmeg
Description:	碩士國立政治大學經營管理碩士學程(EMBA) 104932402
Source URI:	http://thesis.lib.nccu.edu.tw/record/#G0104932402
Data Type:	thesis
Appears in Collections:	[經營管理碩士學程EMBA] 學位論文

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