La inteligencia artificial en las inversiones: Robo advisors y su impacto en la inclusión financiera en américa latina

Abstract

CONDITION FOR PUBLICATION OF PROJECT. study focuses on the expansion landscape in which robo-advisors are positioned within the Latin American region, not only regarding the algorithms developed for their use but also considering the regulatory environment in each selected country. It also highlights users’ preference for hybrid robo-advisors, which are systems optimized with artificial intelligence while integrating human supervision. Despite this, the fintech sector faces various challenges such as persistent gaps in digital access, differences in financial education among the studied groups, and, in some cases, widespread factors that have hindered investor confidence and understanding. For this purpose, the PRISMA methodology was employed to identify key points in the information related to robo-advisors, along with the study of regulatory cases for Spanish-speaking countries in the region. Furthermore, by reviewing each of the platforms, an inventory of 20 robo-advisors was compiled, highlighting their characteristics and key differences to provide a comprehensive overview of the market. The information obtained allows for a broader perspective on robo-advisors in Latin America and shows that, although regulations have existed since 2018, the market continues to grow with some restrictions due to the lack of financial education in Latin American culture. Keywords: Latin America, financial education, investment platforms, AI, Ecuador