Why Stock Brokers Should Adopt Technology

Why Stock Brokers Should Adopt Technology

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Although India is one of Asia’s top countries with the highest saving rate and ‘Equity’ being a popular asset, retail participation has been plummeting in India. India is at a nascent stage where a large part of the overall population is unfamiliar with the stock investments. As per Kaushlendra Singh Sengar, “Technology plays a vital role in a boost in the retail participants and stockbrokers should come up with new KYC software technology to reduce the registration time to 30 sec to 1 minute and adopt emerging technology like machine learning, AI, data science, and deep learning to enhance the user experience, to make it easier to do stock investments similar to online shopping.” A simplistic innovative platform can help users to understand stocks and encourage them to make better investing decisions.

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