Change in usage of robo-advisor in Malaysia 2023

Published by Statista Research Department, May 27, 2024

According to a survey on the usage of robo-advisor in Malaysia, as of June 2023, 25 percent of respondents said their frequency of using this digital financial service had increased. Meanwhile, 16 percent of respondents said they had decreased the usage of robo-advisor. Robo-advisory or AI advisory is an automated financial advisor using AI to provide wealth management services. 

Change in usage of robo-advisor financial service among consumers in Malaysia as of June 2023

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Source

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Release date

November 2023

Region

Malaysia

Survey time period

June 1 to 26, 2023

Number of respondents

596 respondents

Age group

18-65 years

Method of interview

Online survey

Supplementary notes

Original question: "How has your usage of each channel changed in the last 6–12 months?"

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