X
  • About
  • Advertise
  • Contact
Get the latest news! Subscribe to the ifa bulletin
  • News
  • Opinion
  • Podcast
  • Risk
  • Video
  • Events
    • ifa Excellence Awards
    • Super Fund Of The Year
    • Australian Wealth Management Awards
    • Fund Manager Of The Year
    • AI Summit
    • Australian Wealth Management Summit
  • Promoted Content
  • Webcasts
No Results
View All Results
  • News
  • Opinion
  • Podcast
  • Risk
  • Video
  • Events
    • ifa Excellence Awards
    • Super Fund Of The Year
    • Australian Wealth Management Awards
    • Fund Manager Of The Year
    • AI Summit
    • Australian Wealth Management Summit
  • Promoted Content
  • Webcasts
No Results
View All Results
No Results
View All Results
Home News

AI use must be transparent: Study

A new report from Capgemini has found a majority of clients want to be made aware when they are interacting with financial services providers through an AI-enabled system instead of a person.

by Reporter
July 10, 2018
in News
Reading Time: 1 min read

The report, titled The Secret to Winning Customers’ Hearts With Artificial Intelligence, drew on data from 10,000 consumers across a range of businesses and countries.

The results found that most consumers want artificial intelligence to be “human-like in terms of interaction”, but that they wanted to be informed about when they are dealing with an AI system.

X

The volume of respondents who said it was important they be informed when using such systems was 66 per cent, however this figure was higher for financial services consumers at 71 per cent.

The percentage of Australian consumers across all industries who wish to be made aware when dealing with AI services sat at a similar level (70 per cent), placing it behind only India, Spain and Italy.

Consumers’ desire for transparency also extended to the use of their data, the report found.

“In our research, an overwhelming 80 per cent of consumers expect companies to ensure transparency in treatment and use of data collected, in order for them to prioritise interactions enabled by artificial intelligence,” the report said.

“This was the number-one requirement, followed by providing better deals/offers, providing priority services, suggesting more relevant products and services or offering cash rewards.”

Related Posts

Image: IFPA

A tale of two balances: IFPA says $3m super tax ‘integrity’ measure unfair

by Keith Ford
January 21, 2026
0

The total super balance integrity measure is shaping up as the main area of contention in the reshaped Division 296...

HUB24 boosts adviser numbers, bringing super trustee in-house

by Keith Ford
January 21, 2026
0

In an ASX announcement on Tuesday, HUB24 announced that there are now 5,277 financial advisers using the platform, up 8...

Image: cherdchai/stock.adobe.com

ETF use deepens across adviser portfolios as adoption reaches record levels

by Alex Driscoll
January 21, 2026
0

The 2025 Betashares/Investment Trends ETF Adviser Report found 73 per cent of advisers now utilise ETFs in client portfolios, the highest...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

VIEW ALL
Promoted Content

Why this is the ETF moment for private markets

They unlocked accessibility, slashed costs and opened up diversification across listed asset classes in a way that previously only institutions...

by VentureCrowd
January 20, 2026
Promoted Content

‘We’re not even good yet’: Why advisers must lead Australia’s financial capability uplift

According to Iress and Deloitte’s The Big Lift report, despite decades of reforms, rising wealth, and an increasingly sophisticated advice...

by Iress
January 20, 2026
Promoted Content

Innovation through strategy-led guidance: Q&A with Sheshan Wickramage

What does innovation in the advice profession mean to you?  The advice profession is going through significant change and challenge, and naturally...

by Alex Driscoll
December 23, 2025
Promoted Content

Seasonal changes seem more volatile

We move through economic cycles much like we do the seasons. Like preparing for changes in temperature by carrying an...

by VanEck
December 10, 2025

Join our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.

Poll

This poll has closed

Do you have clients that would be impacted by the proposed Division 296 $3 million super tax?
Vote
www.ifa.com.au is a digital platform that offers daily online news, analysis, reports, and business strategy content that is specifically designed to address the issues and industry developments that are most relevant to the evolving financial planning industry in Australia. The platform is dedicated to serving advisers and is created with their needs and interests as the primary focus.

Subscribe to our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.

About IFA

  • About
  • Advertise
  • Contact
  • Terms & Conditions
  • Privacy Collection Notice
  • Privacy Policy

Popular Topics

  • News
  • Risk
  • Opinion
  • Podcast
  • Promoted Content
  • Video
  • Profiles

© 2026 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited

No Results
View All Results
NEWSLETTER
  • News
  • Opinion
  • Podcast
  • Risk
  • Video
  • Events
    • ifa Excellence Awards
    • Super Fund Of The Year
    • Australian Wealth Management Awards
    • Fund Manager Of The Year
    • AI Summit
    • Australian Wealth Management Summit
  • Promoted Content
  • Webcasts
  • Advertise
  • About
  • Contact Us

© 2026 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited