World Events and the Bible

A site dedicated to World Events and Study of the Bible.

Danske Bank’s Wealth Management Robot Now Has 11,500 Clients

Print Friendly, PDF & Email

WEB Notes: Machines. They do so much for us today, even making investments for us. In a world where machines make investments, one has to wonder where that will lead? Whoever controls the levers will control that money and can make it go here or there.

In just over half a year, Danske Bank A/S has attracted 11,500 clients to an investment service provided by a robot. Denmark’s biggest financial firm now hopes the project will help it expand its wealth management operations.

The robot is called June. It targets retail clients and small businesses that normally wouldn’t have the resources to work out what to do with their surplus cash. And with Denmark holding the world record in negative rates — the country’s been below zero since 2012, longer than any other place on Earth — the bank argues it makes sense to redirect deposits now earning nothing.

Source: Danske Bank’s Wealth Management Robot Now Has 11,500 Clients – Bloomberg

Previous post
Putin Makes First Visit To Syria, Lauds Victory Over ISIS And Announces Withdrawals
Next post
One In Five American Households Have ‘Zero Or Negative’ Wealth


Every day we send our readers the latest news with Christian commentary right to their inbox. Bi-weekly we include Bible Q&A and Bible studies as they become available. We invite you to join us.

Study With Us!

Visit the Bible Study, Bible Q&A and Video section of our site.

Leave A Comment

You are invited to participate in our Christian Community by leaving a comment. We would love to read your point of view and inspiring messages. Please read our Community Guidelines before commenting and note all comments are moderated (Ephesians 4:29).

Leave a Reply

Members: Login
Guests: Your email address will not be published.


© 2018 World Events and the Bible.

Isaiah 21:6Up ↑