“…Despite the increasing presence of AI in the banking sector, academic and industry studies reveal that a broad consumer acceptance of AI -even amongst young, affluent investors-has been surprisingly low (Hildebrand and Bergner, 2020). What is more, even with rapid digitalisation is that consumers still prefer human interactions in industries characterised by high consumer involvement, such as health care and financial services (Gaspar et al, 2020). These results corroborate earlier findings in medical and military operations contexts (Longoni et al, 2019;Pearson et al, 2018), showing that in important and high-risk domains, consumers may hesitate to use robo-advisor information if the information can instead be obtained from a human source (Zhang et al, 2021).…”