Australia’s multibillion-dollar financial services industry is about to get an exciting new entrant, TOMORROW Super.
Consulting giant Deloitte has again recognised the impressive growth trajectory of software-as-a-service company Avoka, naming the global fintech leader in this year’s Technology Fast 50 list. A unique provider of digital customer acquisition and onboarding journeys for banks, Avoka has registered three consecutive years of dynamic growth, leveraging the enthusiasm of local and offshore financial institutions for sales and onboarding technology that offers outstanding customer experiences and time to market advantages. “Avoka has worked hard to respond to the global demand for its technology. A ranking of 37 on Deloitte’s Technology Fast 50 list means a lot for all our dedicated employees across Australia, the US and Europe,” said Philip […]
The universe of new-broom superannuation funds is expected to expand further in 2018 with Melbourne-based Nucleus Wealth among those expected to enter the increasingly crowded sector. Nucleus launched a tailored separately managed account service last July and, with $14 million under management, 140 clients on board and 1500 individuals in the process of signing up, hopes to introduce a super iteration of the service by July this year. In so doing Nucleus will join a growing list of young funds, such as Grow Super, Spaceship, Zuper, Human Super and Tomorrow Super, hoping to grab market share off the long-standing incumbents, which collectively control about $1.6 billion of retirement savings. Head […]
The superannuation system has undergone sweeping changes in recent years and the dust has yet to settle. According to a finance software provider, tomorrow’s super system will look markedly different to the one we know today. In a recently released white paper, software company Bravura said Australia’s super system is likely to undergo a number of changes to meet the new regulatory environment and the advancement of modern technology. The role technology is slated to play in the delivery of superannuation services in coming years is likely to increase drastically, the company said. Super funds will be able to collect “unprecedented” amounts of data from their members and use this […]
Balmoral Digital has announced the launch of its new digital assets fund. The fund will be available for wholesale and sophisticated investors.
The 4th Annual Australian FinTech Awards will be held in Sydney tomorrow night, Thursday August 1, 2019. Congratulations to all the finalists.
Financial planners are helping to tackle Australia’s escalating debt problem as the industry shifts from selling products to providing holistic advice with money management at its core. Australia’s household debt-to-income ratio has risen sharply in recent years and now ranks as one of the highest in the world at about 190 per cent, according to the Reserve Bank of Australia. Meanwhile, more than one in six (18.5 per cent) consumers are struggling under a mountain of credit card debt, according to a report by the corporate regulator, ASIC. Yet only a minority of financial planners offer money management or budgeting advice, citing concerns about the time it takes to offer […]