IRESS readies industry for Fair and Sustainable Superannuation reforms
Financial technology provider IRESS says that just two months out from the introduction of new superannuation laws, administrators and financial advisers should now be in the final stages of preparation. The superannuation laws, known as the Fair & Sustainable Superannuation reforms, introduce new tax concessions, a $1.6 million transfer balance cap, the removal of the tax exemptions for Transition to Retirement pensions and a new system of ‘catch-up’ concessional contributions to assist those with broken work patterns. IRESS’ superannuation administration platform, Acurity, and its financial advice technology, XPLAN, have now provided a range of updates to clients in response to the complex changes, with new versions being provided under existing […]
New FinTech TaxCapture leverages electronic banking to help banish Aussie tax dodgers
Recent media reports quote Federal Government tax revenue losses of an estimated $15 billion due to the widespread cash economy.
TorFX Awarded Best Value International Money Transfers
MOZO, one of Australia’s most established and accredited financial comparison websites has just announced TorFX as its Experts Choice Award for International Money Transfers 2017. This is the second year running that MOZO have awarded the title to TorFX; great recognition for a company who believe offer their customers the best value when making international payments to and from Australia. TorFX provide individuals and businesses with international payments as a cost saving alternative to the banks, by providing their clients with more competitive exchange rates than the more traditional means. TorFX clients can transfer money online 24/7 from anywhere in the world using their computer, tablet or smartphone. […]
Moneysoft enters new partnership with Mortgage Choice
Moneysoft’s advice technology will power a new Mortgage Choice Financial Planning tool aimed at bolstering clients’ money management skills and helping them reach their financial goals. Mortgage Choice Financial Planning will offer the tool under the name of MoneyTrack as a part of their cash flow coaching service. Tania Milnes, general manager of Mortgage Choice Financial Planning, said the new tool will help its national network of advisers to enhance the affordable and transparent advice they provide to clients. “The introduction of MoneyTrack will provide a robust basis for the advice we currently provide to help manage their cash flow,” she said. “It gives clients an easy to understand tool […]
SelfWealth TRADING release mobile trading app
Australia’s only flat fee brokerage solution, SelfWealth TRADING give investors greater accessibility to trade the ASX with the launch of their Trading App. SelfWealth TRADING hit the market in late 2016 with a fixed fee no commission offering and since has grown their client base to approx. 8000 members. SelfWealth TRADING members can trade the ASX for just $9.50 per trade. The Trading app will allow SelfWealth members to buy and sell shares on the go, conduct stock research and monitor their investment portfolios in real-time. SelfWealth Managing Director, Andrew Ward commented that “The app is designed to give members greater visibility of their investments and to ensure they never […]
CANSTAR 2017 Innovation Excellence Awards
The rise in Australia of fintech and general advances in technology have of late made for some exciting innovations in the financial services sector. Today, CANSTAR recognises seven new products and services of the 52 submissions received in the banking, insurance and investment industries to be awarded the company’s 2017 Innovation Excellence Award. To be called innovative, a product or service must be new to the market having been released within the most recent year, and should aim to make Australians lives easier and more convenient. Talking about the industry’s dedication to innovation, CANSTAR Group Manager, Research and Ratings, Mitchell Watson said, “Each year we are thrilled with the quality […]
SocietyOne hits new lending records
SocietyOne sets new lending record as growth continues to accelerate in 2017 $250 million in total lending originations since inception March 2017 sets new monthly record for new lending of $20 million Second best quarter on record for personal loans and agri-lending Loan book goes through $150 million – 165% increase year-on-year Significant increase in investor funding following appointment of CIO John Cummins SocietyOne, Australia’s leading and fastest-growing marketplace lender, has set a further new record for marketplace lending after passing through the $250 million lending mark following another strong quarter of growth. Strong demand from borrowers for personal loans in the post-Christmas and New Year period, and growing interest […]
Financial collaboration platform myprosperity closes strategic investment round, appoints Chris Ridd as CEO
myprosperity, Australia’s leading cloud-based financial management platform has recently closed a $2.5M strategic investment round and appointed former Xero Australia MD Chris Ridd as Chief Executive Officer. The strategic investment round was supported by existing investors, and saw the addition of MYOB co-founder and early Xero investor, Craig Winkler, to its investor base. Established in 2011 by founder and Executive Chairman Peter McCarthy, myprosperity aims to cause a shift in the way households think about and manage their finances. Utilising the latest cloud technologies and connecting with real-time data feeds, it provides comprehensive wealth reports to give the user a true picture of their overall financial health. Myprosperity partners […]
