Moneysoft grows team to strengthen capabilities
Australian financial technology company, Moneysoft, has boosted its capabilities as a leading provider of Personal Financial Management solutions with four key appointments. Miles Casbier and Indra Bhosale join Moneysoft’s sales team with a wealth of experience in financial services and client relationship management. Craig Fletcher joins the team to head up process and delivery management and Ann Cook joins Moneysoft’s marketing team to help drive growth and continue building the company’s strong presence in the financial planning market. Moneysoft MD and Founder, Peter Malekas said: “At a time when our business is experiencing significant growth, these key appointments allow us to bolster our overall service proposition for existing and new […]
Empowering advisers to embrace social media
A recent Midwinter and Jenesis industry survey revealed just under half of the respondents had chosen not to engage in social media because of the associated risk to their business reputation. Kaplan Professional and Red Marker have been developing the Artemis solution to help financial advisers create and share compliant digital content. Artemis detects ‘risky’ content as it is being created, helping advisers and licensees to identify and remediate compliance risks associated with the promotion of financial products or services. The innovative solution is able to identify risk across a range of media types including web pages, Word documents, PDF’s, and client communications. Artemis is also able […]
Prospa secures $25M in funding led by AirTree Ventures; Passes $250 Million in Loans to Small Business
Prospa, Australia’s leading online lender to small business, has secured $25M in growth funding led by AirTree Ventures – Australia’s most successful tech-focused venture capital firm. The deal is the largest fintech venture capital investment in an Australian business. Prospa also announced it had passed $250 Million in total loans to small businesses in Australia. The investment comes after a period of significant growth for Prospa who is now the clear market leader for online lending to small businesses in Australia. Prospa will use the funds to accelerate its market leadership: boosting technology, product expansion and distribution, ramping up talent acquisition and building a world-class brand. Greg Moshal, Founder and […]
IRESS’ technology investment increases to meet demand
Listed Australian fintech IRESS predicts a continued increase in its product and technology investment as it meets growing client demand in Australia and internationally. IRESS is one of Australia’s largest financial technology businesses with offices in Australia, the United Kingdom, South Africa, Canada, Singapore and New Zealand. It employs more than 1,750 people. IRESS today announced revenue for 2016 of $389.7 million, up 8% on 2015. Reported net profit after tax was up 7%. For the 2016 year, IRESS invested $96 million in product development and technology for financial services including banks and financial advisors. IRESS’ Chief Technology Officer, Andrew Todd, said strong demand from clients […]
Seeking bright Aussie fintechs to join ABCC delegation to UK
Five delegate places on fintech mission to London on offer to Australian startups and SMEs looking to grow and prosper internationally. The UK’s Department for International Trade (DIT) has partnered with the Australian British Chamber of Commerce (ABCC) to give five internationally-focused Australian startups and SMEs the chance to join a fintech trade mission to London. Successful applicants will participate in a tailored business programme from 19 – 21 April 2017, and receive financial support for the majority of flight and accommodation costs. They will join senior figures from the UK and Australia’s fintech ecosystem across industry and government. Delegates will have the opportunity to network and share ideas with […]
Epictenet launches i-Commerce platform
By Ritesh Srivastava, Founder & CEO, Epictenet Imagine a journey where instead of looking for information & options someone guides you. The i-commerce Platform is an experience will get your thinking going, bring more innovation and enhance the current customer experience. As the world advances, increasingly towards digital every day and the customers crave to do more things on mobile, Epictenet have innovated and coined a new customer interface called i-commerce platform – providing a personalised experience to customers they have been used to in traditional branch environments and places in their hands, at the convenience, pace and device of their choice. i-commerce platform – is a […]
Fintech sector falling short on adviser-focused solutions
To the frustration of many Australian financial advisers, the fintech sector has not yet delivered effective tools for the financial planning industry. Most of the current activity in the sector is focused on offering solutions for individuals – and these offerings are struggling to convince consumers to pay directly for them. There is a clear unmet need in the adviser space. Wayne Robinson, InvestmentLink Chief Technology Officer, believes that the industry should be focused on meeting this unmet demand. He says it’s also the market that will be willing to pay for the right solution. “We think that advisers will be happy to pay for a platform that delivers what […]
Moneysoft analysis shows worth of financial coaching as personal debt reaches record levels
High-quality financial coaching and automated tracking software can help Australians almost halve their discretionary spending, according to an analysis of Moneysoft’s client database. The ability to overhaul negative spending habits has never been more important as Australians’ total household debt recently reached a record 185 per cent of annual household disposable income. However, 101 Moneysoft clients working with a financial adviser were able to reduce their average spending on irregular discretionary items such as entertainment, travel, hobbies and existing credit card repayments from $11,400 to $5,730 after 12 months. The most marked reduction in discretionary spending was in the 25-35 age bracket. Source: Moneysoft analysis of 101 clients over first […]
