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 […]
Ignition Wealth announces goals-based investing
Ignition Wealth CEO Mark Fordree today announced a groundbreaking development as Ignition Wealth becomes the first Australian ‘robo-adviser’ to offer goals-based investing. Ignition Wealth has appointed SiResearch to provide adaptive asset allocation built around goals which have a specific objective and timeframe. Traditional risk assessment has focussed on the investor’s long-term goals, often focussing simply on retirement. The goals-based model acknowledges that investors’ goals may fall into several buckets including short term, medium term and legacy. “In reality an investor’s attitude to risk is influenced by what their goal is and the date by when they want to achieve it. The SiResearch goals-based investment model adds a specific objective […]
Mint Payments successfully completes $6m placement
Payments technology solutions provider Mint Payments (ASX: MNW) has successfully completed a placement of new shares to drive its aggressive expansion into South East Asia’s evolving payments landscape. The placement will be made pursuant to s708 (11) of the Corporations Act 2001, to raise $6.0M. Priced at $0.079 per share, the Placement represents a 3.7% discount to the last traded price of $0.082 per share. The capital raising will be undertaken in two tranches: a) Tranche 1 – comprising 50.6M shares, raising $4.0M pursuant to the Company’s existing 15% capital issue limit under ASX Listing Rule 7.1 ; and b) Tranche 2 – comprising 25.3M shares, raising $2.0M. […]
Australian FinTech launches International FinTech platform
The team behind the highly successful AustralianFinTech.com.au, this week launch their International platform, InternationalFinTech.com, aimed at connecting the FinTech industry on a global scale. Founder and CEO, Cameron Dart, says International FinTech has been born on the back of the highly successful Australian FinTech platform and growing demand from the global community to have a dedicated online presence for their sector. “International FinTech mirrors the Australian FinTech platform, including a dedicated industry newsfeed and a comprehensive directory of FinTech companies globally. “The site also aims to educate users of new financial technologies such as peer to peer lending and cryptocurrency, all presented in simple terms with no financial jargon” says […]
Midwinter : Reputational risk still a determining factor for advisers when it comes to Social Media
It appears that the Australian advice industry is split when it comes to whether reputational risk prevents them from participating on social media channels, according to research carried out by Midwinter Financial Services in conjunction with Jenesis Consulting. In 2016, Midwinter surveyed 153 advisers of varying backgrounds and specialisations on Digital and social media, with the results revealing mixed feelings on many aspects in regards to how the industry engages with these tools. The responses were compiled and put together in Midwinter’s Digital and Social Media Survey Report. Of particular interest was that 87.3% of planners surveyed believed there to be some degree of reputational risk involved in engaging on […]
