Midwinter delivers technology to Suncorp Advice
Australian based financial advice technology firm Midwinter has today announced it will deliver technology services for Suncorp’s salaried financial planning business – Suncorp Advice. Midwinter was selected by Suncorp upon review of its financial planning business, which included testing by Suncorp advisers and paraplanners. AdviceOS will provide Suncorp with – Enhanced system capabilities – including cloud-based and API driven integration Strategic and product modelling capabilities Superior planner/user experience and client engagement Process and production efficiencies CRM and reporting capabilities Compliance functionality Experienced project management of transitions and support Midwinter’s Head of Institutional Growth, Salvador Saiz welcomed the announcement saying “The future of planning tech means being to deliver best-in-class strategy […]
Millennials pouring their money into new low-fee investment products
More than 1,400 Australian millennials have, in the last month, put money into Spaceship’s new investment products, which are ‘fee-free’ for low balances of $5,000 or less, the nation’s specialist investment manager for younger people announced today. The result underscores the enormous untapped demand younger Australians have for simple, and engaging, investment products that are different to those designed for their parents and grandparents. Spaceship founder & CEO, Paul Bennetts, said today the company had developed two ultra-low fee products for the ‘online’ generation aged 18-44 years old, and they were discreetly made available to the market in late April. In the first four weeks, 1,412 customers signed up and […]
Understanding the SME mindset
In 2017, the number of business owners turning to their primary bank for a loan declined 14%. Scottish Pacific CEO, Peter Langham, explains why brokers are uniquely positioned to capitalise The latest SM Growth Index by Scottish Pacific paints a clear picture of SME owners, their pain points, and their funding needs and intentions. For brokers, these results can help them understand the SME mindset and why it is important to offer a range of suitable funding options, which allow both clients and their brokers to grow. Just over half the businesses polled expect revenue to grow in 2018, and two thirds reported improved cash flow for 2017. Those that are […]
Square’s Jack Dorsey muscles in where banks have failed to serve
Billionaire Square co-founder Jack Dorsey says big banks have allowed his payments disrupter to muscle in on their territory by breaking the trust of customers and serving small business borrowers poorly, or not at all. Mr Dorsey, who also co-founded social media platform Twitter, said a long history of corruption had tarnished the reputation of the financial services sector, but with Square he hoped to restore trust in the industry. “The banking industry was invented in the 1600s in Florence and there has been corruption ever since,” Mr Dorsey said while in Melbourne for the second anniversary of Square’s local launch. “It’s not something that’s new to a particular country, […]
Square boosts Australian business with new HQ and engineering hub
Square today announced it is expanding operations in Australia, opening a new, larger headquarters to support the growing team in Melbourne, which will include the company’s first engineering hub outside of North America. Square co-founder and CEO, Jack Dorsey, was in the new Melbourne CBD location today to make the announcement and celebrate the company’s two-year milestone of providing payments to Australian businesses. “We have been humbled by the support Square has received from Australia’s business community over the past two years,” said Jack. “Australia is an important market for Square, with more and more businesses joining our platform every day.” In addition to increasing engineering capabilities, Square has received […]
OnMarket forges partnership with Listcorp
IPO and equity crowdfunding portal OnMarket have teamed together with investor relations platform Listcorp to assist newly listed ASX companies with the ongoing challenge of communicating and promoting themselves to investors. OnMarket CEO Ben Bucknell said “OnMarket has now helped over 70 companies list on the ASX. We are pleased to announce that we’ve recently entered into an agreement with Listcorp to help these companies better communicate with investors throughout Australia. “The fundamental benefit that both Listcorp and OnMarket are providing to Australia’s retail investors is access. OnMarket provides retail investors direct access to IPO and equity crowdfunding opportunities, and Listcorp provides retail investors access to much needed information about […]
Think you’ve innovated? Enter the finder Awards 2018 to show ‘em what you’ve got
We’ve seen our fair share of fintech innovations over the past few years. From robo-advice to peer-to-peer (P2P) lending to Blockchain, innovation has been offered in spades within the Australian marketplace. The finder Awards 2018 celebrates excellence in local business innovation by recognising creativity and impact across key industries including banking, property, retail, travel and of course, fintech. Comparison site, finder.com.au, invites the nation’s most forward-thinking businesses, both big and small, to step forward and showcase their best innovation. From Best Tech Innovation to Best Personal Finance App, there are seven innovation categories now open for submission. These include; Best Tech Innovation Best Online Shopping Innovation Most Innovative Team/Person Best […]
MYOB predicts a future without cash to end Black Economy
MYOB, a leading provider of business management solutions in Australia, has praised the Black Economy Taskforce in their findings to combat the black economy. “MYOB welcomes the recommendations outlined in the Government’s Black Economy Taskforce report. It’s great to see these recommendations leverage some of the good Government policy work already in place. One of the ways to tackle the black economy is to further promote a cashless economy, something we know Australian businesses on the whole are eager to embrace,” said MYOB CEO Tim Reed. Federal Budget supports Black Economy Taskforce findings by ending large cash payments The Black Economy Taskforce released the findings from its recent report in […]
