Brokers split on fintech competition
More than half of mortgage brokers are not concerned about increased competition from online broking platforms, according to a recent survey. Despite this, almost a third of respondents said they were looking to improve the digital capabilities of their businesses. The survey was completed by MyState Bank’s national broker network. More than 47% of brokers responded saying that in the face of increased competition from online broking platforms, they would remain focused on their existing business models, which they considered to be competitive. A further 13% said they believed the threat of greater competition from online platforms was not significant to them. However, not all of the broking community agreed […]
Ignition Wealth demonstrates information security commitment
Ignition Wealth’s recent ISO/IEC27001:2013 certification evidences the firm’s advanced information security practices. “The current financial services news cycle has data security at the front of client’s minds. Ignition Wealth is an international business entrusted with our client’s customers’ and members’ financial data. The security of that data is paramount to our bank grade clientele,” said Mark Fordree, Group CEO, Ignition Wealth. Information security has been an essential priority for Ignition Wealth since the firm’s inception. To ensure the safety of our client data confidentiality, integrity and availability we maintain a multi-step risk management process. Ignition Wealth’s information security management system (ISMS) operates to the ISO/IEC’s ISO27001 standards. In response to […]
Change Financial looks to shake up the status quo for financial enterprise
US-based yet ASX-listed fintech company Change Financial (ASX: CCA) has announced three commercial deals to assist the growth of its enterprise division ahead of the full launch of its Software as a Service (SaaS) solution. The fintech newcomer has secured variously structured deals with Mastercard, Central Bank of Kansas City (CBKC) and Pulse, respectively. The deals aim to improve operating conditions primarily for its enterprise division, although upon further analysis, it seems Change will be able to derive synergies for all three of its business units, serving consumers, enterprises and blockchain users. Its consumer unit is focused on ChimpChange, an award-winning digital bank account and mobile app. ChimpChange makes free […]
The Rise of the Machines – Macrovue launches its Artificial Intelligence Investment Portfolio
Leading global investment business Macrovue announced the launch of its new Artificial Intelligence investment portfolio built around the AI revolution. Artificial Intelligence or “AI” refers to the ability of machines to exhibit human-like intelligence using computer systems. These systems can learn, reason, discover meaning, perceive their environment, learn from experience, and interact: ultimately solving problems without the use of hand-coded software containing detailed instructions. Macrovue’s investment team, made up of senior international equities experts, have constructed a concentrated portfolio of high conviction positions in ten stocks comprising companies that are focusing on the five main AI technology systems in practice now. Macrovue’s AI thematic portfolio (known as a Vue) will […]
FinTech startup Pelikin looks to recruit Gen Y investors
After a highly successful expression of interest campaign on equity crowdfunding platform Birchal, Melbourne FinTech startup Pelikin is continuing to rally millennials to invest in Pelikin. Encouraging Gen Y Professionals to invest in the banking alternative with as little as $100, Pelikin is hoping to get as many users as possible over the next month to be involved in building the travel banking app. Pelikin Founder Sam Brown said the younger market was the reason behind the development and creation of the app, so it was a natural progression for them to be a part of the Pelikin growth journey. “Rather than buying a house, Gen-Y are more interested in […]
Non-bank business lenders growing in popularity amongst SMEs
There is no doubt the big banks remain major players in the SME lending market however, there has been a steady rise in the number of non-bank lenders offering fast and flexible lending options in this space. They are able to move much faster than the traditional banker with their unique ‘fintech’ approach, giving small business owners across Australia alternative options when seeking business funding. Going hand-in-hand with this preference for more flexible finance solutions amongst SMEs is the demand for unsecured lending options. Business owners are demonstrating they understand the need to pay a small premium in return for fast, flexible finance options which do not require them to […]
Acorns Australia rebrands to Raiz Invest
Acorns Australia has rebranded to Raiz Invest, a move that follows the company’s announcement in February to divest from Acorns. From today, all users will be prompted to update their Acorns Australia app, after which they will see the new Raiz Invest brand, logo and colour scheme. The website will also reflect the new name and branding. Raiz Invest Managing Director, George Lucas, said: “Today marks another significant milestone in our company’s history with the name change from Acorns Grow Australia to Raiz Invest. “After our recent agreement with Acorns, we felt a new name was an important step forward. The change reflects our new autonomy and our ability to […]
Doshii and Bluflow integration
Doshii is thrilled to announce a partnership going forward with a Bluflow integration. Bluflow’s solution which creates advanced digital menu systems is already popular with many businesses, but thanks to a collaboration with Doshii for a reliable POS connection this technology is set to become even more efficient. After initially meeting with Doshii to discuss an integration strategy, Bluflow were able to implement a certified solution within weeks. Bluflow is excited about the benefits of this integration with Doshii, and the additional features gained by Bluflow customers from a linked POS system. About Bluflow Bluflow offers an innovative solution for POS systems. It allows businesses to coordinate their digital menus […]
