IRESS and ITG to deliver faster, improved analysis
Financial technology provider IRESS and ITG, a leading agency broker and financial technology firm, today announced a faster and more comprehensive analysis of trading costs for mutual clients. IRESS and ITG have aligned their systems to enable mutual IRESS and ITG clients to receive more comprehensive and efficient analysis of their trades. The alignment will also assist mutual clients in addressing the requirements set out in ASIC’s Regulatory Guide 97, which puts growing focus on costs and transparency in fund management processes. As a result of Regulatory Guide 97, automated access and analysis of trade data is becoming a top priority for the Australian fund management community. ITG’s Head of […]
Vic govt eyes blockchain’s potential
The Victorian government has become a member of Australian Digital Currency and Commerce Association (ADCCA) through the Department of Economic Development, Jobs, Transport and Resources. The government is looking to partner with the organisation “to explore the potential application and impact of blockchain across the economy, including but not limited to the financial services, health and food sectors,” the state’s minister for small business, innovation and trade, Philip Dalidakis, told Computerworld. Blockchain is the distributed ledger technology (DLT) that underpins Bitcoin and similar cryptocurrencies. “Backed by the strength of our digital technology sector, Victoria’s fintech sector and its capabilities are growing, and so is our global reputation for developing innovative […]
The other credit risk to watch in China: Fintech-fuelled debt
China’s government has copped what Scott Morrison is so desperate to avoid: a credit rating downgrade. But in the discussion about Moody’s surprise move last week to cut its rating for our biggest trading partner, there’s one word that has been notably absent, even though it’s a risk of growing importance to investors and officials. That word is “fintech”. Nowhere are the large potentially huge benefits of fintech – and longer-term risks – clearer than in China. This realisation comes as financial regulators everywhere, including in Australia, start to turn their attention to how these risks could eventuate, if fintech one day grabs a larger share of the financial services […]
What is Blockchain Technology and why is it so popular
In 2008, a cryptographer named Satoshi Nakamoto—a name used by the unknown person or persons—invented Bitcoin. It is a digital currency that enables people to conduct peer-to-peer transactions without the help of any third party such as banks. Whenever we do any transactions, it happens through a third party such as a bank and regulatory laws, but in the blockchain schema, these transactions happen securely but anonymously without the involvement of any intermediaries. So you might ask how the current transactions are happening online with debit and credit cards? Current transactions happen through electronic intermediaries where we depend a lot on the third parties for trust and fraud detection. More […]
One fintech in ASIC’s sandbox, so government to expand it
Only one start-up has entered the “regulatory sandbox” set up by the Australian Securities and Investments Commission to foster fintech innovation, prompting the federal government to broaden its eligibility criteria through new legislation. Six months after the launch of the sandbox, the single start-up using the regime is Goodments, a share trading application which matches retail investors to shares based on their ethical, sustainable and social values. Described by ASIC chairman Greg Medcraft as “essentially a ‘lighter touch’ regulatory environment”, the sandbox was opened to entrepreneurs in December after being announced in last year’s federal budget. It allows start-ups to test business models and products on a limited number of […]
YTML: Focus on what you can change
Advice solution and tech provider YTML is calling on advisers to extract more value from their relationship with their software by working in partnership with it. YTML is software agnostic, working with a range of software providers so as to deliver the best solutions to the adviser or licencee. YTML CEO Kevin Liao said it is in this capacity as problem solvers for their advice clients, that they often hear frustrations about the software. “It is a common problem in our industry, that with limited training, many advisers aren’t equipped in understanding how to get the best out of their software. A little bit of knowledge can be a dangerous […]
Bitcoin blows past $2,500, $2,600, and $2,700
The bitcoin rally just keeps going. Thursday’s action has run bitcoin above $US2,500, $US2,600, and $US2,700 for the first time. It hit a high of $US2,749 before paring its gains. Currently, the cryptocurrency trades up 11.2%, or $US270, at $US2,682 a coin. It has gained in 27 of the past 30 sessions and has tacked on more than 130% over that time. Bitcoin has climbed aout 20% since Tuesday’s close, propelled by news that the Digital Currency Group, representing 56 companies in 21 countries, reached a scaling agreement at the Consensus 2017 conference in New York. The announcement was the latest bit of good news for the cryptocurrency. In early […]
Dion and Fincast partner to deliver an integrated portfolio management and exchange trading platform
Dion Global Solutions and Fincast Pty Ltd, announced the availability of their integration and operations partnership, which allows clients of Fincast’s cutting edge goal based advisory and portfolio modelling platform to obtain account and holding details from Dion’s rapidly expanding TradeCentre™ platform, perform guided modelling of the portfolio and then automatically generate trades based on agreed investment models and investor’s preferences, greatly streamlining implementation and back office operations for Fincast’s and Dion’s clients. Further, Dion and Fincast have created an operating partnership which sees accelerated improvements in productivity and cost savings for clients through the consolidation of the infrastructure and operations for the SaaS versions of our respective platforms. […]
