Moneysoft launches new package designed to boost client engagement, satisfaction and revenue
Leading personal financial management (PFM) software provider Moneysoft has launched a complete package of resources and tools to help financial advisers introduce an effective, profitable budgeting and cashflow management service to their clientbase. Developed in conjunction with advisers, the Moneysoft Business Processes toolkit contains a series of eBooks, video tutorials, blogs, and client-facing brochures and templates. It is a complete, step-by-step guide on how to build and deliver a relevant goals-based, money management proposition; how to grow and diversify practice revenue; and how to achieve a deeper client engagement through “cashflow as a service”. According to Peter Malekas, managing director of Moneysoft, the ready availability of cloud-based Software as a […]
iSelect trials three-hour digital home loan
ASX-listed iSelect is trialling a new digital home loan process that lets home buyers get conditional approval for a home loan in three hours from multiple lenders, without needing to visit a bank or fill out paperwork. The technology is the first in Australia that digitises the home loan application process and can present offers from multiple lenders, however many of the banks offer a digital service for their own loans. Macquarie Bank, ING and Australian Finance Group are trialling iSelect’s new service, but the business has plans to do a full rollout in 2017. The new service is part of iSelect’s transition to become a “life admin” business, and […]
New tech solution for advisers
Fintech firm, Your Technology Made Lite (YTML), is integrating its Highlighter platform technology for advisers’ in-house Excel solutions to boost accessibility and integration with online systems. YTML chief executive, Kevin Liao, said that Highlighter had already been used for advice web apps and automated with an adviser’s existing IP. “Highlighter automates the development of a web app,” he said. “As long as advisers have the flow of data entry organised… we can configure and upload it into Highlighter and convert it into a web app for them. “Advisers, accountants and SMSF [self-managed superannuation fund] specialists have so much capability sitting within their practices, and by partnering with technology solutions such […]
Afterpay and zipMoney: New instalment of old idea gains momentum
Fellow veterans of the “brown paper and string” era may recall lay-by, the instalment schemes offered by retailers before those plastic works of the devil called bank cards came along. At the risk of going all Bernard Salt on readers, the smashed avocado generation would be aghast to learn that customers of yore were required to put down a deposit on the item, but did not receive the goods until they paid the agreed instalments. What’s old is new again, and now lay-by is being reverse-engineered in the guise of point-of-sale retail intermediaries that finance “no-interest” payment instalment schemes. The key difference is they are “buy now, pay later” schemes […]
Banks, Apple fight to entrench their dominance in customers’ lives
In one corner is the largest company in the world, Apple. In the other sit three of Australia’s all-powerful banks, Commonwealth Bank, Westpac, National Australia Bank, and the country’s fifth biggest lender Bendigo and Adelaide Bank. These corporations have more than $1 trillion in market value between them, and they’re fighting over access to the ubiquitous device that has made Apple such a superpower: the iPhone. As well as being used by millions every day for phone calls, social media and internet access, the smart phone is tipped to play a critical role in how we spend money. This prospect has unleashed a full-scale business brawl, as Apple and the […]
Prospa takes first place in Smart50 Awards
Prospa took out first place at the Smart50 Awards in Melbourne last night. The Awards recognise Australia’s top 50 fastest growing SMEs and were dominated by fintechs and retailers. Prospa was awarded first place with incredible growth of more than 1000% over the past three years. “We are thrilled to be named #1 in Australia,” said Beau Bertoli, Joint CEO of Prospa. “Winning demonstrates that we understand the finance needs of small businesses. However this is just the beginning of our journey. We’ll continue to innovate and create ground breaking finance experiences to help Australian small businesses succeed.” “We’re the leading online lender to small business […]
Ignition Wealth Survey gathers data on financial professionals true fintech needs
Ignition Wealth Head of Sales and Marketing, Richard Liverpool has initiated a series of Ignition Wealth Surveys, seeking to delve deeper into the financial technology needs of Australian financial professionals. “The key to our successful business development is understanding exactly why our B2B customers are passionate about digital financial advice, the benefits for them and the benefits for their clients.”. Richard Liverpool, Head of Sales and Marketing, Ignition Wealth. Ignition Wealth has partnered with Bali’s newest luxury resort, the Movenpick Resort and Spa Jimbaran. Completing the survey gives participants the opportunity to win a four night stay in a luxurious Movenpick Resort and Spa Jimbaran Junior Suite, daily breakfast, […]
DASH integrates with Living Room of Satoshi bill pay service
Dash, the “better bitcoin,” has been integrated into one of Australia’s most promising cryptocurrency companies, Living Room of Satoshi, a business that has already revolutionized the way people pay their bills online. Founded only two years ago, Living Room of Satoshi was named 2015 Australian Startup of the Year award by StartupSmart for the innovative way the company allows Australians to pay their everyday bills with cryptocurrency, including rent, utilities, insurance bills, phone bills, speeding fines, credit card debt, and government tax bills. The service is linked to BPAY, an online bill payment mechanism accepted by over 45,000 companies across Australia. Today, Dash joined Bitcoin as the only alternative currency […]
