AstuteWheel launches new Astute Insurance Planner solution
AstuteWheel has today launched its latest fintech solution, Astute Insurance Planner, which enables advisers to provide better risk advice more efficiently. The solution, which reduces the time taken to prepare risk advice to about an hour integrates three FinTech software systems to provide one seamless solution. It includes an online mini fact-find and risk needs analysis calculator, created by AstuteWheel; a risk research and quoting tool, which is an integrated OmniLife App; and a Workflow, Statement of Advice wizard and CRM provided in Seido. Seido is an integration hub designed by YTML to solve the connectivity challenges advice businesses face when delivering advice. Hans Egger, Managing Director of AstuteWheel, said, […]
Younger advisers drive digital client engagement
Financial planners are increasingly looking for digital means to engage clients, latest Investment Trends research shows. The majority (88%) of advisers are strengthening their client relationships using technology-based solutions to interact and disseminate information, this year’s Planner Technology Report found. The younger generation of planners are driving the digital client experience trend, starting with virtual client meetings. Investment Trends research director Recep Peker said this group expects tablet-enabled client meetings and the use of interactive modelling tools during client meetings to become the norm. Peker added the results provide an opportunity for platforms and planning software providers to collaborate with planners. “Technological advancement is rapidly increasing consumer expectations, a so-called […]
One of the world’s largest crypto-exchanges Huobi Global is coming to Australia
Huobi Global, one of the world’s biggest crypto-exchanges, is preparing to launch in Australia, and Adrian Harrison, chief of the local operation, says the forward-thinking regulatory landscape here puts the country at the forefront of the crypto-movement. Domiciled in Singapore, Huobi provides exchange trading for cryptocurrencies, with 150 coin pairings available. According to Harrison, the exchange is “consistently in the top three in the world, in terms of volumes”. In February, Huobi raised $US300 million ($406.7 million) through the launch of its own Huobi Token, which allows exchange users to benefit from discounts in fees. It launches in Australia on July 5, and will start by listing Australian dollars against […]
Hack warning: Secure your data or risk a $31 million fine
How do you store your customers’ personal data? Are you one hundred percent sure it’s safe from hackers? These are very important questions for small businesses. Just last week Fairfax reported a conveyancing firm’s IT system had been compromised by hackers who were able to steal $250,000 of a client’s funds from it. Plus, stiff new data privacy rules in the European Union last month mean it’s now more important than ever for small businesses to get their cyber security right. Because it’s entirely possible that even though the laws come from the EU, they apply to your business. The General Data Protection Regulation came into force on 25 May. […]
What you need to know about cryptocurrency and tax
The rapid rise of cryptocurrency means many Australians now either invest in bitcoin and other cryptocurrencies or use them as a convenient way to pay for goods and services. But what happens on the tax front when your cryptocurrency portfolio suddenly pays big digital dividends? CoinJar co-founder and CEO Asher Tan explains the key things you need to know. Cryptocurrency use has grown exponentially in the last two years and Australians have embraced cryptocurrencies as a way to spend, send and trade money from anywhere in the world. Today Australia is the world’s 11th biggest market for bitcoin volume. It comes as no surprise, therefore, that governments around the world […]
A long-secret Bitcoin key is about to be revealed
A long-held bitcoin secret is about to be revealed. No, it’s not the identity of Satoshi Nakamoto, it’s a private key the cryptocurrency’s creator entrusted to several bitcoin developers that activates the protocol’s so-called “alert system,” once used to flash a text warning to those running the software in case something happened that could impact the security of their funds. If you didn’t know bitcoin had a warning system like this, that’s because it was retired in 2016 due to security concerns and frequent confusion about its use. “The alert system was a frequent source of misunderstanding about the security model and ‘effective governance,’” well-known Bitcoin Core contributor Greg Maxwell wrote […]
Milliman and Ignition Wealth announce synergistic collaboration
Milliman Australia Practice Leader Wade Matterson and Ignition Wealth CEO Manish Prasad today announced a global collaboration between their two firms to combine Ignition Wealth’s integrated bank grade white label digital engagement and advice solutions with Milliman’s analytics, data and consulting prowess. Wade Matterson, Practice Leader, Milliman Australia and Manish Prasad, CEO, Ignition Wealth said, “We are delighted to announce a symbiotic new collaboration between Milliman and Ignition Wealth. Our businesses share a commitment to enrich the advice experience and enable better financial outcomes for every consumer.” The relationship has grown naturally from multiple synergies including an emphatic consumer-centric focus, growing global footprints and equally matched best in class status […]
Digital cash not on RBA agenda
The Reserve Bank has poured cold water on the idea of a digital Australian dollar, with head of payments policy Tony Richards declaring the demand isn’t there. A group of Australian fintech start-ups through industry body FinTech Australia last year wrote a letter to the RBA calling for a new digital currency, known as the ‘DAD’ or Digital Australian Dollar. “A centrally issued Digital Australian Dollar, backed by fiat [physical] currency, would enable payments to be made between participants in real time and 24/7 along the supply chain,” AgriDigital co-founder Emma Weston said last year. Meanwhile Othera CEO John Pellew said in the letter a ‘DAD’ would help his company […]
