myprosperity and View Legal partner to offer automated estate planning services
myprosperity, Australia’s leading personal wealth portal, is partnering with Australian estate planning firm, View Legal to provide free, standard wills. A personal wealth portal, myprosperity is a white-label desktop and mobile app that advisers and accountants can enable for their clients. The platform provides a consolidated, real-time view of a client’s entire financial world, thanks to live integrations with leading financial services providers. When enabled by an adviser, myprosperity’s estate planning functionality will allow a client to generate a standard View Legal will and automatically populate the relevant data from their personal wealth portal, including all their assets and liabilities. This legally binding will is then stored on myprosperity, delivering […]
Prospa books open, offer size reduced
Macquarie and UBS’s equities desks have started beating the drum for ASX-aspirant Prospa. The brokers opened Prospa’s IPO bookbuild on Thursday morning, with news the offer size had been reduced. Some of the online small business lender’s existing shareholders have cut the size of their selldown. Prospa is now seeking to raise $141 million to $147 million, according to terms sent to fund managers. The first $100 million is pegged for the company while $41 million to $47 million represents the shareholder selldown. It had initially been targeting up to $60 million for the selldown. The price was retained at $3.04 to $3.83 a share, as was the targeted market capitalisation […]
Sharesight wins 3rd at Benzinga Global Fintech Awards
Sharesight announce they have been awarded third place at the 2018 Benzinga Global Fintech Awards for Best Financial Advisor or Wealth Management Platform! Sharesight are honoured to receive this award as it recognises that they’re revolutionising portfolio tracking for investors and the finance professionals who serve them. Looking at the range of 2018 finalists, Sharesight said they are humbled to receive this award. There are so many fintechs making a real difference in the lives of everyday consumers and investors.
Fintech intro for Stockbrokers 2018 Annual Conference
Next week will see 500+ local and international Stockbrokers and Advisors descend on Melbourne for the purpose of community enlightenment and networking.
Anger grows over crowdfund farce
Anger is growing over “farcical” delays to passing the equity crowdfunding bill that would extend the regime to private Australian companies, with the scheme now unlikely to come into effect until the end of the year. There are also concerns that cuts to corporate regulator ASIC will further slow the implementation of the scheme, which has been in the works since early 2013. Amendments to the Corporations Act allowing private companies to undertake a crowdsourced equity funding round were introduced to Parliament last September. Despite broad support by the Opposition, the bill was not passed in the House of Representatives until February this year. It has now spent three months […]
Top-20 banks should be investing in disruptors, says Reinventure co-founder Simon Cant
As Reinventure announces its third $50 million fintech investment fund, co-founder and managing director Simon Cant says its important for big banks to invest in the very startups that are disrupting their industry. The latest fund brings the Westpac-backed VC firm’s total funds under management to $150 million, and follows two previous funds, which have invested in 20 startups. Cant tells StartupSmart that, under its independent venture capital structure, Reinventure is focused on ensuring “our interests are financially aligned with those of the entrepreneur”. Specifically, this third fund will be looking for startups that could be relevant to top-20 banks and their global operations. While Cant says Reinventure will still […]
Open banking already changing the UK market
The launch of “open banking” in Britain earlier this year is prompting the incumbent banks to develop new smartphone apps that give customers a holistic view of their finances. But they face newfound competition from fintechs, telcos and e-commerce giants who see the data-sharing regime as a way of becoming dominant financial services providers in the digital economy. That’s the assessment of the head of Britain’s Open Banking Implementation Entity (OBIE), Imran Gulamhuseinwala, who predicts the regime will result in fintechs flourishing and force a fundamental shift in the incumbents’ retail banking strategies. Treasurer Scott Morrison said last week a similar open banking regime in Australia would be switched on […]
Fintech Australia’s new CEO is Brad Kitschke, Uber’s former government lobbyist
Industry group Fintech Australia has appointed Brad Kitschke as its new CEO. Kitschke previously worked at Uber Australia, where he was the Head of Public Policy and Government Relations from 2014 to 2017. “It is a tremendous honour to be able to lead an organisation which has been able to achieve so much to advance the fintech cause in a relatively short period,” Kitschke said. He replaces inaugural Fintech Australia CEO Danielle Szetho, who oversaw a rise in the association’s membership base from around 50 to more than 200 over a two-year period. Szetho stepped down in March, with Sarah Worboys working since then as CEO in an interim capacity. […]
