Investing

Mar
21

Future of advice: boutiques for some, robo-plans for the rest

Westpac chief executive Brian Hartzer says the growing cost of providing personal financial advice, including sky-rocketing regulatory costs, is creating a bifurcated financial advice market, with specialist boutiques serving customers willing to pay more for bespoke plans, while banks – sensitive about their reputations following the Hayne inquiry – shift to an automated model supplying […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Mar
21

Do start-ups stand a chance in the face of ‘crypto winter’?

Cryptocurrencies have lost more than $400 billion from their global market cap over the past 12 months, but despite this Australian start-ups remain determined to weather the fallout from “crypto winter”. “The best time to build something is where there’s a lull in the market,” says co-founder of cryptocurrency investment app Amber, Aleks Svetski. Market tracker […]

By Reposted by Australian FinTech | Bitcoin . Blockchain . FinTech . Investing
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Mar
20

Super funds look to AI to improve member engagement

Tech giants like Apple, Amazon, Facebook, and Google are driving members’ expectations of customer experiences which presents a major headache for superannuation funds. Georgie Obst, HESTA’s general manager – campaigns and customer growth –  told CFSM delegates on Friday that funds need to do whatever they can to exploit new technologies to help cement their […]

By Reposted by Australian FinTech | FinTech . Investing
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Mar
19

Aussie ETF industry breaks another record

Exchange-traded funds (ETFs) have continued on their growth trajectory as the Australian ETF industry broke new records last month, with a monthly funds under management (FUM) increase of $2.3 billion, BetaShares’ February Australian ETF Review has said. This figure eclipsed the previous record set in November 2017, and the industry now stands at $44.8 billion. […]

By Reposted by Australian FinTech | FinTech . Investing
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Mar
19

Use apps to target young investors: GlobalData

Utilizing technology to provide simple, easy-to-use, and accessible apps is paramount to appeal to young investors, according to data and analytics company GlobalData. GlobalData’s ‘2018 Mass Affluent Investors Survey’ found that 53.3 per cent of mass affluent investors between the ages of 18–34 agree they are easily flustered when things are complicated.  The company sees […]

By Reposted by Australian FinTech | FinTech . Investing
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Mar
19

What’ll Waddle do with $4m injection?

Small business lender fintech start-up Waddle will step up its efforts to crack overseas markets and take a larger share of the big four bank’s local market share after closing a $4 million series A funding round. The funds, sourced from tech venture capital firm Allectus Capital, will be used to grow the fintech’s footprint […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending . Venture Capital
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Mar
18

Wisr sees strong support for new debt reduction app

Wisr (ASX: WZR) announced more than 4,000 Australians have downloaded the new Wisr App during its testing phase, which automatically ‘rounds-up’ digital spare change to pay off debt faster. The app is the newest financial wellness product to be offered by neo-lender Wisr and is the first in Australia to ‘round-up’ spare change with a […]

By Australian FinTech | FinTech . Investing
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Mar
18

BGL declares war on Australian Super

BGL Corporate Solutions, Australia’s leading supplier of SMSF administration and ASIC corporate compliance solutions, is extremely disappointed with the comments made by Ian Silk the CEO of Australian Super about SMSFs. “Ian like most CEO’s and Directors of Industry and Retail Funds simply don’t get it” said BGL’s Managing Director Ron Lesh. “People move out […]

By Cameron Dart | FinTech . Investing
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