Fintech launches active trading platform with no monthly fees
Saxo Capital Markets Australia has launched its new active trading platform that will let users trade over 35,000 financial instruments at no monthly fees and without expensive legacy hardware. The product is aimed at professional traders and smaller institutional investors, according to Saxo Capital Markets Australia chief executive Ben Smoker. “With SaxoTraderPRO, we are aiming to provide professional traders and institutional investors at the small and medium-sized funds segment with a higher level of platform tools and functionality, which allows them to operate with similar capabilities to what large institutions have,” Smoker said. SaxoTraderPRO allows trading of stocks, bonds, ETFs CFDs, futures, options, forex and other asset classes on compatible […]
BGL releases the first SMSF Artificial Intelligence in Simple Fund 360
BGL Corporate Solutions, Australia’s leading supplier of SMSF administration and ASIC corporate compliance solutions, is proud to announce the release of Stage 1 of its Artificial Intelligence (AI) Assistant for Simple Fund 360. This is a first in the SMSF admin software industry. “This is a huge achievement by our Simple Fund 360 Team” says “BGL Managing Director, Ron Lesh. “BGL has been working on AI for over 12 months. We needed to teach the AI Engine about SMSF transactions through a process known as Deep Learning. This results in Simple Fund 360 providing a level of confidence on where transactions have been allocated in the ledger based on the […]
Venture capital investment in FinTech reaches record US$27.4 billion high
Global investment in FinTechs by venture capital grew to a record $27.4 billion in 2017, spurred on by high deal value in the US, UK and India. Digital payments and lending services attracted the most investment capital. FinTech (financial technology) startups continue to draw the interest of venture capital around the world. Venture capital firms and funds continue to see great potential in the disruptive FinTech firms which are providing user-friendly financial services and products through modern and innovative technology: digital payments services and online lending platforms the foremost among them. Confidence in FinTech has accelerated venture capital financing in the industry to a record level of $27.4 billion in […]
Commonwealth Super signs technology partner
The Commonwealth Superannuation Corporation inked a deal with an ASX-listed wealth management technology provider for greater efficiency in administering insurance claims. The CSC has signed a long-term contract with Bravura to implement its Sonata platform as a managed cloud service. The partnership intends to enable greater efficiency in the administration of claims for death and disability benefits within the CSC’s defined benefit schemes.It will also enable greater servicing of Australian Defence Force personnel entitled to benefits under ADF Cover legislation. Sonata’s defined benefit capability was added just last month, with LGIAsuper signing on as the first client. “The Sonata defined benefit solution, which supports different styles of defined benefit business […]
OnMarket closes world’s most popular equity crowdfunding offer
Equity crowdfunding platform OnMarket has successfully closed the world’s most popular equity crowdfunding offer. Solar energy retailer DC Power Co. has crowdfunded close to $2.5mil from over 15,000 investors. DC Power Co. is “Australia’s first solar-focused energy retailer” which offers to optimise household solar systems to use less energy and earn more money. Equity crowdfunding is the new way for everyday investors, mums and dads, and the millennial generation to invest in early-stage and growth-stage businesses. Where traditionally, this capital raising space was dominated by wealthy individuals, venture capitalists and angel investors, now everyone is able to handpick a company, invest and gain a stake. OnMarket Managing Director Rosie Kennedy […]
Competition and profits see cryptocurrency exchanges get creative
How do you disrupt the disruptors? New exchanges are digging deep for a competitive edge. The ability to seamlessly cross borders is one of the consistent features of all cryptocurrencies, and the top exchanges tend to service customers from almost every country in the world. The biggest names each pick up a significant percentage of what might be a multi-trillion dollar market in coming years, and is already well into the multi-billions. Consider Coinbase for some perspective. It’s perhaps the USA’s biggest name in crypto, but its GDAX exchange is only the tenth largest by volume. Note that the trade volume figures should be taken with a grain of salt, […]
Fintech numbers causing a revolution
According to sources at disruptive Real Estate platform Next Address, the implementation of Fintech equity crowdfunding has sent their chatbots into overdrive with record enquiries and investors jumping on board. Julie O’Donohue, founder of the Australian company says it’s all about opportunity and empowering people. “People are loving the concept of helping us grow, investing directly with us from just $250 with a few perks that are making everyone smile. It has taken hard work by our entire team to make our platform the best, and now we are getting validation from everyday Aussies wanting to get on board. We made Next Address for the people, and now those very […]
OpenMarkets adopts Bloomberg EMSX for Global Equity Liquidity and Execution Services
OpenMarkets has taken a crucial step to open up its platform to overseas investors after integrating with Bloomberg’s global multi-asset trading platform.
