Robo-Advice

Jun
26

Former AFL star Ted Richards’ goal for robo adviser Six Park

Ted Richards learnt an important investment lesson as a young footballer, one that would lead him to pursuing a career in the financial services sector after he retired from sport. Richards was drafted to AFL club Essendon as a 17-year-old in late 2000 and once in the sporting system found himself getting paid relatively well for someone his age and wondering what to do with his money. A gift from his father, the Peter Lynch book One Up On Wall Street, gave him the idea of dabbling in the stock market. “I was 17, living at home and didn’t have a lot of expenses, so when I started getting pay […]

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Jun
21

The finalists for the 2nd Annual Australian FinTech Awards 2017

The 2nd Annual Australian FinTech Awards 2017 celebrate the achievements of the dynamic people and businesses comprising the FinTech sector. These Awards seek to recognise success in the FinTech sector in its many forms. This event will be an evening of celebrating the best innovation, created by the best innovators and entrepreneurs that live and work in Australia. Here are the finalists for the 2nd Annual Australian FinTech Awards 2017 to be held Thursday 22 June in Sydney: FinTech Innovation in payments Tyro Payments ZipMoney Afterpay   FinTech Innovation in Wealth Management (Robo-Advice) Acorns Grow Australia Six Park Pocketbook   FinTech Innovation in Lending SocietyOne MoneyMe Financial Group Tyro Payments […]

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Jun
10

Robo-advice finds market in digital-savvy older investors

Hey robo-advisers … You’re looking the wrong way! Millennials have no spare money and don’t care about investing just yet — but older Australian investors are more than ready to play. One survey after another in the US shows older investors are ­actually super keen to examine low-cost digital-based financial services. And closer to home, it’s worth pointing out that a recent survey from the SMSF Association revealed a higher portion of Australia’s one million SMSF operators were willing to try robo-advice than the general public. No doubt this emerging reality has not been lost on the kingpins of Australian finance — the banks. Earlier this week, NAB funds management […]

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Jun
02

Australian robo-advisors dismiss ING report

The new survey by finance giant ING has been dismissed by Australian robo-advisors as failing the history test and being contradicted by other studies. ING’s survey, which captured headlines, found that 90 percent of global respondents would never use robo-advice. Robo-advisors ranked below friends, family and even the internet as a source of investment advice. “Years ago our parents generation paid for everything in cash and cheque books, people were initially fearful of ATM card technology and online shopping . We now live in virtually a cashless society and online retail is the norm,” Chris Brycki, the CEO of Stockspot, told AltFi. “The idea that robo-advice can’t replace a human […]

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May
31

The 2nd Annual FinTech Awards 2017

The 2nd Annual FinTech Awards 2017 celebrate the achievements of the dynamic people and businesses comprising the FinTech sector. These Awards seek to recognise success in the FinTech sector in its many forms. This event will be an evening of celebrating the best innovation, created by the best innovators and entrepreneurs that live and work in Australia. Australian FinTech is proud to be a media partner for the 2nd Annual FinTech Awards 2017 to be held in Sydney on 22nd June 2017. Australian FinTech’s CEO and Co-Founder, Cameron Dart, recently named as one of the Top 25 Influencers of FinTech in Australia, is honoured to be one of the judges […]

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May
25

Winners at The Finnies!

Congratulations to those Australian Fintech companies and their fearless leaders who won awards last night at the inaugural Finnies Fintech Awards:   Female Fintech Leader of the Year: Emma Weston, AgriDigital Co-Founder & CEO   Joint Male Fintech Leaders of the Year: Greg Moshal & Beau Bertoli, Prospa Co-Founders   Fintech Organisation of the Year: Afterpay   Emerging Fintech Leader of the Year: Emma Weston, AgriDigital Co-Founder & CEO   Emerging Fintech Organisation of the Year: Spaceship   Best Fintech place to work: Prospa   Best workplace diversity: Timelio   Marketing Campaign or Brand Initiative of the Year: Equitise – Equitise Bubble   Excellence in establishing Market Presence (Australia): BrickX […]

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May
24

Tech bounty to outstrip negative cyber-effects

The international ransomware attack this month that ensnared more than 150 countries — including Australia — brings to mind an intriguing question: can we afford to openly embrace digitalisation? Anthony Wong prefers to approach the conundrum from the opposite direction: can we afford not to? As president of the Australian Computer Society, Mr Wong is constantly told of the risks of digitalisation: robots replacing workers, disrupters pushing industries to extinction and personal data shipped off to the highest bidder. While he doesn’t discredit those fears, he reckons such concerns are outweighed by the opportunity to find solutions, adopt new skills and create fresh industries. “Artificial intelligence, robo advice, driverless cars, […]

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May
23

The shape of superannuation to come

The superannuation system has undergone sweeping changes in recent years and the dust has yet to settle. According to a finance software provider, tomorrow’s super system will look markedly different to the one we know today. In a recently released white paper, software company Bravura said Australia’s super system is likely to undergo a number of changes to meet the new regulatory environment and the advancement of modern technology. The role technology is slated to play in the delivery of superannuation services in coming years is likely to increase drastically, the company said. Super funds will be able to collect “unprecedented” amounts of data from their members and use this […]

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