1st Annual Australian FinTech Awards 2016
Congratulations to the winners of the 1st Annual Australian FinTech Awards 2016! FINTECH INNOVATION IN PAYMENTS – Afterpay FINTECH INNOVATION IN WEALTH MANAGEMENT (ROBO ADVICE) – Owners Advisory by Macquarie Group FINTECH INNOVATION IN LENDING (FOR FINTECH) – SocietyOne BEST INNOVATION IN CYBER-SECURITY & ANTI-FRAUD – Entersoft BEST FINTECH COMMUNICATIONS CAMPAIGN – Acorns BEST RESEARCH IN FINTECH – Panalitix BEST FINTECH-BANK COLLABORATION OF THE YEAR – OnDeck Capital’s partnership with CBA FINTECH LEADER OF THE YEAR – Daniel Foggo of RateSetter FEMALE FINTECH LEADER OF THE YEAR – Loretta Joseph of the Sydney Stock Exchange FINTECH CTO/CIO OF THE YEAR – Glenn Riddell of RateSetter INSURE-TECH STARTUP OF THE YEAR – […]
Blockchain more than hype: Nikko AM
Speaking on a panel at the Bloomberg buy-side forum, Nikko Asset Management managing director Sam Hallinan described blockchain as “the new facilitator”, one that is set to drastically improve efficiency in the sector. “It could be deemed hype, but it could also be the biggest change to asset management in years,” he said. Blockchain’s capacity to list and reconcile transactions and trades represents a marked shift from traditional methods, which rely on several phonecalls and paperwork, Mr Hallinan said. “The current method of reconciling trades hasn’t changed in 40 years,” he added. According to Mr Hallinan, the change to retail market interaction triggered by robo-advice is significant, and he noted […]
Robo-adviser Six Park launches with Brian Watson, Lindsay Tanner and Paul Costello on Advisory Board
Australia’s pre-eminent financial experts have joined the next generation of automated financial advice providers with the launch of robo-adviser Six Park. Six Park’s team includes former Federal Finance Minister Lindsay Tanner, founding chief of the Future Fund Paul Costello and Six Park co-founder and former J.P. Morgan Australia Chairman Brian Watson on the company’s Advisory Board. Six Park has raised $1.4 million in seed funding pre-launch and combines the use of cutting edge technology with more than 100 years of investment expertise and wisdom led by co-founders Patrick Garrett (CEO) and Mr Watson (Chairman of Advisory Board). Independently-owned and operating in beta-mode for over a year to […]
Ripoll joins robo-advice board
Former Federal Labor MP, Bernie Ripoll has been appointed as a director of robo-advice focused group, Map My Plan. Ripoll, who was integral to a number of Parliamentary Committee inquiries into the financial planning industry, departed the Parliament this year and described his decision to become a director as reflecting his desire to continue to be involved in the advice sector. “FinTech is clearly having a transformative effect on financial services and the way the industry meets customer needs,” Ripoll said. Joining Map My Plan gives me the opportunity to help bring great advice to the majority of Australians currently missing out and to do something positive with my years […]
Fintech upping the online broking ante
Online trading platforms are offering a slew of new features at lower prices to keep up with financial technology apps that give investors much wider choice – from upcoming IPOs to investing spare change. Investors are demanding education-rich tools and powerful data capabilities to enhance their trading experience and broking platforms have responded with real-time stock widgets, bustling online forums and the emergence of robo-advice services, allowing investors access to different markets and more managed funds. “The rise of fintech has put more powerful tools into the hands of investors in the form of research, reporting and investment ideas,” says Josh Callaghan, wealth general manager at research firm Canstar. “As […]
Triple A Super partners with Ignition Wealth to provide online advice for SMSF’s
Leading SMSF administrator Triple A Super will provide SMSF administration services through automated advice provider Ignition Wealth. “The rapid adoption of technology in financial services is driving the trend towards a full service, onestop shop solution for advisers with SMSF clients.” Brian Pedretti, CEO, Triple A Super. Triple A Super’s newly launched Preset administration service, with online reporting and administration services, delivers significant business efficiencies and data accuracy. Clients include wealth advisers and accountancy practices servicing SMSFs. “Preset, Triple A’s new online administration offering has already been approved by a large number of dealer groups and IFAs. The integration with Ignition Wealth will enable advisers to receive […]
Super funds well-positioned on robo-advice
Thirty-six per cent of people would prefer to get robo-advice and similar services from their superannuation funds, rather than the major banks, according to new research released today. The research, contained in the Investment Trends Direct Client Report has pointed to the high number of Australians choosing to make and activate financial decisions without the help of a financial adviser. However the report points to robo-advice as being a key tool in helping deliver necessary assistance to consumers, and to the positioning of superannuation funds in delivering the answers. In what represents a new area of research for Investment Trends, the company has looked at the appetite of Australian adults […]
Budget 2016: An opportunity for Investors to embrace Automated Investment Advice
Treasurer Scott Morrison’s moves to enact measures to allow everyday Australians to boost their superfunds can only be welcome. Specifically, allowing those who have been out of the workplace due to childcare or illness to make top up payments on their return to work will go some way to addressing the fact that women in Australia typically retire with much smaller funds than men. Ignition Wealth CEO Mark Fordree believes that despite the headline contribution cap being reduced for those under 50, the catch up provisions are a great opportunity for everyday investors to maximise the potential of their investments and superfunds. It is essential for long term wealth […]
