The Australian fintech start-up streamlining access to US stocks
Australian investors could soon be able to buy international shares direct from their Facebook Messenger app, using the social network’s recently unveiled chatbots. That’s one of the possibilities under consideration by start-up online broker Third Party Trade, which opens to investors today and aims to make it easier and cheaper for Australians to buy US shares. Facebook this month highlighted plans for chatbots through its Messenger app, which would allow users to interact with businesses and make purchases through the app. Third Party Trade chief executive and New York-based Australian Michael Giles says investors could soon use Messenger to ask a chatbot for the latest price of Apple shares, and […]
The fintech phenomenon: Do Aussies only want to borrow from banks?
Marketplace lending, online business loans, robo-advice, blockchain – none of it means anything without consumers. So what do Aussies think of fintech? The threatening, disrupting nature of fintech is a widely discussed topic, with consumer benefits often being the focus. However, what’s interesting is that in the push to get companies, ideas and funding across the line, the actual customer — whether they’re a borrower, investor or seeker of advice — often gets left behind. Robert Allen, director of payments technology and consulting at PwCm spoke about what’s driving fintech at a Fintech Sydney event this week. “Fintech is being pushed forward by a new way of thinking, by millennials, […]
Ignition Wealth Teams’ integration as easy as 123
Following the April 14 launch of Ignition Wealth Teams the effortless integration process has ensured an enthusiastic response from professional financial businesses including advice practices and accountancy firms. “We are committed to building real partnerships with businesses in the professional financial industry. For clients adopting the off the shelf version of Ignition Wealth Teams we have made the integration process absolutely effortless. There is no upfront cost to the business and integration can be completed in as little as 24 hours. For businesses daunted by trialling automated advice this is the solution simple, fast and costfree.” Mark Fordree, CEO, Ignition Wealth. With three simple steps the Ignition Wealth […]
Ignition Wealth evolves launching new Ignition Wealth and Ignition Direct websites to need demand
PRESS RELEASE: Ignition Wealth today launched two new websites, splitting the business to business and direct to consumer offerings to meet demand. Ignition Wealth business partners will now be served via www.ignitionwealth.com while direct investors have a new dedicated website at www.ignitiondirect.com.au. Setting the benchmark for Australian automated advice, (or ‘robo advice’) Ignition Wealth provides tools, calculators and automated advice to Australian financial businesses. The Ignition Wealth website ( www.ignitionwealth.com ) will now host all the information our business partners need as they embrace automated financial advice. “Following the rapid expansion of the business to business arm of our company we have created a site entirely dedicated to […]
QuietGrowth adds multi-risk portfolio feature
Investors using robo-adviser QuietGrowth’s online platform will now be able to allocate portions of their savings towards different objectives, thanks to a new feature. QuietGrowth chief executive Dilip Sankarreddy said investors and advisers have access to a goals-based investment portfolio, allowing them to tailor the portfolio to their specific needs. “[Investors can now] allocate their savings towards different goals or objectives, with different risk-return expectations,” he said. “Saving for retirement, your child’s education, a house or a holiday are all very different objectives. It makes sense, therefore, that investors should be able to choose portfolios for different levels of risk,” said Mr Sankarreddy. According to the robo-advice firm, investors can […]
Ignition Wealth launches “Teams” automated advice technology for Financial Businesses
Ignition Wealth today announced the launch of their new technology solution ‘Teams’, designed to support professional financial businesses as they adopt automated financial advice. Ignition Wealth will lead the presentations at the Melbourne Afiniation Fintech Showcase with the launch of their new Teams product. The Melbourne Afiniation Fintech Showcase will take place on April 14 at the Grand Hyatt Melbourne. CTO Mike Giles will demonstrate the new Ignition Wealth Teams technology to a crowd of over 200 fintech professionals and investors. “The wealth industry has traditionally been heavily paper based and the first opportunity is to bring those processes, including buying and selling of stocks and reporting, into an online […]
Financial planner and bitcoin entrepreneur launch new robo-advice business
Perth-based financial planner David Pettit has teamed up with well-known Australian bitcoin entrepreneur Zhenya Tsvetnenko to fund and develop a new robo-advice platform that will advise users how to plan their financial lives. Mr Pettit, the founder and managing director of boutique Perth advice firm Advocate Private Wealth, and Young Richlister Mr Tsvetnenko conceived Future Penny six months ago, and have both personally invested, with a range of other investors, to give it $500,000 in development capital. Future Penny would be the latest player in the burgeoning robo-advice sector, which provides financial advice to users generated by algorithms. It will provide information across a broad range of areas including budgeting, […]
BlackRock mulling Aussie robo-advice launch
BlackRock acquired FutureAdvisor in August 2015 and rolled out the platform to financial institutions as a business-to-business service. BlackRock Australia’s head of iShares Jon Howie told InvestorDaily he believes Australia needs FutureAdvisor now. “As always with a large organisation we have to be conscious about how thinly we spread ourselves and so at the moment the focus is on getting the US application of that opportunity right,” Mr Howie said. “I can tell you that internally everyone around the world is putting their hand up and saying, ‘We can make this work in our market’. “BlackRock Australia needs the platform immediately, because it will take some time to tweak the […]
