Robo-Advice

Nov
16

The rise of robo advisers

The notion of robots delivering financial advice is one of the hottest topics in financial planning circles. Even Australian Securities and Investments Commission chairman Greg Medcraft has weighed in, saying “robo advice” could slash investment costs and eliminate conflicts of interest. Judging by the number of new offerings coming on the market, this will be […]

By Australian FinTech | FinTech . Robo-Advice
DETAIL
Nov
13

Macquarie targets robo-advice at mass market

Macquarie Group is targeting retail investors and self-managed super funds with a new robo-advice program that will provide detailed recommendations matched to customers’ investment priorities. The bank will next month launch an online tool allowing customers to buy investment advice covering asset classes including shares, exchange traded funds, and managed funds from around the world. […]

By Australian FinTech | FinTech . Robo-Advice
DETAIL
Nov
06

ASIC’s Greg Medcraft says ‘robo advice’ can reduce fees and conflicts

Australian Securities and Investments Commission chairman Greg Medcraft says computer-generated financial advice, or “robo advice” could slash investment costs and eliminate conflicts of interest in the maligned financial planning industry. ASIC has established a “robo-advice taskforce”, which is investigating the suitability of potential entrants, who use computer algorithms to match investors with suitable assets at […]

By Australian FinTech | FinTech . Robo-Advice
DETAIL
Oct
23

The FinTech future is here

Viewing the below chart of web searches, you could be forgiven for thinking that fintech has only really emerged in the past year. But the financial services sector has been innovating with technology for centuries – so why has it got so big recently? Source: Google The coming together of financial services and technology is […]

By Cameron Dart | Banking . FinTech . Insurance . Robo-Advice
DETAIL
Oct
02

Why Fintech Is The Most Important Industry Right Now

This is a fantastic article on Australian FinTech. And it’s also great information to pass onto those who don’t understand what FinTech is and are unaware of how they can benefit from using Australian FinTech products. Fintech is beginning to disrupt the financial world as we know it. The financial industry is now more focused […]

By Australian FinTech | Banking . FinTech . Robo-Advice
DETAIL
Sep
30

More super funds tipped to launch robo-advice

More superannuation funds are looking to implement automated “robo-advice” for members as a way of satisfying the competing demands of bringing down fees, while also improving their members’ access to financial advice. The pressure on funds to improve advice is coming from both regulators and a growing band of tech-savvy, bank-owned competitors.At the same time […]

By Australian FinTech | FinTech . Robo-Advice
DETAIL

P&N Bank to trial Decimal’s financial advice platform

Decimal Software, an Australian Securities Exchange-listed company that has developed a robo-advice platform, has entered the mutual banking market, striking an agreement with WA-based P&N Bank. Under the deal, which could be announced to the ASX as early as Tuesday, P&N will evaluate Decimal’s cloud-based platform with a view to implementing it to enhance the […]

By Australian FinTech | Banking . FinTech . Robo-Advice
DETAIL
Jun
22

Robo-adviser Stockspot raises capital from H2, Rocket Internet

Stockspot, a robo-adviser seeking to disrupt wealth managers by offering a low-cost, automated financial advice process, has completed a capital raising and welcomed onto its register the Berlin-based start-up investor Rocket Internet, and H2 Ventures, the new fintech venture capital fund run by brothers Ben and Toby Heap.Stockspot, founded in 2013 by former UBS portfolio […]

By Australian FinTech | FinTech . Robo-Advice
DETAIL