Robo-Advice

May
04

Artificial Intelligence, Algo-Banking, Blockchain, Cryptocurrencies and Robo-Advice Form Growth of Australian FinTech Market

Frost & Sullivan’s study, Fintech in Australia, defines and focuses on the growth and challenges of the Australian Fintech sectors.

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Apr
29

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 […]

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Apr
27

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, […]

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Apr
27

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 […]

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Apr
26

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 […]

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Apr
22

Energy Super selects Decimal’s Eqilize robo-advice solution

DECIMAL Software announced that Energy Super, an industry super fund with more than 49,000 members, had selected its Eqilize robo-advice platform. Launched at the end of March, Eqilize is a pre-configured offering which leverages Decimal’s delivery experience to enable clients to deliver robo-advice within a fixed budget and short timeframe. It includes multiple topics, in-built compliance and can be easily integrated with other business systems and is delivered with consistency of the customers branding and online presence. Decimal CEO Nic Pollock said the deal validated the company’s superior technology, experience and decision to launch Eqilize to the market. “This is a validation of our two-tiered solution offering that addresses the […]

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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 […]

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Former FPA boss joins fintech group Intiger Asset Management

Mark Rantall, the former chief executive of the Financial Planning Association of Australia, has emerged as the new non-executive chairman of fintech group Intiger Asset Management, which is eyeing a listing on the Australian Securities Exchange. As first revealed by Street Talk, Mr Rantall, who exited the FPA in February, said he left with the “clear objective of taking on non-executive director roles”. He took on the chairman role after a recommendation by fellow adviser Patrick Canion, of ipac WA. Intiger is a fintech group seeking to slash operating costs for advisers and help them compete more efficiently with robo-advice, which is threatening traditional advice models by providing financial plans […]

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