Australia’s ETF industry set to grow in 2019
Australian exchange traded fund (ETF) industry is expected to see further growth in 2019, with increased allocations to fixed income ETFs, according to BetaShares’ annual predictions. This year to November, the Australian ETF industry finished the month at $41.1 billion, up from $35.5 billion in 2017. BetaShares identified three major predictions which would be expected to drive the ETF market further up in the coming months. The adoption of ETF model portfolios would increase as advisers would be seeking to add more efficiencies into their businesses and lower costs for clients. Additionally, more ETF strategists, investment consultants, portfolio construction specialists and robo-advisers were expected to enter the market. The fund […]
Moneysoft launches new website to support super fund focus
Financial technology company Moneysoft has launched a new website that showcases its growing range of services to large organisations including superannuation funds. One fund is currently running a pilot of Moneysoft’s Round-Ups solution, which forms a key component of Moneysoft’s new offering to institutions. Round-Ups lets people make small, frequent contributions to their investment accounts by automatically rounding up the spare change from everyday transactions into their super. It also allows members to automate or make one-off instalments into their super fund, bank account, or to pay off non-deductible debt, which fosters engagement and builds a foundation for more holistic personal financial advice. “Moneysoft’s push to large enterprises is a […]
Up launches conversational payments
Up, the digital banking platform that went live in October 2018, has today launched conversational payments in app for customers. An Australia first, the experience will bring functionality on par with the United States, Europe and China, where Venmo, SquareCash and WeChat Pay have significantly altered and improved customers’ payment experience. Up’s Chief Imaginer, Anson Parker, says many Australians will not have experienced this approach to payments before. “Driven by Osko, payments are made in real time to friends and merchants – there’s nothing ‘pending’ here. And we’ve built this platform from the ground up to enable the conversational format that gives customers clarity on where money is going to […]
Keeping up with data in the financial landscape of the future
By Scott Hubbard, Managing Director ANZ, MapR Changing consumer behaviour and the growing need for customer centricity are reshaping the banking and financial services industry (BFSI), however underpinning this is data and applications. We are now living in a world where a massive amount of data is being generated by an increasing number of sources and it’s up to organisations to take advantage. In fact, IDC reports that worldwide revenues for big data and business analytics will reach $260 billion USD in 2022. For banks, the increase in both scale and speed of their applications and data processing, means they can leverage data analytics to create better services for […]
86 400 marks completion of key milestones on road to public launch in 2019
86 400, a genuine alternative to Australia’s Big Four Banks, can today disclose that it has successfully achieved a number of key milestones as part of its mission to give Australians a better banking experience. The major milestones that the aspiring bank has completed since unveiling include: Product: Field testing of the beta 86 400 app with staff during Q4 2018 — as committed to during June’s unveiling Testing of the 86 400 debit card, Apple Pay, Google Pay and Samsung Pay across Australia and overseas 86 400’s Core Banking Platform sourced from its Australian banking technology partner Data Action has been operational for a number of months. All payment rails […]
Australian payments fintech start-up Verrency secures major deal with the fastest growing bank in the United Arab Emirates
Global payments innovation service and Australia-based fintech Verrency is enabling payments innovation for the fastest growing bank in the United Arab Emirates, Liv., Emirates NBD’s lifestyle digital bank for millennials. The agreement will enable Liv. to leverage Verrency’s cloud-based payments service and fintech partners to enable cost-effective delivery of a multitude of value-added services to customers. Launched last year, Liv. is a mobile-only bank offering a lifestyle-based banking experience targeted at millennials. It is also the fastest growing bank in the country, with over 150,000 customers as of date. Verrency’s Commercial Director for Asia and Middle East, Aaron Oliver, said: “Verrency will enable Liv. to deliver on its innovation-led proposition […]
Lakeba achieves $20M startup sales record for Paid By Coins
Australian technology innovator Lakeba, who has launched over ten new ventures in the Australian market since 2016, today announced the $20M sale of their Paid by Coins venture to Mobecom (ASX:MOB) only seven months after launching the platform in early 2018. “Lakeba built, deployed and exited the Paid By Coins business in less than seven months, achieving what few startups have before them. This accelerated acquisition timeline demonstrates the rigour and depth of Australian innovation and sets a new benchmark for the rapid commercialisation and sale of market-relevant, high demand emerging technology solutions,” said Giuseppe Porcelli, CEO and Founder of Lakeba. Paid by Coins is a secure payment solution for consumers, enabling […]
Royal commission – Fintechs here to help
Anyone tasked with building and protecting wealth for their investors need the tools to ensure they are acting in their clients’ best interest. Greater scrutiny will be placed on transparency of where and how an individual’s money is invested. Financial advisers, fund managers, superannuation trustees and others taking responsibility for managing client’s assets will be under the spotlight to demonstrate how investment decisions are being made and implemented. Technology-driven innovation in finance (fintech) has emerged to help investors and money managers make informed decisions when choosing investments. Fintech is a progressive resource intensely focused on accelerating innovation and transformation through the application of technology. By exploring collaborations between companies, financial […]
