Westpac CEO Brian Hartzer says cashless society is just round the corner
Plenty of intriguing insights about fintech were delivered at The Australian Financial Review’s Banking & Wealth Summit last week. So, here’s a selection of highlights, in no particular order. Brian Hartzer says cash is disappearing from the economy “faster than any of us anticipated”. A recent trip to Copenhagen by the Westpac chief revealed the decline of cash in Denmark is being driven by customers. Danske Bank’s MobilePay is being used by more than 80 per cent of Danes to pay each other, after five years in the market. Hartzer reckons 95 per cent of Westpac transactions will be online or mobile within a decade. Other Westpac bankers are also […]
Private Equity and Venture Capital technology investments key for investors
Chief Executive Officer of Crestone Wealth Management Michael Chisholm says investor access to the quickly growing technology sector is an important investment and social consideration in the current market cycle. Mr Chisholm said access to private equity or venture capital funds, which are uncorrelated to traditional asset classes, can help cushion portolios against any equity market downturn. Crestone recently invited a group of Australia’s leading venture capital (VC) investors to provide their views on technology. The panel included Paul Bassat, Co-Founder and Partner from Square Peg Capital, Daniel Petre, Co-Founder and Partner from AirTree Ventures, Niki Scevak, Managing Director and Founder from Blackbird Ventures, Emma Weston, Co-Founder and CEO from […]
PrimaryMarkets offers liquidity for local unicorns
PrimaryMarkets is a platform for delivering liquidity to unlisted securities and investments, matching buyers and sellers in a secure controlled environment.
Super Plus switches to SMSF fintech
Brisbane-based SMSF administrator Super Plus is migrating its clients to Mclowd, which provides its core software for free. The administrator has entered into a five-year agreement with Mclowd – a fintech with about $1 billion in super assets under administration on its SMSF platform. The shift to Mclowd will help the Super Plus save about $165,000 in costs over the period. “This move will also reduce our prospective licensing costs by more than $33,000 per annum. As the needs and expectations of our clients evolve we need progressive partners to give us the edge. In that context, the shift to Mclowd is a no-brainer,” Super Plus managing director Phillip Whiteley […]
Ignition Wealth announces new CEO Manish Prasad
Ignition Wealth Co-Founder and inaugural CEO Mark Fordree today announced the appointment of Manish Prasad to the role of CEO of Ignition Wealth. “On behalf of the Ignition Wealth Board, executive team and staff, we are extremely pleased to have engaged Manish Prasad to lead Ignition Wealth. Manish is a deeply experienced and well respected financial services executive, whose expertise and knowledge will guide Ignition Wealth as we continue to grow.”, said Mark Fordree, Executive Director, Ignition Wealth. Manish is a highly credentialed financial services executive with deep domain experience in financial advice across all channels and segments. Manish’s career includes senior roles globally for NAB/MLC, AMP/AXA, Genesys Wealth Advisors, […]
Growth, diversification, consolidation: AltFi Summit 2018 leaders offer their predictions
Fintech leaders from across the globe are converging for the AltFi Australasia Summit in April, to discuss the most urgent issues and trends impacting growth, diversification, and consolidation in the global alternative finance industry in 2018. Keynotes, panellists and sponsors will include alternative lending firms, digital banks, industry influencers and regulatory representatives, such as OnDeck, KPMG, Ratesetter, NowFinance, Equifax, Macquarie Capital, NAB, Moula, MoneyPlace, Credible, BGA Digital, Moneycatcha, Creditease, Othera, Liberty Home Loans, uno Home Loans, and FinTech Australia. It will be the third year the Summit has run in Sydney, amassing each yeah an ever-larger following of loyal attendees. Event owner, Glenn Hodgeman, believes momentum has built so strongly […]
The Global Money Transfer Industry: A Case For Collaboration
Evolving with disruption The money transfer industry globally has entered a period of significant change, spearheaded by the evolution of mobile technology and growing demand for digital tools that help us manage our money faster and smarter. Digital disruptors such as peer-to-peer lending services, mobile apps and blockchain have shifted the market, offering borderless accounts combined with speed and transparency. Powering these disruptors are new technologies like artificial intelligence, big data and robotics, which are changing the customer experience; providing unprecedented insights into customer behaviour that help deliver a more seamless money transfer experience. For incumbent players in the market, this new reality presents an opportunity. Businesses should consider leveraging […]
Statewide Super partners with IRESS’ Acurity to innovate member experience
Statewide Super and IRESS have partnered to complete the implementation of its Acurity superannuation administration platform which has seen a large number of members access their super information online. Statewide Super, an award-winning South Australian industry fund, is now delivering a fully-flexible digital environment for member administration which has modernised online access, reporting and compliance via the recently launched subscription model access for Acurity. Statewide Super replaced software offerings from multiple providers with the single Acurity platform, following a competitive selection process. Linda Zeelie, Chief Operating Officer Statewide Super, says that the profit for members’ organisation is proud to partner with IRESS to deliver a state-of-the-art experience that includes a […]
