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 […]
Claim your share of $4 billion
It was recently reported that the major banks cut savings interest rates over the holiday period, leaving some savings account earning as little as 0.5 per cent.* This ‘cash drag’ is needlessly costly to the public and they are urged to review how much money they have sitting in everyday bank accounts, earning low interest, and to consider alternative ways to grow their cash such as in term deposits. A term deposit allows investors to park their funds for a set period of time with an agreed fixed rate of interest paid at maturity. Investors can also choose the length of their term deposit and the bank or […]
The fintech transforming the cash investment sector for advisers
While investing cash as part of a client’s defensive investment portfolio is a necessity, many advisory businesses find the current lack of choice to be challenging. Traditionally the time taken to action cash investing, incremental costs together with laborious paperwork outweighed the effort by the adviser and the ability to enhance returns for the client. Cashwerkz, a leading edge Fintech company has developed a platform for advisers who wish to maximise earnings on defensive cash allocations, whilst simplifying the administration time to establish, transact and manage term deposits. Cashwerkz Relationship Manager, Lisa Gregory, explains “The combination of low interest rates and an increased administrative burden have made it far more […]
Merger Creates Powerful Fixed Interest Investment Player in the Australian Market
Trustees Australia (ASX:TAU) and the new fintech marketplace operator, Cashwerkz, are excited to announce a merger where by an established business with plenty of FUM (funds under management) but no platform, effectively buys a brand new platform with a growing distribution network. The combined business will serve retail customers, the financial planning industry, and the middle market – comprising superannuation funds, councils, and other entities – looking to invest large cash balances. Anyone that needs a term deposit or a related cash product can access these through the powerful Cashwerkz platform which – in essence – is a new market place for cash. The platform’s unique back-end technology makes […]
New platform makes switching easier for SMSFs
Term deposits are the latest sector of finance to feel the push of digitisation with the launch of Cashwerkz’ platform, which offers a quick and simple way for investors to manage term deposits. Cashwerkz chief executive, John Edginton, said that cutting the time that is spent on switching and managing deposits was the key for attracting self-managed superannuation fund (SMSF) customers and advisers. “The time and paperwork required to open or switch term deposits was a major disincentive and prevents many investors from achieving the best market return,” he said. “Cashwerkz customers only need verify their identity once, and then have the flexibility of switching between different term deposits.” The […]
