Ratings firm seeks funding to expand service suite
Adviser Ratings is looking to raise capital to fund current and future product initiatives aimed at improving conduct and compliance in the wealth management industry.
Australian FinTech company profile #19 – Fabric
Fabric is a developer-friendly Open Banking service layer where users are able to securely authenticate their banking credentials
APIs and digital transformation will be key in the mortgage market, says IRESS
IRESS says that API’s, digital transformation and robo-advice have dominated the survey as areas which lenders believe will impact the mortgage market.
Australian FinTech company profile #7 – InLoop
Through Flexischools, LanternPay and Nuonic businesses, InLoop provides advanced tri-party transaction and data analytics solutions.
Australian FinTech company profile #5 – SavR
Australia’s Consumer Data Right to open banking
by Doug Morris, CEO, Sharesight In collaboration with Fintech Australia, Sharesight has officially endorsed a submission on the Treasury Laws Amendment (Consumer Data Right) Bill 2019 that seeks to create the Consumer Data Right (CDR) with an amendment to the Competition and Consumer Act 2010. The Consumer Data Right (CDR) will mandate that banks and financial institutions (before later extending to telecommunications and utility providers) make it easy, safe, and practical for consumers to share their data with third parties — including competing services. It’s one of several critical ingredients needed to improve the financial outcome for Australians. Open Banking initiatives are already in place in the UK, and progress […]
FPA launches fintech assistance
Attempting to offer guidance in the maze of fintech products on the market, the Financial Planning Association (FPA) has launched an online solution to help identify which ones would most improve the profitability and efficiency of planning practices. The diagnostic tool would quantify the actual costs and time involved in providing advice services and provide a basis for calculating how to price offerings accordingly. It was developed with advice technology producer YTML. FPA chief executive, Dante Do Gori, said that this would help planners get a clearer picture of the time and costs involved in advice to allow them to choose the tech solutions that would benefit them most, noting […]
Macquarie signs up for the OpenInvest platform
OpenInvest, the online marketplace and platform giving investors access to a diverse range of Australian and international investment managers, has added an important string to its bow with the decision by Macquarie Investment Management to join up and add its portfolios to the menu. OpenInvest, which was launched last November with SMSF trustees the primary target, gives investors a platform from which to choose from a range of highly credible and experienced investment managers. As well as Macquarie, other managers include Schroders, Shaw and Partners, SG Hiscock and JBWere. Co-founder and CEO of OpenInvest, Andrew Varlamos, welcomed Macquarie to the platform, saying: “The investment management industry has the expertise and […]
