Robo-advice using algorithms are replacing financial planners
Robo-advice is part of a new financial marketing system that could chug along without much human intervention and is aimed at giving you a sense of financial security.
Robo advice start-up Six Park closes $1.5m capital raise
Melbourne-based robo-adviser Six Park has closed a $1.5 million capital raise from a powerful group of investors that includes a former finance minister.
Stockspot launches AI for financial advice
Local automated investment adviser and fund manager Stockspot has announced a move into artificial intelligence and machine learning, launching what it says is Australia’s first digital financial assistant. Stockspot founder and CEO Chris Brycki said the AI functionality analysed the data of thousands of clients and made targeted recommendations, helping investors optimise their portfolio as it learns. He said the robo-adviser was launching as part of a new investment dashboard, designed to make tax reporting easier and give users more control over investments. “Stockspot introduced robo-advice to Australia 2014 which automated and lowered the cost of investing. We see AI and machine learning as robo-advice 2.0, it is the future […]
Robo-advice and mobile alerts are the future of banking
New app aimed at reducing trader errors, while Westpac banks on bots. Banks and financial institutions are ramping up competitiveness and improving their mobile offerings in an effort to maintain and assist customers, traders and employees. A new report by US market research company Forrester says banks will increasingly use banking apps to provide money management tips to consumers, the SMH reported. This sentiment has been realised in Australia. A team of behavioural finance and math experts launched the first ever robotic trading coach, PsyQuation. The robo coach provides a feedback loop alert system that points out costly trading mistakes. How traders interact with the alert and the ways in […]
GBST earns its fifth year in the Global WealthTech 100 list: 2023 was a huge year for growth and innovation, says CEO
GBST has been named as one of the world’s 100 most innovative companies for the fifth consecutive year in the Global WealthTech 100 list.
GBST strengthens executive team appointing Jeff Hall as Head of APAC to drive strategic growth and client success
GBST, a leading global provider of wealth management and advice solutions technology, has appointed Jeff Hall as it’s Head of Asia Pacific.
Female fintech leaders feature heavily in the Women in Finance Awards 2022
The finalists have been revealed for the Women in Finance Awards 2022 and once again the fintech industry has featured heavily.
