YTML signs Merit Wealth and expands team
YTML has signed national dealer group Merit Wealth to its Seido platform – a financial services app store which consolidates multiple systems and solutions into a single integrated platform and support document generation including Statements of Advice (SoAs). Merit Wealth (a part of Easton Investments Limited group along with GPS Wealth) is replacing its existing self managed super fund (SMSF) advice application with Seido, recently releasing it to its 400 strong network of accountants with limited SMSF authorizations nationwide. According to YTML chief operating officer Piew Yap, the power of Seido is its ability to allow businesses to differentiate their value proposition to clients and its deep connectivity between financial […]
2022 a year of potential for financial services industry and its customers
There are a number of trends that are set to play an increasingly significant role in the financial services industry in 2022 and beyond.
Financial services technology impacting Sustainable Development Goals
Financial services are ideally positioned to provide valuable support to the UN’s Sustainable Development Goals through improved use of technology.
The finalists of the 2019 Fintech Business Awards have been announced
The finalists of the 2019 Fintech Business Awards have been announced. Congratulations and good luck to all the finalists – both individuals and companies.
The finalists for the 2nd Annual Australian FinTech Awards 2017
The 2nd Annual Australian FinTech Awards 2017 celebrate the achievements of the dynamic people and businesses comprising the FinTech sector. These Awards seek to recognise success in the FinTech sector in its many forms. This event will be an evening of celebrating the best innovation, created by the best innovators and entrepreneurs that live and work in Australia. Here are the finalists for the 2nd Annual Australian FinTech Awards 2017 to be held Thursday 22 June in Sydney: FinTech Innovation in payments Tyro Payments ZipMoney Afterpay FinTech Innovation in Wealth Management (Robo-Advice) Acorns Grow Australia Six Park Pocketbook FinTech Innovation in Lending SocietyOne MoneyMe Financial Group Tyro Payments […]
Barry Lambert predicts 2017 The Year of the Robo
“YOU DON’T REVOLUTIONISE YOUR COBB & CO BUSINESS BY BUYING FASTER HORSES.”. IGNITION WEALTH INVESTOR AND MENTOR BARRY LAMBERT PREDICTS 2017 THE YEAR OF THE ROBO Digital financial advice is poised for rapid uptake in Australia, with 2017 set to be the year when professional financial businesses adopt ‘robo-advice’ as an essential element of their client offering. Ignition Wealth is at the forefront of the pack of Australian digital financial advice technology providers. “Everyone is talking about the cloud revolution and many are looking to change their technology because they want to look smarter. Changing technology is very expensive if it does not revolutionise your business. Financial planning, a […]
Can robots terminate the human adviser?
Financial planners and advisers would scoff at the idea of an automated system, or a robot, providing financial advice to clients based on answers to a few questions and the click of a button. Moreover, advisers are apprehensive of consumers embracing the do-it-yourself approach to investing, arguing that it is impossible for consumers to navigate complex investment choices and the myriad of financial products without guidance from trained advisers. Financial planning dealer group, Wealth Today’s managing director, Greg Pennells, recently labelled robo-advice a ‘cop-out’, and called on the corporate regulator to ban the technology. He said technology is useful for transactional services like buying and selling shares, stockbroking, mortgages, or […]
The rise of robo advisers
The notion of robots delivering financial advice is one of the hottest topics in financial planning circles. Even Australian Securities and Investments Commission chairman Greg Medcraft has weighed in, saying “robo advice” could slash investment costs and eliminate conflicts of interest. Judging by the number of new offerings coming on the market, this will be a growth sector, but how easily will people accept advice delivered by rules-based algorithms? The most common answer is that “millenials” will lead the way on “robo-advice” take-up, as they trust technology in a way their forbears do not. The cost of delivering advice is generally estimated at one-fifth to one-tenth of fee-based financial advice, […]
