Advice

Oct
17

Can robots beat humans as financial advisers?

Jason Lim wants to save enough for a deposit on an apartment but was earning next to nothing by having his money with his bank. He wanted to get some advice on where to invest his money, but a traditional adviser was not for him. “I wanted to earn more than I could get with […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Oct
17

Morgan Stanley’s Jeffrey McMillan says collaboration is key in fintech

It makes more sense for a global banking giant such as Morgan Stanley to collaborate with innovative fintech start-ups than to try to be innovative itself, according to the bank’s chief analytics and data officer, Jeffrey McMillan. “Probably 75 per cent of our technology that we build is coming from the fintech sector,” Mr McMillan […]

By Reposted by Australian FinTech | Banking . FinTech . Lending . Peer-to-Peer
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Oct
14

Statewide Super to offer robo-advice

Robo-advice provider Decimal has announced its Eqilize software has been chosen by Statewide Super to provide members with digital financial advice. The South Australia-based industry superannuation fund will roll the software out as part of “a broader system upgrade and expansion project” due to begin in November 2016, Decimal said. “One of our drivers was […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Oct
12

InvestmentLink provides Midwinter advisers with real-time access to client data

InvestmentLink, Australia’s largest independent financial data source, today announced Midwinter as the first financial planning software company to use the new RealTime (ILRT) data service. ILRT has been specifically developed for the growing fintech sector, providing advisers with enhanced access to client data via their software providers. ILRT extends the range of data feeds that […]

By Australian FinTech | FinTech . Investing
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Aug
31

ASIC lays out robo-advice rules for financial services

The corporate watchdog has published its guidelines for financial services companies offering so-called robo-advice in the burgeoning automated advice sector. The Australian Securities and Investments Commission has laid out what constitutes personal advice as opposed to general advice to clarify when an Australian financial services (AFS) licence is required by companies providing automated advice using […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Aug
23

Class partners with MA Operator

Class, the developer of Class Super and Class Portfolio, has partnered with MA Operator, a new fintech which provides managed account and direct client portfolio services for financial advisers.   The partnership will enable Class users to securely and instantly automate client data entry and synchronise transactions in MA Operator. This will further increase the […]

By Australian FinTech | FinTech
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Aug
11

The fintechs targeting SMEs

Fintech companies have increasingly started targeting SMEs looking for ways to finance their businesses, but fintechs shouldn’t expect a revolution without a few setbacks. At least, that’s the view of some of the industry’s own experts and participants. With the market having had a few years to run its course, digital lenders, payment platforms and […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Payments
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Aug
03

Rubik joins forces with Class

Rubik Financial Limited (ASX: RFL), a leading fintech company delivering innovative banking, wealth and mortgage solutions to the financial services industry, has partnered with Class Super Pty Ltd, to provide advice technology for accountants who are limited licence holders. The partnership is a timely one given the change to regulation as part of the FOFA […]

By Australian FinTech | FinTech . Investing . Mortgage . Robo-Advice
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