financial planning

Mar
22

BT Panorama partners with fintech

BT Financial Group has gone live with its retail superannuation administration functionality by partnering with international fintech company, Avaloq. The functionality was launched within BT Panorama. BTFG said it had previously relied on multiple legacy systems to undertake administration functions but this new functionality would allow them to migrate to a more cost effective, single platform. The ability to meet complex tax, regulatory, and compliance requirements associated with administration in the personal super segment formed part of BTFG’s ongoing Panorama project, which has now acquired 3,442 self-managed superannuation funds and 3,035 registered advisers since its initial cash hub launch in 2014. Avaloq Asia Pacific general manager, Peter Scott, said the […]

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Midwinter adds Omnium to its Fintech Ecosystem

Midwinter has announced the completion of its integration between AdviceOS and Ominum’s OmniLife. This allows the real-time flow of insurance premium product data from OmniLife into the AdviceOS Fact Find, Client Portal and Statement of Advice generator. It also allows client data from AdviceOS to be pre-populated into OmniLife, ensuring a synchronised connection between the two solutions. Midwinter has been forthright in their philosophy regarding open architecture software, believing that advisers of today need software systems that can speak to each other. This allows for freedom of choice as well as eliminating the double entry of data across multiple systems. Stressing this point, Managing Director of Midwinter Julian Plummer said […]

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Moneysoft grows team to strengthen capabilities

Australian financial technology company, Moneysoft, has boosted its capabilities as a leading provider of Personal Financial Management solutions with four key appointments. Miles Casbier and Indra Bhosale join Moneysoft’s sales team with a wealth of experience in financial services and client relationship management. Craig Fletcher joins the team to head up process and delivery management and Ann Cook joins Moneysoft’s marketing team to help drive growth and continue building the company’s strong presence in the financial planning market. Moneysoft MD and Founder, Peter Malekas said: “At a time when our business is experiencing significant growth, these key appointments allow us to bolster our overall service proposition for existing and new […]

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Feb
23

Optimo Financial releases changes to super software

Sydney-based fintech firm, Optimo Financial is releasing new alterations for its Pathfinder Online superannuation strategy software, ahead of the super changes legislated to apply from 1 July this year. Optimo Financial chief executive, Hugh Bannister, said that the optimisation technology which underpinned the Pathfinder Online software and incorporated tax law, super legislation, family tax benefits, and the Age Pension, would overhaul in time to include changes from the Fair and Sustainable Superannuation Bill. “We can develop, test and deploy legislative changes very quickly in Pathfinder,” Bannister said of the alterations to the software. “We believe we are the first software provider to include the recent super changes.” Optimo Financial would […]

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Feb
22

Empowering advisers to embrace social media

A recent Midwinter and Jenesis industry survey revealed just under half of the respondents had chosen not to engage in social media because of the associated risk to their business reputation.   Kaplan Professional and Red Marker have been developing the Artemis solution to help financial advisers create and share compliant digital content.   Artemis detects ‘risky’ content as it is being created, helping advisers and licensees to identify and remediate compliance risks associated with the promotion of financial products or services.   The innovative solution is able to identify risk across a range of media types including web pages, Word documents, PDF’s, and client communications. Artemis is also able […]

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Feb
21

Digital advice: from robo revolution to enterprise evolution

As digital financial advice gains ever-growing traction among superannuation providers, the hype around “robo-advice” gives way to enterprise-level requirements. Decimal Software CEO Nic Pollock says B2C wealth management and enterprise-grade digital financial advice serve very different needs, and customers. Federal Treasurer Scott Morrison recently told a G20 conference in Germany of his plans to encourage more robo-adviser start-ups to launch in Australia. Undoubtedly he believed doing so would enhance opportunities for more Australians to gain access to financial advice and in turn provide better financial security and retirement outcomes. But his comments highlight a general lack of understanding of the differences between “robo-advisers” and the digital advice needs of the […]

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Feb
16

Fintech sector falling short on adviser-focused solutions

To the frustration of many Australian financial advisers, the fintech sector has not yet delivered effective tools for the financial planning industry. Most of the current activity in the sector is focused on offering solutions for individuals – and these offerings are struggling to convince consumers to pay directly for them. There is a clear unmet need in the adviser space. Wayne Robinson, InvestmentLink Chief Technology Officer, believes that the industry should be focused on meeting this unmet demand. He says it’s also the market that will be willing to pay for the right solution. “We think that advisers will be happy to pay for a platform that delivers what […]

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Feb
16

Decimal, Mercer deal to boost advice engagement

Decimal has announced a new partnership with global consulting firm Mercer to deliver Decimal’s robo-advice platform Eqilize to more than two million Australians and “engage customers who currently don’t seek advice”. In a statement yesterday, Decimal said it will be partnering with global wealth consulting firm Mercer. The deal will see Mercer offer Decimal’s Eqilize digital advice solution across the super funds it services. More than two million Australians will have access to the robo-advice platform as Mercer seeks to further engage customers with financial advice. “Technology is key to engaging customers who currently don’t seek financial advice,” Mercer said. Mercer chief customer officer Cambell Holt said, “Digital advice isn’t […]

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