Australian FinTech Company, Cashwerkz, Capitalises on Market Inefficiencies and Takes on $1.2 Trillion Cash Market
The term deposits industry has become the latest sector in consumer finance to be shaken up by a new technology platform aimed at empowering self-directed consumers to invest their cash. Arguably one of the most enterprising Australian FinTech companies to date and backed by seasoned investors and an aggressive multi-million-dollar marketing campaign, Cashwerkz, began trading this week and is looking to get a piece of the huge $1.2 trillion-dollar cash market. The platform has created a new marketplace that offers a quick and easy way for customers to research, buy and manage term deposits, reducing the complexity of the transaction between the consumer and the financial institution. […]
Triple A Super partners with Ignition Wealth to provide online advice for SMSF’s
Leading SMSF administrator Triple A Super will provide SMSF administration services through automated advice provider Ignition Wealth. “The rapid adoption of technology in financial services is driving the trend towards a full service, onestop shop solution for advisers with SMSF clients.” Brian Pedretti, CEO, Triple A Super. Triple A Super’s newly launched Preset administration service, with online reporting and administration services, delivers significant business efficiencies and data accuracy. Clients include wealth advisers and accountancy practices servicing SMSFs. “Preset, Triple A’s new online administration offering has already been approved by a large number of dealer groups and IFAs. The integration with Ignition Wealth will enable advisers to receive […]
VentureCrowd gives Aussie investors access to blue chip corporate bonds
MEDIA RELEASE — VentureCrowd, Australia’s original and most successful equity-based crowdfunding platform, has launched a new investment opportunity for its registered wholesale investors, giving them unique access to the Artesian Australian Corporate Bond Fund ARSN 604 744 783 on the same terms as institutional investors. Eligible VentureCrowd investors can register interest in the fund online. The Artesian Australian Corporate Bond Fund offers investors an investment opportunity in a diversified fund holding Australian dollar corporate bonds, professionally managed by Artesian. With Australian interest rates at all-time lows, floating rate note securities offer fixed income investors opportunities to take advantage of rising rates when interest rates bottom out and begin to rise. Although the […]
IPOs getting bigger, but small caps still outperform, OnMarket BookBuilds says
Initial public offerings on the ASX are getting bigger and small cap floats and private equity exits are the best performers, according to data compiled by OnMarket BookBuilds. The fintech company’s managing director Tim Eisenhauer said the past five years have seen a changing of the guard, as the end of the resources boom resulted in the number of mining company floats falling, while more technology companies sought to grow their fledgling businesses through listings. OnMarket BookBuilds’ research takes in the first quarter of 2016, but the trend is already evident in the second quarter, where high-profile listings, including WiseTech Global, Afterpay and Monday’s Redbubble float, are all well over […]
Rubik to Partner with MyState on Digital Banking Transformation
MEDIA RELEASE: Rubik Financial Limited (ASX: RFL), a leading technology company delivering innovative banking, wealth and lending solutions to the financial services industry, has been selected by MyState Limited (ASX: MYS), a diversified financial services group, to partner on the transformation of their digital channels and customer experience offering. Rubik’s technology solution, which will go live in August, will enable MyState to offer their customers a superior digital experience, including access to MyState’s products and services from the device of their choice (desktop, smartphone or tablet) via the operating system of their choice (iOS, Android, Windows), and at the time of their choice. Iain Dunstan, Chief Executive Officer of Rubik, […]
R3 to raise up to $US200m from 42 global banks for blockchain trials
R3 CEV, the consortium of 42 global banks – including some of Australia’s biggest institutions – that is investigating how to employ blockchain technology in financial services, is planning an equity capital raising of up to $US200 million this year. Commonwealth Bank of Australia, National Australia Bank, Westpac Banking Corp and Macquarie are members of the R3 consortium that formed last year, so will be considering over the coming months the extent of their participation in the deal. Banks are investigating how to use blockchains, which could cut billions of dollars of costs from their organisations but also be disruptive given banks’ roles as trusted intermediaries and the fact that […]
How banks are running the economy
Alan Kohler, The Australian Two quite innocuous things happened on Tuesday: the federal budget and an RBA rate cut. Neither of these events will do much good, but nor will they do much harm, which is about as much can be hoped from both politics and monetary policy these days. Even RBA Governor Glenn Stevens has been constantly talking about impotence of monetary policy, so it’s likely to be true. Why won’t the budget or the rate cut have much impact? Because the RBA and the government don’t run the economy — the banks do, and there is something much more significant going on in banking land. There is always […]
Budget 2016: An opportunity for Investors to embrace Automated Investment Advice
Treasurer Scott Morrison’s moves to enact measures to allow everyday Australians to boost their superfunds can only be welcome. Specifically, allowing those who have been out of the workplace due to childcare or illness to make top up payments on their return to work will go some way to addressing the fact that women in Australia typically retire with much smaller funds than men. Ignition Wealth CEO Mark Fordree believes that despite the headline contribution cap being reduced for those under 50, the catch up provisions are a great opportunity for everyday investors to maximise the potential of their investments and superfunds. It is essential for long term wealth […]
