Robo-Advice

Jul
01

Ignition Wealth superannuation tools drive superfund engagement

Ignition Wealth is Australia’s leading provider of superannuation tools and calculators. Since 2010 our tools and calculators have been used by superannuation funds to drive member engagement and provide excellence in client experience.   “With 750,000 members served over the past six years we know that user friendly tools and calculators hold the key to powerful member engagement. Our technology allows superfund clients and prospective clients to do their financial homework while becoming comfortable with the superfund. This leads to a solid growth in the superfund’s business.” Mark Fordree, CEO, Ignition Wealth.   The Ignition Wealth wealth management solutions are hosted on the superfund’s own website or mobile app. Recognising […]

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Jun
30

Link Digital Solutions announces partnership with Ignition Wealth

Super advice tools integrating with online portals to increase consumer engagement   Digital and mobile solutions provider Link Digital Solutions today announced its successful integration with digital advice provider Ignition Wealth. The integrated offering will provide superannuation fund members with seamless access to advice tools directly through Link’s online member portals.   “The partnership with Ignition Wealth will allow us to prepopulate superannuation advice tools such as personal projections and simulations, and make them readily available within our clients’ online member portals. Ultimately, this will assist funds as they support their members in the journey from accumulation to retirement.   “We seek to integrate with specialist partners in order to […]

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Jun
24

1st Annual Australian FinTech Awards 2016

Congratulations to the winners of the 1st Annual Australian FinTech Awards 2016! FINTECH INNOVATION IN PAYMENTS – Afterpay FINTECH INNOVATION IN WEALTH MANAGEMENT (ROBO ADVICE) – Owners Advisory by Macquarie Group FINTECH INNOVATION IN LENDING (FOR FINTECH) – SocietyOne BEST INNOVATION IN CYBER-SECURITY & ANTI-FRAUD – Entersoft BEST FINTECH COMMUNICATIONS CAMPAIGN – Acorns BEST RESEARCH IN FINTECH – Panalitix BEST FINTECH-BANK COLLABORATION OF THE YEAR – OnDeck Capital’s partnership with CBA FINTECH LEADER OF THE YEAR – Daniel Foggo of RateSetter FEMALE FINTECH LEADER OF THE YEAR – Loretta Joseph of the Sydney Stock Exchange FINTECH CTO/CIO OF THE YEAR – Glenn Riddell of RateSetter INSURE-TECH STARTUP OF THE YEAR – […]

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Jun
23

Blockchain more than hype: Nikko AM

Speaking on a panel at the Bloomberg buy-side forum, Nikko Asset Management managing director Sam Hallinan described blockchain as “the new facilitator”, one that is set to drastically improve efficiency in the sector. “It could be deemed hype, but it could also be the biggest change to asset management in years,” he said. Blockchain’s capacity to list and reconcile transactions and trades represents a marked shift from traditional methods, which rely on several phonecalls and paperwork, Mr Hallinan said. “The current method of reconciling trades hasn’t changed in 40 years,” he added. According to Mr Hallinan, the change to retail market interaction triggered by robo-advice is significant, and he noted […]

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Jun
21

Fintech startup Clover becomes the first robo-advice platform in Australia to secure MDA licence

Clover, a fintech company reinventing investing for the digital generation, has become the first robo-advice platform in Australia to secure an Australian Financial Services licence (AFSL) with Managed Discretionary Account (MDA) capability. Set to launch shortly, Melbourne-based Clover is a uniquely goals-based automated investment service designed to help Australians achieve specific lifestyle goals, whether it’s planning a dream wedding, saving for a deposit on a property or planning a major trip overseas. Gaining the ability to operate an MDA service is one of the most difficult Australian Financial Service licences to secure from the Australian Securities and Investments Commission (ASIC). This is believed to be the first time a robo-advice […]

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Robo-adviser Six Park launches with Brian Watson, Lindsay Tanner and Paul Costello on Advisory Board

Australia’s pre-eminent financial experts have joined the next generation of automated financial advice providers with the launch of robo-adviser Six Park.   Six Park’s team includes former Federal Finance Minister Lindsay Tanner, founding chief of the Future Fund Paul Costello and Six Park co-founder and former J.P. Morgan Australia Chairman Brian Watson on the company’s Advisory Board.   Six Park has raised $1.4 million in seed funding pre-launch and combines the use of cutting edge technology with more than 100 years of investment expertise and wisdom led by co-founders Patrick Garrett (CEO) and Mr Watson (Chairman of Advisory Board).   Independently-owned and operating in beta-mode for over a year to […]

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May
26

Ripoll joins robo-advice board

Former Federal Labor MP, Bernie Ripoll has been appointed as a director of robo-advice focused group, Map My Plan. Ripoll, who was integral to a number of Parliamentary Committee inquiries into the financial planning industry, departed the Parliament this year and described his decision to become a director as reflecting his desire to continue to be involved in the advice sector. “FinTech is clearly having a transformative effect on financial services and the way the industry meets customer needs,” Ripoll said. Joining Map My Plan gives me the opportunity to help bring great advice to the majority of Australians currently missing out and to do something positive with my years […]

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May
23

Fintech upping the online broking ante

Online trading platforms are offering a slew of new features at lower prices to keep up with financial technology apps that give investors much wider choice – from upcoming IPOs to investing spare change. Investors are demanding education-rich tools and powerful data capabilities to enhance their trading experience and broking platforms have responded with real-time stock widgets, bustling online forums and the emergence of robo-advice services, allowing investors access to different markets and more managed funds. “The rise of fintech has put more powerful tools into the hands of investors in the form of research, reporting and investment ideas,” says Josh Callaghan, wealth general manager at research firm Canstar. “As […]

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