Revolut launches fractional ETF trading across Europe
Revolut, the financial super app, announce the introduction of ETFs for all its Revolut Securities Europe UAB customers across the European Economic Area.
DTCC partners with Snowflake to transform financial industry data ecosystem
DTCC is partnering with Snowflake to transform how data is accessed, shared and leveraged across a number of its services.
Fintech Rush Gold and EML start a gold rush with mobile wallet innovation
Fintech Rush has partnered with EML Payments to deliver the prepaid Rush Mastercard card, which allows Rush customers to pay with real gold in real-time.
Ignition Wealth announces goals-based investing
Ignition Wealth CEO Mark Fordree today announced a groundbreaking development as Ignition Wealth becomes the first Australian ‘robo-adviser’ to offer goals-based investing. Ignition Wealth has appointed SiResearch to provide adaptive asset allocation built around goals which have a specific objective and timeframe. Traditional risk assessment has focussed on the investor’s long-term goals, often focussing simply on retirement. The goals-based model acknowledges that investors’ goals may fall into several buckets including short term, medium term and legacy. “In reality an investor’s attitude to risk is influenced by what their goal is and the date by when they want to achieve it. The SiResearch goals-based investment model adds a specific objective and […]
International share trading made easy for financial advisers by Macrovue
Macrovue, Australia’s first global thematic brokerage and trading platform, has taken the wraps off a new global share trading solution aimed at easing complexity, time, and costs for Australian financial advisers and their clients. Sid Sahgal, Macrovue CEO said: “We offer the flexibility to create, trade, and rebalance share-based portfolios built from scratch by advisers, choosing from 20,000 securities and ETFs listed on over 18 global exchanges.“ Mr Sahgal noted that a surprising number of advisers are still using manual trading systems (paper and telephones) to buy and sell global stocks. “Our platform features paperless client on-boarding, one integrated trading platform for global and domestic stocks, powerful […]
Money for millennials: six popular investment options
Millennials have been locked out of the housing market, so are there other avenues of investment open to them? Certainly, the finance industry is working hard on creating products for younger people, but where to turn? The plan for young Aussies has always been: work hard, save your money, buy a house, start a family, then worry about the rest later. Now that the average 20 per cent deposit in Sydney and Melbourne sits at $156,000 and $115,200, respectively, part three (buy a home) in that classic four-point plan is changing. Claire Mackay, a director at Quantum Financial, says that whatever investment choice is made by a millennial investor, the […]
Robo-advice not ’biased’ during volatility
Human advice may be outperformed by robo-advice during times of market volatility, considering automated tools are not subject to behavioural bias, says BetaSmartz. BetaSmartz chief executive John James said eliminating behavioural bias means that robo-advisers will accurately manage risk, and “will always have an advantage over humans”. Mr James argued that robos are not subject to a domestic or “home bias” to the extent that human advisers are. “This [domestic] bias can limit diversification and, in a volatile environment, completely exposing an investor to just one market may not be the optimal way to meet their goal,” he said. He explained that robo-advisers can easily navigate volatility because they have […]
