2020 has seen individuals, business and government living, managing and surviving crisis after crisis – and it’s only March. Bushfires, floods and now the most significant health crisis in the last 100 years. Whilst not everyone has been directly impacted by the first two, we are all impacted by COVID 19. Never before have financial […]
continue readingSo you’ve got an awesome idea, MVP or full product/service offering and are eager to disrupt the market… but don’t know how you’re regulated or how to comply? I’m not surprised! The Australian regulatory landscape is complex and can favour incumbents and the big end of town. Start-ups often find regulatory requirements confusing and an […]
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26
Mar
2020
Australian executives spanning technology, venture capital, private banking, accounting and financial planning have joined forces to drive much-needed change in the advisory sector, launching WOWCON 2020. The Whole of Wealth (WoW) summit, which will be held at Crown Casino in Melbourne on June 3-4 aims to reboot the financial advice and accounting sectors after what […]
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10
Mar
2020
Post Royal Commission, financial institutions are cleaning up their act and cleaning up their customer data, according to QMV managing director, Mark Vaughan. “Banks, superannuation funds, insurers and wealth managers have been working overtime since the Royal Commission, unpicking data issues and, of course where needed, compensating customers for account errors such as fee-for-no-service and […]
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09
Mar
2020
McGrathNicol has announced the launch of FDetect, a new technology-enabled forensic investigations and risk profiling service developed in collaboration with leading technology and analytics startup, ResponSight. A study conducted by the Ponemon Institute reports that it takes an average of 281 days to identify and contain a cyber breach in Australia, with the average cost […]
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21
Feb
2020
A software application has been launched that enables trustees of self-managed superannuation funds (SMSFs) to manage their own fund and save on expensive accounting fees. The software, branded DIYSOL, was developed by career accountant and SMSF trustee Jeff Bain. “It makes no sense for people running a super fund to pay an accountant – sometimes […]
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22
Jan
2020
Adviser-led technology and services is increasing efficiencies and the ability for financial advisers to better service the investment needs of their clients, according to WealthO2 managing director, Shannon Bernasconi. Research undertaken by WealthO2 suggests advisers are increasingly needing efficiency and automation of compliance, like ROAs, audit trails, seamless model changes through to clients, alerts and […]
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22
Nov
2019
Bitcoi Ethereum Ripple Bitcoin Cash Litecoin What is Bitcoin? The simplest definition of Bitcoin is that it is digital currency. Although digital currencies have existed in the past as fiat or centralised currencies, being controlled by a central authority, the Bitcoin protocol has created its own authority as a de-centralised currency. Bitcoin began as philosophy towards […]
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30
Sep
2019
The clients of a financial advisory practice are arguably its most valuable asset; a failure to protect client data may not only have legal ramifications, it’s also a question of ethics. Failing to provide a safe physical and online environment for sensitive financial information could expose clients to fraud, identify theft and financial loss. Another […]
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17
Sep
2019
Deakin researchers have partnered with financial services provider IOOF to apply artificial intelligence (AI) to the company’s in-house client administrative system – making processing times up to 400 times faster. The project, led by Deakin University’s Applied Artificial Intelligence Institute (A²I²), aims to streamline the handling of hundreds of email queries received by IOOF business […]
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12
Sep
2019
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