Faster net speeds and more mobile activity benefit business

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Australians are downloading more data on their mobile phones and are accessing the internet at faster speeds, which will benefit all businesses using the internet, according to FinaMetrica, an Australian business selling its online risk-profiling solution globally. Data released today from the Australian Bureau of Statistics (ABS) reveal mobile wireless is now the most prevalent

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SMSF asset allocations a cause for worry? Downturn will hit hard when it comes

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Self-managed superannuation funds’ (SMSFs) investment exposures at the end of the June quarter reveal high equity concentration risks, which leave many retirees vulnerable to an Australian share market downturn, according to Paul Resnik, Co-Founder of FinaMetrica, which specialises in the risk profiling of investors. Data from the Australian Taxation Office (ATO) reveals SMSFs invested $177.6 billion

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Software investment hits record $3.26 billion

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Australian businesses invested a record $3.26 billion in software in the second quarter of 2014, reflecting the rising importance of information technology to the economy overall and to the financial services sector in particular, according Paul Resnik, Co-Founder of FinaMetrica, a software provider for the wealth management industry. Second-quarter Australian National Accounts data from the

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Senate report doesn’t go far enough to protect consumers

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Australian investors have inferior protection from poor investment advice compared to their peers around the world. That situation won’t change any time soon, despite the findings of a Senate report into the performance of the ASIC, according to Paul Resnik, co-founder of FinaMetrica. “Of the 61 recommendations made by the Senate Economic References Committee, not

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Australian businesses rake in record $246.4bn from internet

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Australian businesses earned a record $246.4 billion from internet sales in 2012-13, up from $237.1 billion in 2011-12, reflecting the rising importance of  e-commerce to economic activity, according to Paul Resnik, co-founder of FinaMetrica, an Australian software business which draws all its revenue from internet sales. The report from the Australian Bureau of Statistics (ABS),

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Australian software spending strikes record $3.19 billion as efficiencies sought

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Australian businesses invested a record $3.19 billion in software in the first quarter of 2014 as they sought efficiency gains, while productivity inched ahead, according to gross domestic product statistics released yesterday by the Australian Bureau of Statistics.   Reflecting the rising importance of technology within the economy, the seasonally adjusted private computer software spend

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Faster net speed boosts efficiency of financial service businesses

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Australians are accessing the internet at higher speeds, helping to improve the efficiency of online financial services businesses, according to FinaMetrica, an  Australian business that has won a high profile international award for its online solution which assesses the risk tolerance of investors. Data released this week from the Australian Bureau of Statistics (ABS) reveal there

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