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07 November 2017 • By Jessica Yun • 1 min read

Big banks face ‘critical’ challenges: KPMG, EY

The big four banks have delivered ‘solid’ full-year results in 2016-17, but face technological and regulatory headwinds, according to both KPMG and EY

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FOFA driving advisers away from platforms

The pressure to comply with the FOFA best interests duty is compelling many financial advisers to abandon traditional wealth management platforms, ...

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Monthly fintech revenues triple in a year

The median monthly revenue growth for Australian fintech companies is up 208 per cent over the year to June 2017, according to a new report by EY and ...

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‘Neobanks’ to crowdfund through Equitise

Crowdfunding legislation passed last month has allowed for fully digitised “neobanks” such as Xinja to raise capital through online crowdfunding ...

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Fintech sandbox to be ‘enhanced’

ASIC’s regulatory sandbox will be expanded to include a wider range of fintech products and services following relatively poor take-up by the industry

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Australia a target for international fintechs

Australia’s wealth management industry is an attractive prospect for foreign technology firms and will likely see international players enter the ...

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Fintech top global disruptor: KPMG

“Emerging financial technologies” have been singled out as the top disruptor for financial institutions around the world, according to KPMG

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NAB trialling IBM blockchain technology

National Australia Bank is one of a number of global banks that are trialling a cross-border payments solution powered by IBM Blockchain

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Praemium adds four managers to SMA

Praemium has added 16 new multi-asset models to its separately managed account (SMA), which now has $4.3 billion in funds under management. Wealth ...

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Fund managers ‘decades behind’ on tech

Most of the quantitative analysis behind multi-factor models can be done in a fraction of the current time, says Boston-based fintech Elsen

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