Saxo, Sharesight launch institutional reporting service
[ad_1] The service, integrated via an open API, will allow Saxo’s Australian clients to easily create aggregate trade reports. Through the solution, investors will be able to receive customized reports for both performance tracking and tax reporting purposes, including capital…
Can AMP save financial advice?
[ad_1] When AMP announced its new advice strategy last month, including a significant cut in practice values, the news was met with anger and disappointment from a significant group of its advisers. But unlike its main banking rivals, the group…
A platform for introducing OTC derivatives to the blockchain
[ad_1] Lira is a domain-specific language that can be used to write OTC financial contracts for assets currently on the ethereum blockchain, eToro said in a statement. He said the language is both secure and easy to program, while ensuring…
FinPal announces merger and rebrand
[ad_1] Both FinPal and MiiiA provide technology solutions for financial services businesses that use Microsoft’s business applications and cloud platform, including Dynamics 365, Power BI, Azure and PowerApps. FinPal founder and CEO Stephen Handley said the two businesses share a…
New digital banks face ‘significant risks’
[ad_1] In a research report published this week, Morningstar analyst Nathan Zaya said the neobanks were unlikely to cause disruption in Australia’s banking industry, which remains dominated by CBA, Westpac, NAB and ANZ. “Volt, 86,400, Up, Xinja and Judo are…
ACCC names first participants in open banking
[ad_1] The Australian Competition and Consumer Commission (ACCC) will test entrants for the information sharing system under the recently passed consumer data rights legislation after selecting 10 applicants from 40 applicants. The open banking regime officially debuted in July, when…
Cashwerkz announces strategic partnership
[ad_1] Cashwerkz chief executive John Nantes said AMAL Trustees Fund clients will benefit from a greater choice of cash and term deposit investments available to them through the platform. “Cashwerkz is pleased to welcome AMAL trustees to our platform. This…
Cybercrime creates fear and profits
[ad_1] The RBA’s latest financial stability review identified cyber attacks as one of the main non-financial risks to the Australian economy, citing the widespread use of outdated IT systems at Australian banks as one of the vulnerabilities hackers could exploit….
Neobanks don’t need to disrupt the big banks to have power
[ad_1] “Challenger banks should not become a ‘fifth pillar’ to serve the Australian community,” Ms Waterford said. “Their existence alone could force incumbents to up their game.” The speech comes after APRA granted neobank Xinja an authorized deposit-taking institution (ADI)…
Can algorithms destabilize the entire financial system?
[ad_1] The World Economic Forum’s new report, Navigating Uncharted Waters, was produced in collaboration with Deloitte and published today. It is based on more than 10 months of in-depth research, global workshops and input from companies such as RBS, Morgan…