CoinSpot becomes first Australian Crypto Exchange to complete an external statutory financial audit
CoinSpot has announced that it has become the first Australian Crypto Exchange to complete an external statutory financial audit.
How one financial planner’s cultural change is helping tackle Australia’s debt problem
Financial planners are helping to tackle Australia’s escalating debt problem as the industry shifts from selling products to providing holistic advice with money management at its core. Australia’s household debt-to-income ratio has risen sharply in recent years and now ranks as one of the highest in the world at about 190 per cent, according to the Reserve Bank of Australia. Meanwhile, more than one in six (18.5 per cent) consumers are struggling under a mountain of credit card debt, according to a report by the corporate regulator, ASIC. Yet only a minority of financial planners offer money management or budgeting advice, citing concerns about the time it takes to offer […]
Australian financial regulator to focus on ICOs and cryptocurrency exchanges
In its 2018-22 corporate plan report, the Australian Securities & Investments Commission (ASIC) revealed it would be focusing on cryptocurrencies with an emphasis on ICOs and exchanges. The Australian Securities and Investments Commission (ASIC) published a report this week that details its plans to tightly scrutinize the crypto industry in the country. The areas of great focus, according to the regulator, will be on crypto exchanges and Initial Coin Offerings (ICOs). The detailed report was part of the regulator’s ‘Corporate Plan 2018-2022′, which explained its plans for 2018 and 2019. ASIC’s mandate includes oversight over the country’s financial services, markets, corporate investments, and consumer credit. ASIC mitigating crypto risk for […]
Optimo Financial releases changes to super software
Sydney-based fintech firm, Optimo Financial is releasing new alterations for its Pathfinder Online superannuation strategy software, ahead of the super changes legislated to apply from 1 July this year. Optimo Financial chief executive, Hugh Bannister, said that the optimisation technology which underpinned the Pathfinder Online software and incorporated tax law, super legislation, family tax benefits, and the Age Pension, would overhaul in time to include changes from the Fair and Sustainable Superannuation Bill. “We can develop, test and deploy legislative changes very quickly in Pathfinder,” Bannister said of the alterations to the software. “We believe we are the first software provider to include the recent super changes.” Optimo Financial would […]
Geopolitical and Cyber Risks remain top threats to the Financial Services Sector in 2025
DTCC’s annual Systemic Risk Barometer Survey identifies Geopolitical and Cyber Risk as the top threats to the financial services industry in 2025.
Bell Financial Group enters into Scheme Implementation Deed to acquire Selfwealth
Bell Financial Group have entered into a Scheme Implementation Deed with SelfWealth to acquire 100% of Selfwealth’s shares.
Research reveals data integration, fragmentation and product implementation as chronic pain points among financial advisers
The research highlights data fragmentation and lack of standardisation as the primary hurdles in the Australian wealth management landscape.
Navigating the Data Privacy dilemma within Financial Services
Many businesses within the Australian financial services industry are accelerating their efforts to extract measurable value and monetise their data.
