Ongoing negotiations with market participants about a potential blockchain replacement for the CHESS settlement system are likely to bear fruit later this year, says the ASX.
Software provider Decimal has announced a partnership with Mercer that will see its Eqilize robo-advice technology rolled out across the superannuation funds managed by the consultancy firm.
Software and services companies comprised approximately 20 per cent of all successful IPOs in the 2016 calendar year, according to Herbert Smith Freehills.
Financial services companies must not neglect the maintenance of their core technology in favour of “shiny new [fintech] toys”, says APRA chairman Wayne Byres.
The Australian Securities Exchange (ASX) expects to see technology listings on the ASX proliferate in the near future, with fintech companies to play a significant role.
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