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09 May 2017 • By • 1 min read

Rubik Financial takeover finalised

The acquisition of fintech firm Rubik Financial by Temenos Solutions Australia has been finalised following the submission of court orders with ASIC

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Foreign firms could “colonise” Australian banking

Australia’s slowness to offer open data leaves the country’s banking sector open to an incursion from more competitive foreign companies, according to ...

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ETF pioneer leads robo-adviser capital raise

Automated investment provider Stockspot has announced the closure of a $3 million fundraising exercise off the back of support from a prominent ...

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KPMG flags licensee supervision risks

ASIC’s finding that many licensee audits are inadequate means licensees need to find better ways to monitor and supervise their authorised ...

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Macquarie records 7.5% full-year profit growth

Macquarie Group has reported healthy profit growth for the year ending 31 March 2017 despite “challenging market conditions”. The bank’s net profit ...

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Markets returning to ‘old normal’

The recent upturn in markets looks to be more than a “cyclical bounce” and likely marks the beginning of a transition to a period of better growth, ...

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FPA appoints independent tribunal chair

The Financial Planning Association has appointed Graham McDonald to chair its Conduct Review Commission as part of the association’s move to become a ...

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Robo-advice is not disruptive: Reinventure

Automated advice is not a disruptive innovation and will only sustain the existing business models of the major banks, according to venture capital ...

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ASIC stifling fee reductions: Rice Warner

The introduction of new disclosure rules for super funds could inadvertently halt the downward trend in fees towards 1 per cent, says Rice Warner

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NAB profit flat as bad debts increase

NAB has posted a flat cash profit of $3.29 billion in a half-year result that is largely in line with analyst predictions, but bad and doubtful debts ...

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