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25 September 2019 • By James Mitchell • 1 min read

New digital banks face ‘significant risks’

Morningstar has low hopes for new banks like Volt, Xinja, 86 400 and Judo, which it says are at high risk of taking on low-quality debt in the pursuit ...

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ETF use ‘low’ among Aussie investors: Morningstar

Managed accounts still dominate the Australian market, with the use of exchange-traded funds only accounting for 2.5 per cent of all assets under ...

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FinPal announces merger and rebrands

Financial services software platform FinPal has announced plans to merge its technologies and services with a similar firm as well as operate under a ...

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Platform to bring OTC derivatives onto blockchain

Multi-asset broking firm eToro has released the details of its new open-source programming language for financial contracts as it attempts to bring ...

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Can AMP save financial advice?

EXCLUSIVE The embattled wealth manager has outlined an ambitious strategy to deliver financial advice to more Australians at a time when its ...

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Saxo, Sharesight launch institutional grade reporting service

Saxo Markets has teamed up with Australian portfolio tracking and tax reporting service provider Sharesight in an aim to provide an open banking-like ...

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Managed accounts attract $9.3bn in 6 months

Strong managed account inflows over the first six months of 2019 are a vote of confidence for Australia’s financial advisers. The Institute of ...

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First neobank launches products to public

86 400 has become the first neobank to launch its products to the general public, offering consumers both a savings and transaction account

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New entrant to banking industry granted ADI

APRA has granted neobank Xinja its full banking licence with the digitally designed bank already offering accounts to early customers. The neobank ...

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AMP Wealth head pushes robo-advice

AMP Wealth Management chief executive Alex Wade has said it is the “moral obligation” of the industry to provide affordable advice, backing digital ...

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