Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 392 results for "Automated"

Netwealth relaunches Wealth Accelerator

JAMIE WILLIAMSON  |  FRIDAY, 30 JUN 2023
... access a rich suite of online features, such as sophisticated cash management tools, managed accounts technology and automated rebalancing and Record of Advice functionality," Netwealth added. Commenting, Netwealth managing director Matt Heine said the ...

Investors trust ChatGPT for advice

KARREN VERGARA  |  MONDAY, 26 JUN 2023
... OpenAI's latest tool GPT4, a separate study by German academics found it provides financial advice on par with low-cost automated advice. GPT-4 is effective at risk profiling and matching information on the client's situation to a suitable portfolio ...

Macquarie shifts toward AI-first banking

CASSANDRA BALDINI  |  WEDNESDAY, 21 JUN 2023
... explained this includes "predictive analysis models" to provide targeted in-app functionality and streamline banking with automated processes. "Over the past decade, we've made significant investments in the technology that underpins our retail banking ...

ASIC flags AI regulation remit

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... digitisation of assets, carbon markets, FX, and lending," he said. In another example, ASIC expects to consult on expanding automated order processing rules to futures markets to reflect developments with AI next financial year. "We are also planning ...

Advice regtech acquires TIQK assets

KARREN VERGARA  |  WEDNESDAY, 7 JUN 2023
... more rapid disruption of the highly fragmented advice assurance market. "Our first-generation product was sufficiently automated to attract around 12% of Australian advisers to our hybrid "bionic" advice service. This acquisition will expedite development ...

Poor policy administration sees MLC Life pay $22m

JAMIE WILLIAMSON  |  FRIDAY, 19 MAY 2023
... called Eclipse which provided communications to customers but was configured by the life insurer to manually suppress automated communications to certain customers. The court found MLC Life did not adequately train staff to remove the flag after reasons ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... employers; however, she said with digital innovations like SuperStream and single-touch payroll, super payments have become automated, requiring no extra manual effort. Highlighting the positive impact on super fund members, Rest chief executive Vicki ...

Venture capital rout rattles advice technology sector

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... distribution partner," the advertisement said. HoganSprowles was also appointed liquidator of TIQK, a startup that provided an automated and objective assessment of financial advice, promising to audit Statements of Advice within a matter of seconds. ...

ASIC bans Gold Coast businessman

CASSANDRA BALDINI  |  TUESDAY, 31 JAN 2023
... Gregory William Finerty, the sole director of Bradford AI, has been handed down the penalty following the hiring of an automated trading robot, designed to work on foreign exchange (FX) trading platforms. Bradford AI leased "Robot 1" to trade on the ...

Insignia saves thousands of hours with AI

CASSANDRA BALDINI  |  MONDAY, 30 JAN 2023
... Optimus in 2019 and has since steadily increased its digital workforce. It explained over 60 processes are currently being automated, reducing costs and improving business efficiencies, saving on average 15,000 full time employee hours per month. The ...