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ASIC boosts support for regtech

KARREN VERGARA  |  WEDNESDAY, 31 MAY 2017
... number of organisations expressing frustration over complex compliance burdens. The corporate watchdog recently announced the next phase of supporting regtech's technological capabilities in helping clients meet regulatory obligations, by way of conducting ...

Tech industry opens niche markets for advisers

MICHELLE BALTAZAR  |  TUESDAY, 30 MAY 2017
... healthcare industries. According to the report, the first wave of digital disruption happened in 'knowledge jobs' but the next wave will impact 'muscle power jobs'. For example, we could see truck drivers operating in dangerous mining sites replaced ...

BGL partners with Link for automation

EMMA RAPAPORT  |  TUESDAY, 30 MAY 2017
... balances from holding statements or a share registry website. "These days are gone for Simple Fund 360 clients. This is the next step towards zero touch processing in Simple Fund 360," Lesh said. Integration with Link Market Services is available now ...

No spend, no inflation

BENJAMIN ONG  |  TUESDAY, 30 MAY 2017
... consumer confidence survey (43.2 from 43.9 in March), Japanese workers are not expecting growth in wages at least over the next six months - income growth expectations fell to a reading of 41.2 in April (the lowest in five months) from 42.2 in March. ...

Xero accelerates AI and machine learning

EMMA RAPAPORT  |  MONDAY, 29 MAY 2017
... take a break follows his completion of a two-year migration to Amazon Web Services (AWS), assisting Xero to prepare for the next wave of industry innovation. "We're pleased that Duncan is able to take a well-earned break," Drury said. "In his six years ...

Global real estate investors too nonchalant: Man GPM

JAMIE WILLIAMSON  |  MONDAY, 29 MAY 2017
... such as US commercial real estate, rising 39% above their previous record peaks. Although no one knows the timing of the next downward correction in real estate, it seems likely to us that we are now past the halfway point at the very least," Syrjanen ...

Banking and Finance Oath secures strong conference program

DARREN SNYDER  |  MONDAY, 29 MAY 2017
The Banking and Finance Oath holds its inaugural conference in Sydney next week and it has secured an impressive lineup to drive the importance of trust and ethical foundations in financial services. Banking and Finance Oath executive Cris Parker said ...

Robo-advice not a priority for 2017-18: Spot poll

DARREN SNYDER  |  MONDAY, 29 MAY 2017
Six in 10 financial services professionals say that robo-advice will not form part of their business in the next 12 months, according to the Financial Standard weekly readership survey. The online poll published on the Financial Standard website last ...

Fees at the innovation frontline

ALEX BURKE  |  MONDAY, 29 MAY 2017
... Remerga's funds will be charged a management fee of 0.45% for the first three years which is then reduced to 0.4% over the next two years, followed by an ongoing reduction to 0.35%. The performance fee is 10% of the net excess return above the MSCI Emerging ...

Good to go

BENJAMIN ONG  |  MONDAY, 29 MAY 2017
... Federal Open Market Committee meets on 13-14 June. The odds of the Fed raising the fed funds rate from 0.75%-1.0% to 1.0%-1.25% next month have already risen to more than 83% after the minutes of the 2-3 May meeting was released three weeks after. Chances ...