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Showing 5511 - 5520 of 17959 results for "Bank"

Venture capital sector booming but needs greater government support

KARREN VERGARA  |  THURSDAY, 18 JAN 2018
Millennial super fund Spaceship, artificial intelligence and machine learning companies were among the beneficiaries of Australia's booming venture capital market in 2017, but two industry bodies have called on the Government to increase its support ...

Industry veteran to join YBR executive team

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2018
... executive lineup to "contribute more to company strategy and its execution." Ganis is a former executive director of Macquarie Bank, having co-founded Macquarie's mortgages and securitisation business and most recently serving as head of its intermediary ...

ANZ Wealth tests AI-driven underwriting

KARREN VERGARA  |  THURSDAY, 18 JAN 2018
... assessment in a matter of days. In December 2017, ANZ sold its life insurance business for $2.85 billion to Zurich in a move the bank described as a "simplification" of its wealth division. Upon completion, Zurich will own 100% of One Path Life Australia ...

ASIC bans ex-CBA adviser for five years

KARREN VERGARA  |  THURSDAY, 18 JAN 2018
... Mario Alafaci copped a permanent ban as of 22 December 2017 for instructing clients to pay fees-for-service into his personal bank account. ASIC said Alafaci, an authorised representative of Centra Wealth between 2 July 2014 and 11 January 2016, was ...

Chief economist update: Consumers don't spend on confidence alone

BENJAMIN ONG  |  THURSDAY, 18 JAN 2018
... re-weakened (if that's a word) and China's double-digit growth went single. But perhaps the more direct cause was the Reserve Bank of Australia's (policy response), it continued to raising the official cash rate from what was then the all-time low of ...

J.P. Morgan wins global fixed income mandate

ALEX BURKE  |  WEDNESDAY, 17 JAN 2018
J.P. Morgan Asset Management's unconstrained global fixed income strategy has received a key investment from an Australian boutique multi-manager. Alpha Fund Managers invested in the JPMorgan Global Bond Opportunities Fund with a view to "enhancing ...

SuperConcepts ramps up digital transformation

KARREN VERGARA  |  WEDNESDAY, 17 JAN 2018
... administrative tool Connected Services to give SMSF members greater visibility and faster access to assets, in addition to bank accounts, term deposits, life insurance, managed investment schemes, investor directed portfolio services, securities and ...

Macquarie adopts open banking solution

KARREN VERGARA  |  WEDNESDAY, 17 JAN 2018
Macquarie customers will be one of the first to test the new open banking regime with the help of a fintech. Retail finance solutions provider Zip Co, which operates under its zipPay and zipMoney brands, will allow Macquarie customers to add banking ...

Global wealth manager champions embattled digital currencies

JAMIE WILLIAMSON  |  WEDNESDAY, 17 JAN 2018
One of the world's largest independent wealth management firms will introduce a cryptocurrency app, despite recent price slumps and having labelled it "a major gamble". deVere Group announced the launch of deVere Crypto which will allow users to store ...

Chief economist update: One hike this year, one hike next year

BENJAMIN ONG  |  WEDNESDAY, 17 JAN 2018
... inflation dropped to 2.5% in December from a six-year high of 2.7% in November (3.1% in December 2011). This followed the Bank of England's (BOE) decision to raise the Bank Rate by 25 basis points to 0.5% at its 2 November 2017 meeting which, in turn ...