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Showing 1 - 10 of 3319 results for %22Financial Technology%22

Goldman Sachs ditches robo-adviser Marcus Invest

KARREN VERGARA  |  FRIDAY, 26 APR 2024
... assets under management among 850,000 customers. It will only transition accounts and associated AUM and not staff, technology, or operations involved in running the robo-advice offering. The transition is expected to take place around the end of June. ...

S&P/ASX200 tipped to hit 8300: VanEck

KARREN VERGARA  |  TUESDAY, 23 APR 2024
... price to 12-month forward earnings (forward PE) above its historical average," the report read. In the year to March, technology stocks returned 51%, while real estate and financials delivered 37% and 28% respectively. The banks appear to be overvalued ...

T. Rowe Price appoints local operations chief

ELIZABETH FRY  |  FRIDAY, 19 APR 2024
... assets under management, has appointed a regional operating chief who will relocate to Sydney from the London office. Financial services and operations professional Tim Chamberlain is the new Asia Pacific regional chief operating officer, effective next ...

Sequoia chair steps down

KARREN VERGARA  |  FRIDAY, 19 APR 2024
The chair of Sequoia Financial Group, John Larsen, has resigned from the position and his replacement has been appointed. Larsen's last day as chair was April 18 following five years at the post. He will stay at Sequoia as a non-executive director and ...

The Aussie wealthtech firms that are 'most innovative'

ANDREW MCKEAN  |  TUESDAY, 16 APR 2024
... its Equate product, which offers online tools and calculators to credit unions, banks, lending institutions, and other financial services organisations. GBST also renewed a five-year contract with an Australian Tier 1 financial services organisation ...

HUB24 hits $100bn milestone

KARREN VERGARA  |  TUESDAY, 16 APR 2024
... HUB24 said. "This percentage has been lower over the quarter compared to the average during 1HFY24." There are now 4382 financial advisers using the platform, the total growing 17% year on year. In February, HUB24 launched a prototype of the new Class ...

Netwealth's share price rises following strong inflows

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
... large transitions, heightened seasonal flows, and increased market activity. It also highlighted the rapidly evolving technology landscape, emphasising its active exploration and implementation of generative artificial intelligence to enhance efficiency ...

Mercury Capital acquires KKR's stake in Findex

ANDREW MCKEAN  |  WEDNESDAY, 10 APR 2024
... "... this partnership enhances our ability to respond to the urgent need for cost-effective, high-quality, integrated financial advice across Australia and New Zealand," Findex chief executive Matt Games said. "Our scale and record of outstanding investment ...

GBST develops private equity platform

ANDREW MCKEAN  |  WEDNESDAY, 10 APR 2024
... enabled a rapid market entry which was one of Luna Partners' main goals," he said. "It's the combination of our teams' financial services and digital expertise that enables this kind of incredible innovation." Luna Partners co-founder Edward Caser said ...

Morningstar warns of stretched valuations in Australian equities

ANDREW MCKEAN  |  TUESDAY, 9 APR 2024
... likelihood of rate cuts later in the year - has lessened opportunities to buy "meaningfully undervalued" stocks. He said that financial services and technology, being the most overvalued sectors, might face pressure if interest rates don't decrease as ...
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