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Can Open Banking ease the AML burden?

Can Open Banking ease the AML burden?

20 November 2018

Freddie Findlater “Anti-money laundering is a big thing for any institution. We (at Ascentric) have payments in and out, we have tens of thousands of clients and money going both ways all the time” Sean Hawkins, Strategic Partnerships Manager at Ascentric, noted the above and the overall importance of anti-money laundering (AML) requirements at our recent Open... MORE

Power to the people: Can investors use Open Banking to take control of their finances?

Power to the people: Can investors use Open Banking to take control of their finances?

13 November 2018

Freddie Findlater Today most investors see their financial picture in fragments, with little connection between their short-term savings and longer-term vehicles such as a pension. For many, a financial adviser can play an important role in bringing this together and helping people see a fuller picture of their wealth. However, professional advice is still not necessarily accessible... MORE

Opportunities from Open Banking: Can sharing data allow companies to nudge investors to save more?

Opportunities from Open Banking: Can sharing data allow companies to nudge investors to save more?

16 October 2018

Freddie Findlater As an industry we are fully aware that engaging people with savings, whether that be long or short-term, has always been a struggle. We have been battling for many years to get consumers to understand the need for savings and, while we still have a long way to go, the industry is taking steps in... MORE

How Open Banking could improve the quality of retirement planning advice

How Open Banking could improve the quality of retirement planning advice

27 September 2018

Nick Parsons They say it is never too early to start planning for your retirement and, since pension freedoms opened a range of new opportunities for savers, being sufficiently prepared has never been more important. The decisions that savers make at retirement could shape their income for the rest of their lives. The importance of which advisers... MORE

Open Banking can help transform financial advice

Open Banking can help transform financial advice

20 September 2018

Freddie Findlater Open Banking has ushered in a new era of data sharing that could transform the way we borrow, save and access financial products. While the benefits to consumers have been well trailed, most analysis of Open Banking fails to unpick the potential effects on the financial planning industry. Its arrival comes at a time of... MORE

Open Banking in Financial Services – Where might it go next?

Open Banking in Financial Services – Where might it go next?

10 September 2018

Nick Parsons I was really pleased to welcome participants from investment platforms, financial advisers, and workplace pension providers to our latest technology roundtable, to discuss the opportunities and challenges presented by Open Banking to the financial services market and the financial advice profession. As an industry leading provider of software solutions, Bravura creates and uses technology to... MORE

How can super funds remain competitive in an API-dominated world?

How can super funds remain competitive in an API-dominated world?

2 July 2018

Scott Kendall Fintech is often viewed as a disruptive factor for superannuation funds. When you consider where fintech firms have concentrated their activity in Australia, it is clear they have singled out more lucrative industries, such as the retail sector. With tech giants such as Google and Amazon yet to turn their full attention towards Australia’s superannuation... MORE

The changing face of the financial advice market

The changing face of the financial advice market

13 June 2018

Freddie Findlater Post RDR, if you were to think about client segmentation within the financial advice industry it was likely as simple as those who had more than £100,000 to invest and those who did not – with providers arguing that the cost of servicing those clients below the threshold had become too high.  Of course, there... MORE

How automation differentiates your financial services firm from the rest

How automation differentiates your financial services firm from the rest

5 June 2018

Marwan Kansoh For many businesses, optimizing operations and processes is a real struggle. Not doing so usually leads to loss of productivity, service agreement breaches and increased costs. For wealth management and financial service providers, success relies on the quality of the service you provide to the end-user. This is why automating your processes through workflows, DevOps... MORE

Investing in next generation technology is a strategic imperative

Investing in next generation technology is a strategic imperative

1 June 2018

Kirsty Worgan An often-one-sided debate has flared over the past year about whether the investment that platforms make in technology upgrades is economical. Recently, industry commentator Heather Hopkins of consultancy practice NextWealth, produced a more balanced article on “re-platforming” for New Model Adviser. As one of the main suppliers of those systems, I am sure it will... MORE