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How FinTech is Shaping Investment and Asset Management How FinTech is Shaping Investment and Asset Management

The increased interest in fintech management is also contributed to by the high amount of fees charged by active managers who nevertheless are no match for robo-advisors.

Australia’s funds management industry is the largest in the Asian regionAustralia’s funds management industry is the largest in the Asian region

Australia’s funds management industry (also referred to as “managed funds” or “investment funds”) is the largest in the Asia-Pacific region and the sixth largest in the world, according to the survey produced by Washington-based Investment Company Institute.

Robots, Artificial Intelligence to make many fund managers obsolete: expertRobots, Artificial Intelligence to make many fund managers obsolete: expert

Google is likely to harness its massive financial and data firepower to emerge as a funds management powerhouse, a global finance guru has warned, as artificial intelligence and robots make obsolete many of the world’s highly-paid fund managers.

Top five credit card providers in Australia Top five credit card providers in Australia

October 14, 2016

The Australian credit card market is incredibly competitive, with a wide range of banks and other financial institutions offering different products. Some of these providers are household names, while others have more of a specialised niche in the industry.

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Bank conservatism leading to non-bank credit boom Bank conservatism leading to non-bank credit boom

September 21, 2016

According to the Australian Bureau of Statistics (ABS) there are more than 2.1 million actively trading businesses operating in Australia, with construction businesses being the most common.

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Those ridiculous credit card surcharges are now illegal in Australia Those ridiculous credit card surcharges are now illegal in Australia

September 01, 2016

If you’ve been stung by a gross payment method surcharge on concert tickets or flights, today brings good news. A new ban on large businesses charging consumers excessive payment surcharges for using EFTPOS, MasterCard, Visa and American Express cards issued by Australian banks is now in place.

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Australia recognised for embracing fintech startups Australia recognised for embracing fintech startups

August 24, 2016

KPMG and CB Insights analysed the global status and outlook of fintech venture funding in their Pulse of Fintech Q2 2016 report and found VC-backed fintech companies raised $2.5 billion through 195 deals, a 12% decline in volume compared with Q1 2016.

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New credit card reforms proposed New credit card reforms proposed

June 14, 2016

In the dying hours of the 44th parliament, the federal treasury released a discussion paper titled “Credit cards: improving consumer outcomes and enhancing competition”. The paper notes that for a particular subset of consumers, credit cards “may impose a substantial burden on financial wellbeing”.

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