Wealth

Assistant minister for superannuation, financial services and financial technology Jane Hume has heralded fintechs as holding the potential to boost the cost-efficiency of self-managed super funds and resultantly expand the sector.

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Superannuation technology services provider OneVue has managed to recoup $4.36 million from casting off Sargon Capital’s shares in Sequoia Financial Group, with its next priority being to sell the troubled fintech’s advice company Madison Financial Group.

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Morgan Stanley has pushed into retail in the largest Wall Street acquisition since the GFC.

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Up has reported an influx of more than 165,000 customers for the half year ending in December, while parent company Bendigo and Adelaide Bank has kicked off a $300 million capital raise for technology developments.

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Cashwerkz has partnered with HUB24’s Agility Applications to develop an app for streamlining the management of At Call and Term Deposits for financial advisers.

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