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Hub24 managing director Andrew Alcock said there are advisers who are holding onto multiple technology platforms for “legacy reasons” which is in turn meaning less efficiency for their business.

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An Australian online asset allocation tool has been recognised as one of the ‘50 Best Fintech Innovators’ in the world in a new global ranking, while a US-based 'robo-adviser' took out top spot.

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Adviser Ratings has applauded the Financial System Inquiry's proposal to create a public-private sector committee to facilitate innovation.

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Advisers have been slow to explore new technology in recent years because FOFA has commanded their attention, a financial services start-up has suggested.

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Addressing shareholders at the company’s annual general meeting yesterday, AMP chief executive Craig Dunn listed financial advice client engagement technology among his top priorities.

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