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Financial institutions will be forced to invest more heavily in technology to compete as smaller wealth managers tie up with tech providers, a mergers and acquisitions consultant has predicted.
Software provider AdviserLogic has launched its 'licensee console' and 'licensee CRMl tools', which it says will assist AFSL holders deliver services more effectively.
Lonsec Stockbroking has unveiled FrontOffice, a cloud-based practice management tool developed in collaboration with GBST, it says will provide “a complete solution to manage whole-of-client net wealth”.
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.
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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