Friday, October 7, 2022

Home loan hack: How 15,000 Aussies have saved $90 million in 9 months

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How much is a good mortgage broker worth? If you have a mortgage and the broker is using the AI tech platform Sherlok, it could save you tens of thousands of dollars a year. New data from Sherlok has revealed more than 15,000 Australians have saved a combined $90m on their home loans in nine months, by having savvy mortgage brokers negotiate with lenders to reprice mortgages on behalf of clients, when their rate becomes uncompetitive.

CBA’s x15ventures invests $1 million in Identitii subsidiary Payble

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Businesses pay a high price to collect missing funds, using expensive call centres to update billing details, request late payments or activate installment plans.

Survey points to improved gender diversity in funds management but progress stalls for senior...

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The overall improvement is encouraging, given the historic under-representation of women in the funds management industry

Acacia helps Australians to spend, save and build wealth sustainably

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Acacia, a fintech using the latest micro-service and cloud-based technology architecture and capitalising on open banking, is launching its app 23 August 2021.

Foreign exchange threshold deemed psychologically important for travel

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A study from Amadeus reveals that hidden charges levied by financial intermediaries lead to travelers facing high charges for the privilege of paying in a currency they understand.

Business customers identify clear differentiators in business banks

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Business Banks are differentiating their solutions and services in a competitive market as they digitalise offerings and respond to the need for more sustainable propositions.

How Australians can build their emergency money fund quickly

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Stop buying lattes and smashed avocado, separate your needs and wants, get a side hustle! That’s the money advice we are fed.  But the truth is, it’s not your morning coffee that’s keeping you out of the housing market or preventing you from building long term financial security. As a nation, we’ve never earned as much, owned as much, or been so highly educated, and yet  millennials struggle with money more than any previous generation. Why?  

Africans torn between multiple diversified domicile portfolios

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In 2022, the Caribbean island nations of St. Kitts and Nevis, Antigua and Barbuda, and Grenada are the most popular citizenship by investment programs that Africans ask about. Other favorites are the Montenegro Citizenship by Investment Program, which offers citizenship in Europe and all its associated benefits, such as visa-free travel to Europe’s Schengen Area countries, and the Turkey Citizenship by Investment Program, which has the Southern African countries predominated the growth markets on the continent in 2021.

Thought Machine closes $160 million Series D funding led by Temasek

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Thought Machine, the cloud native banking tech firm, announces it has closed its series D funding round, led by Temasek, the global investment company headquartered in Singapore, with participation from Intesa Sanpaolo and Morgan Stanley. Existing investors following-on in this round include: Eurazeo, ING, JPMorgan Chase, Lloyds Banking Group, and SEB.

Only 53% of banks will be ready for regulatory reporting in six months

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A report from Avanade, a Microsoft solutions provider, and EFMA, a non-profit organisation created by leading banks and insurers, has found that many banks are not on course to meet their environmental, social and governance (ESG) goals. The report, entitled “Taking sustainability seriously: Are banks ready?”, highlights how banks and financial institutions are under increasing regulatory pressure to track and monitor their ESG progress.