Friday, October 7, 2022

Most downloaded apps: Is traditional finance management on its way out?

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The end of the financial year is nearly upon us and Sensor Tower, the market intelligence firm, has lifted the lid on which apps Aussies are downloading to help get their finances in check. The data has revealed it appears a new era of fintech is starting to shape Aussies' personal finance management with crypto apps and BNPL apps consistently featuring in the top 10. 

Millennials move beyond meme stocks, demand more choices

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DriveWealth, LLC, a fintech investment rail and pioneer in fractional investing, released its DriveTrends study, “The Year of The Millennial Trader: Trading Remained Trendy Despite Market Uncertainty,” a look at how the bear market many investors have faced impacted trading behaviors of millions across APAC, EMEA, LATAM, and U.S. in the first half of 2022.

Economic downturn: 8 ways Aussies can save more money as prices soar

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Recent data released by the Australian Bureau of Statistics showed prices climbing by 6.1% in the June quarter, driven primarily by the increasing cost of food and fuel. Especially for those with kids, financial outgoings like education, grocery and days out can set you back.

Harbourfront closes transaction with US-based Audax Private Equity

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The Harbourfront Group of Companies, which includes Harbourfront Wealth Management Inc. (Harbourfront Wealth), a Canadian independent wealth management and planning advisory firm, announced the close of its previously announced strategic investment from Audax Private Equity (Audax), a US-based strategic partner that specializes in the middle market. The transaction successfully closed on September 9, 2022, pursuant to regulatory approval.

Magnite invests in new data centre in Singapore to support growing Asia Pacific business...

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Magnite’s DV+ and CTV platforms in Singapore will standardise operations and provide maximum efficiency for buyers and publishers. The investment also allows Magnite to provide the robust technical capabilities necessary to support increased traffic.

Aussie University students’ marketplace QPay announces strategic alliance with Volt

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Australia’s largest marketplace for university students, QPay, has teamed up with neobank Volt to enhance and streamline its range of student services and provide integrated payment and savings capabilities, in a partnership that will kick off in the second half of 2021.

Way Forward reveals mental toll of financial hardship on Australians

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Way Forward: Quantifying the mental toll of debt stress report explores the experiences of Australians in financial hardship and committed to a debt repayment plan with Way Forward.

The pandemic prompted a big spike in SMEs relying on trusted advisors

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SMEs are more likely to turn to someone for business advice than they were four years ago, according to a study by ANZ's ScotPac. ScotPac senior executive Craig Michie said ScotPac's latest SME Growth Index recorded a significant decline in the number of business owners who have to ‘go it alone’.

Payer gets new Chief Commercial Officer amidst growth boom

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Payer, the leading B2B payments provider for digital commerce has appointed Stefan Backlund as new Chief Commercial Officer. Stefan is a payments veteran with leading marketing roles at Klarna and Trustly under his belt. He is now transitioning from the CMO role that he has had since 2019, at the time when the company started to receive its first transactions through its payments platform.

Gallagher Basset appoints Pete Diskin as its new Chief Client Officer

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Gallagher Bassett Australia has appointed Pete Diskin as Chief Client Officer to lead growth and retention strategies for its Australian business across all product lines and markets. Diskin relocates from the UK, where he has been the Chief Client Officer since 2018, following 17 years with Gallagher Bassett (GB) in Australia in operational, sales and leadership roles.