Despite being a growing reservoir of funds under management, this critically important pool of capital is confronting mounting problems collating and disseminating key data in a timely manner.
The ratings house is pinning its growth strategy on a revamped methodology that increases the emphasis on governance to 25 per cent – a timely move considering APRA’s proposed reforms.
AussieSuper gets behind fintech showcase
Ian Dunbar
AustralianSuper has sided with the NSW Government and data provider Dion Global Solutions in getting behind the latest major fintech startup conference, which takes place in Sydney next week. The conference will showcase 32 Australian and New Zealand innovators in the space.
Ian Dunbar, the former UBS executive who was instrumental in the member direct investment options of AustralianSuper and several other industry funds, is overseeing the event, at the Ivy Ballroom on September 24.
He has formed a network known as Afiniation, which includes events, a newsletter and other communications, to provide co-operative marketing and other services to the nascent fintech industry.
AustralianSuper has become a sponsor of the event, at which NSW Minister for Innovation and Better Regulation, Victor Dominello, will speak. The NSW Government has promoted the country’s largest incubator of fintech, Stone & Chalk, which is financially supported by more than 20 big companies, including AMP. AMP’s former chief executive and current director of Westpac, Craig Dunne, is the chair. Stone & Chalk has room for nearly 100 start-up operations on two floors of AMP’s Bridge Street building in Sydney.
The showcase includes Avoka (winner of Finovate Best in Show May 2015 Silicon Valley and named “Most Innovative Customer Engagement Solution” for Citi Mobile Challenge Europe, the Middle East and Africa earlier this year), Serko (the dominant corporate travel management system in Asia Pac with 2 million users and 30 per cent of all corporate travel flowing through their system), Listcorp (the world’s first on-line communications platform designed to dramatically improve the way listed companies and investors engage) and HashChing (Australia’s first online home loan marketplace).
Other innovators also presenting and their innovation category include: Ignition Wealth (automated investing), SuiteBox (virtual meeting room), MyProsperity (wealth), PosBoss (cloud-based POS), Starc (portfolio management platform), BigFuture (digital advice), Mclowd (SMSF platform), ML^2 (investing), Sharesight (portfolio management), Swipe (digital documents), MapMyPlan (digital advice), LAB Group (account opening and AML/KYC), My Angel Investment (crowd funding), Simply Wall St (investing), Domacom (fractional real estate investing), SMSFCheck (wealth), CapitalPitch (fundraising), Stocklight (investing), Adviser Intelligence (advice), StrykeTax (tax), CapitalU (digital advice), ezidox (documents), Paydock (payments), SuperEd (wealth), Eight Wire (data management cloud solution) and AIRDOCS (cloud document solution), Scrunch (media monitoring) and Banqer (financial education).
