Financial Services
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The Technology of Finance
Roger Montgomery
November 7, 2018
Among the very best performing shares since July, and indeed through reporting season, were financial technology companies such as Iress (ASX:IRE), Praemium (ASX:PPS) and Bravura Solutions (ASX:BVS). Other companies in this space include, HUB24 (ASX:HUB), Netwealth (ASX:NWL) and GBST (ASX:GBT). continue…
by Roger Montgomery Posted in Companies, Financial Services
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Expected level of customer remediation costs (ouch)
Stuart Jackson
October 24, 2018
With the Financial Services Royal Commission having handed down its draft report at the end of September, three of the four major banks have recently released statements outlining the expected level of near term customer remediation costs. continue…
by Stuart Jackson Posted in Financial Services
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How well do you know your mortgage?
Andreas Lundberg
September 19, 2018
The very well-respected bank team at UBS published a very interesting piece of research today that we believe is well worth taking a look at. The team performs an annual survey of Australians who have taken out a mortgage during the previous 12 months. The survey covers 1008 individuals and is spread both geographically and in loan size, so the findings are statistically significant for the overall population. They have published quite a few different reports looking at the data from different angles, but today’s version is very interesting for the insights it gives into the financial literacy of Australians. continue…
by Andreas Lundberg Posted in Editor's Pick, Financial Services, Property
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Westpac takes on the wealth management upstarts
Andreas Lundberg
July 26, 2018
What happens when pesky, disruptive upstarts take on the big incumbents in an industry? More often than not, they find themselves in a battle royale over market share. And that’s just what’s happening in the wealth management industry, where Westpac is fighting back against the likes of Netwealth, HUB24 and Praemium. continue…
by Andreas Lundberg Posted in Companies, Financial Services
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Why Westpac will stop lending to SMSF property investors
Andreas Lundberg
July 19, 2018
Westpac (ASX:WBC) has just announced that, come the end of July, it will stop lending to self-managed super funds (SMSFs) looking to invest in property. It will also not allow SMSFs to roll any existing interest only loans onto another interest only period once the existing amortisation free period runs out. What’s prompted this change? continue…
by Andreas Lundberg Posted in Editor's Pick, Financial Services
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Could an open banking regime benefit robo advisers?
Dean Curnow
July 10, 2018
It’s hard to ignore the inroads being made by robo advice firms in the wealth management industry. Now, robo advisers could receive a further boost on the back of the upcoming open banking regime. continue…
by Dean Curnow Posted in Financial Services
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Despite low interest rates, mortgage stress is on the rise
Andreas Lundberg
July 10, 2018
Although interest rates remain at historically low levels, we’ve seen a continuing increase in mortgage stress over the past two years. Today, over 30 per cent of owner-occupier borrowing households across Australia are in mortgage stress. And things could get even worse if the major banks raise their rates. continue…
by Andreas Lundberg Posted in Financial Services
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Are the big banks about to raise mortgage rates?
Stuart Jackson
July 6, 2018
While you may not follow movements in the bank bill swap rate (BBSW), right now they are worth paying attention to. You see, rates are on the rise. And that means the funding costs for our major banks are also going up. This could force them to raise mortgage rates – and take mortgage stress to another level. continue…
by Stuart Jackson Posted in Financial Services
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Why are the banks refocusing on core competencies?
Stuart Jackson
June 29, 2018
In this week’s video insight Stuart discusses why the banks are selling or demerging lower return overseas operations and insurance operations. continue…
by Stuart Jackson Posted in Financial Services, Video Insights
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The Shifting Sands of Banking
George Hadjia
June 18, 2018
Banking, an industry that has changed very little over hundreds of years, is now being gripped by a tsunami of technological change. At a recent industry conference, banking executives laid out their plans for how to deal with this shifting landscape, as well as provided insights into the current state of play for banks in the U.S. and globally. continue…
by George Hadjia Posted in Financial Services
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