The Game of Fintech: Recent Episodes
Finura
Discussing all things fin and wealth tech. News and trends with great guests from all over the industry and the world.
Welcome to another episode of The Wealth Tech Insider where host, Danni Le Grande is joined by Finura Senior Consultant Dipal Khatri, for a Quick Tips session focused on leveraging AI, specifically Microsoft’s CoPilot, in the Financial Advice Industry.
In this episode, we delve into how CoPilot is supporting productivity in Financial Advice Businesses. From drafting and summarising emails to improving meeting preparation, File Notes and content creation, CoPilot is integrated into the Microsoft products we use every day—Word, Excel, PowerPoint, Outlook, and Teams.
We give some practical ways Financial Advisers can use CoPilot, such as recording and transcribing meetings, managing email communications, and generating client reports. We also emphasise the importance of using AI ethically and responsibly while maintaining compliance and client privacy.
This episode is packed with valuable insights to help you make the most of AI technology in your Financial Advice Practice.
AI Framework
https://www.thecybercollective.com.au/aiframework/
Finura Group Technology Health Check
https://finuragroup.com/tech-health-check/
Welcome to another episode of The Wealth Tech Insider. In this episode, Danni is joined by Selin Ertac from Tangelo Advice Consulting and Fraser Jack from The Cyber Collective to discuss the newly developed AI Usage Policy. This comprehensive guide is designed to help financial advice businesses harness AI tools responsibly and ethically.
Join us as we delve into the importance of ethical AI, data privacy, and the balance between AI and human judgment. Discover the potential risks, challenges, and immense benefits AI brings to financial services. Learn about best practices for using AI tools and the importance of transparency and fairness in AI applications.
Whether you're a financial adviser, tech enthusiast, or simply curious about the future of AI in financial planning, this podcast is for you. Tune in for expert insights, real-world examples, and valuable resources to help you navigate the evolving landscape of AI in financial services. Don't miss out on the essential information that can help you integrate AI into your business securely and effectively.
In this episode, Danni Le Grande is joined by Peter Worn, Joint Managing Director at Finura Group, fresh off a speaking tour with The Inside Network. Together, they break down Peter's presentation, "Better Technology Decisions," and discuss how tech investments can drive business growth, align with strategic goals, and ultimately boost your valuation beyond standard industry practices.
They also explore the powerful visuals that reveal the nuances of scaling and valuation, like the "J-curve," "valley of death," and the "U-curve," providing actionable insights into simplifying tech stacks, client-first approaches, and streamlining processes.
Join us for thought-provoking discussions on how strategic tech investments can help you overcome initial challenges, foster rapid growth, and maximize your business valuation.
In this episode of The WealthTech Insider, join host Danni Le Grande as she delves into the world of technology transformation with Greg Barter, Director and Principal of Allied Wealth. Discover the story of Allied Wealth's strategic decision to revamp its technology infrastructure to better support its growing business. From the initial hurdles that prompted the need for change, to the planning, selection process, and stakeholder engagement, Greg and Danni explore every facet of this transformative journey.
Listeners will get an insider’s look at the challenges faced during implementation, the solutions crafted to navigate these obstacles, and the efficiencies realised as a result. Greg shares personal insights and learnings from the experience, shedding light on the ongoing process of technology optimisation and the future innovations Allied Wealth is considering.
Moreover, the episode doesn't shy away from offering actionable advice for other businesses contemplating a similar path of technology evolution.
Join us for a deep dive into the heart of tech transformation in the wealth management sector on The WealthTech Insider!
In this second part of their series, Danni and Pete explore their predicted technology trends shaping the WealthTech industry in 2024. After a successful recap of their 2023 predictions, they now turn their focus to the upcoming year, analysing how evolving tech intersects with adviser needs and licensee demands. Listen out for the Bonus Prediction on Industry M&A and Private Equity Firms taking a stake in previously ASX listed companies.Take our Technology Health Check here:
https://finuragroup.com/tech-health-check/
Join Peter and Danni as they dive into a comprehensive review of Finura's 2023 WealthTech Predictions in this engaging two-part episode. In Part 1, they assess how their forecasts on startup challenges, Client Portal adoption, trends in Digital Advice, Platform Technology competition, the evolving landscape of Foreign Tech Firms, and AI in Financial Services fared over the year. This episode offers a concise overview of the key developments in 2023 and their implications in WealthTech. Stay tuned for Part 2 where the team will delve into their 2024 Predictions, offering fresh insights and foresight into what's next in the world of WealthTech.
Welcome to The Wealth Tech Insider, where we delve into the latest trends and insights from the world of wealth technology. In this episode, join our host Danni Le Grande as she welcomes Mel Drago from Tanngo, a leader in connecting Australian financial planners with top-notch freelance support. We take an exclusive look at the compelling findings from the recent Paraplanner Survey 2023, a treasure trove of data that reveals the heartbeat of the paraplanning community.
In our deep dive, we'll dissect key aspects of the survey, from the impact of the Quality of Advice Review (QAR) to the intricacies of Statement of Advice (SOA) creation, and how technology is reshaping these domains.
Mel brings to light the real-world frustrations and opportunities in paraplanning, highlighting how technology is both a challenge and a solution in creating efficient advice processes. With insights into paraplanners' influence on product and strategic advice, and their quest for ongoing professional development, this episode is a must-listen for anyone keen on understanding the evolving role of paraplanners in wealth management.
Tune in as we discuss how paraplanners can continue to be pivotal in the advice journey, especially in a post-QAR world, and how proper technology utilisation can significantly enhance their contributions. This episode is not just about statistics; it's about understanding the pulse of an essential sector in financial advice and envisioning the path forward. Don't miss this insightful exploration on The Wealth Tech Insider!
In this episode of The WealthTech Insider, Pete and Danni delve into the transformative world of Artificial Intelligence and its burgeoning impact on financial advice. We explore how AI technologies may contribute to the way we deliver Advice and streamline operations. However, with great power comes great responsibility. This episode doesn't shy away from the complexities and challenges that AI integration presents. We examine critical aspects such as making sure your foundational Tech Stack should be your priority right now, maintaining client privacy, adhering to evolving regulatory frameworks, and ensuring ethical AI use. We provide a balanced view of AI's potential and its pitfalls, helping financial advisers navigate this new terrain with confidence and caution.
In this episode of 'The WealthTech Insider,' Danni and Pete dive deep into the most recent and impactful mergers and acquisitions reshaping the landscape of wealth management. Join us as we dissect the strategic acquisition of Diverger Limited by Count Limited, a move poised to redefine the integrated accounting and wealth services in Australia. We also explore the tripartite deal involving Fortnum Private Wealth, AZ NGA-owned Nestworth Financial Strategists, and Australian Unity, highlighting its potential to expand financial advice accessibility.
Our discussion doesn't stop there. We take a closer look at Centrepoint Alliance's acquisition of Financial Advice Matters Group, analysing how this move aligns with broader industry trends and growth strategies. Moreover, we delve into the merger of Elixir Consulting with Virtual Business Partners, particularly focusing on the anticipated impacts of AI in the financial planning sector.
Peter Worn and Danni LeGrande guide you through the treacherous waters of the AI hype cycle and how it will impact your Wealth Business.
🔑 Key Highlights:
- Understanding the AI Hype Cycle: Is it really the next frontier in wealth tech?
- Regulatory speed bumps: What's holding AI back?
- AI Ethics: A candid discussion on the moral maze we can't afford to overlook.
- AI is a feature, not a product. It will change how you use software forever.
🤖 Whether you're a tech enthusiast, a financial planner, or just intrigued by the ethical nuances of AI, this episode offers invaluable insights.
Dive into the world of Advice Tech with Danni Le Grande and special guest, Paul McGivern from Investment Trends. In this episode, we deep-dive into the crucial findings of the 2022 Adviser and Advice Technology Report. From end-to-end tech providers to specialised application solutions and emerging digital advice avenues, we've got it all covered. Discover the current tech capabilities, recent advancements, and what the future might hold. Whether you're an adviser aiming to sharpen your toolset or a tech provider seeking insights into industry benchmarks, this episode offers interesting insights and tips to help you on your Advice Tech journey.
Finura's Peter Worn recently spoke with Matt van Dijk on the Praemium Advice Leaders Podcast.
They covered a lot of ground. This Q&A focused on responsible AI experimentation, due diligence on technology solutions and why software users have never been less happy.
Why getting in summer interns who are all over AI might be a great thing to do this year.
Danni Le Grande and Peter Worn from Finura discuss a very hectic time for the Wealth Tech sector.
They discuss the factors contributing to the demise of Creativemass and Advice Intelligence and their acquisition by GBST.
The platform technology arms race intensified following Hub24's acquisition of MyProsperity.
Some back-to-basics advice from the team for wealth managers considering their technology options.
AI vapourware predictions for the remainder of 2023.
Dive into the intricate world of fintech integrations in this quick tips episode with Danni & Dipal. From breaking down integration jargon to unmasking how they work, we offer quick and digestible insights for the tech-savvy and novices alike. If you've ever found yourself puzzled by the complexities of integrating multiple fintech tools, this is your guide to navigating the integration landscape. Enjoy!
Embark on an insightful exploration of the fintech landscape as we sit down with dynamic Founder, Dan Fitzgerald and CEO, Simon Betchley of Worksorted. In this podcast episode, Danni & Dipal chat with our guests as they share their personal journey, revealing the challenges and triumphs faced when starting and running a successful fintech venture. Gain exclusive insights into Worksorted's mission to address the pain points of financial advice businesses, and learn how they have leveraged innovation to make a tangible impact in the industry.
Danni and Peter do a run-through of how the Finura 2023 predictions are playing out. We discuss the volatile world ahead for wealth tech start-ups. How digital advice is the obvious solution that nobody seems to implement.
Unpacking the QAR noise and the dangers of focusing on the SoA at the expense of more obvious pain points.
We welcome Paul and Irene from Investment Trends who are breaking down the key outtakes from our joint Advice Technology Benchmarking research. To speak with Investment Trends about their research please contact them at www.investmenttrends.com/contact or info@inevstmenttrends.com.au
We welcome back the team from Tangelo. Known for their practical and no-nonsense approach to all things governance and compliance. A great episode for time-poor licensees and advisers trying to get their heads around a very confusing period facing our industry.
The Finura team run through the 2022 scorecard and then jump into 2023's predictions. We cover all things wealth tech, including platform technology wars, a shrinking contestable IFA market, likely M&A for digital advice providers and Open AI.
Rebecca Engel is Director of Financial Services for Microsoft Australia. Rebecca shares her story on transitioning from the world of wealth management to tech, being a female leader in tech, and the lessons to be learned for those looking to make the same leap.
Microsoft is ubiquitous in its productivity tools but increasingly looking to provide broader solutions to improve financial services, which has traditionally struggled with technology innovation. Hosts: Danni LeGrande, Nicole Smith.
Selin and Conrad are two leading compliance specialists who advise some of the wealth industry's leading businesses on regulatory and business model transformation. We talk about the regulation of financial services and the ever-changing role of technology.
With the upcoming Quality of Advice Review and changes to the Corporations Act there is plenty to unpack here and new avenues for technology to improve wealth management in Australia.
Mel is the founder of the world's first online paraplanning marketplace. Connecting freelance paraplanners with their financial adviser clients. She is an entrepreneur with a clear vision of how to improve the delivery of services to the marketplace. We go into lots of detail about her journey and the missed opportunity in technology for paraplanners.
Nicole Smith, Aron Satchell and Peter Worn from Finura discuss the 2022 Advice Tech predictions for Australia.
The team also go through the 2021 wins/fails predictions and some lively debate on the more controversial themes as we see market forces reshaping fintech in the wealth management sector.