Ask most people about superannuation and the yawns come thick and fast and eyes glaze over. Despite it potentially being the gateway to a secure retirement, superannuation is something most people check once a year and just hope the numbers go up. It is a weird catch 22, where funds don’t want … Read more about Why Don’t We Love Superannuation?
What is Financial Technology? The world of technology is changing and evolving with every passing year, impacting every area of society. One of the biggest industries affected in the past ten years is the financial sector, with the introduction of financial technology. ‘Fintech’ is one of the … Read more about What is FinTech?
What I learned from savings automation and account aggregation. Savings automation is not a new thing, it’s in the top five tips from every financial planner but it’s really only recently that digital tools have made it personal. And I’m not talking the goal option that pops up in online banking. … Read more about Navag8 – a user perspective
When Facebook announced its new cryptocurrency Libra along with it’s twenty or so huge investors, you could feel the collective global shudder by banks around the world. What is Libra? Libra is the name of a new cryptocurrency announced by Facebook that is built on blockchain technology, and … Read more about What is Libra and should banks be worried?
Many people now use financial apps to work towards their savings goals and to track the progress they’re making. Gamification is one of the strategies that the developers of these apps use to encourage people to keep using them. What is Gamification? Gamification is the process of using game … Read more about What is gamification in fintech and does it work?
Open banking is having a big impact on how people take care of their personal finances. UK consumers are protected when they allow third party financial service providers to access their data. But how is open banking changing things for consumers, businesses and banks? What is Open Banking? So … Read more about How has Open Banking impacted the UK so far?
With NAB adopting ApplePay, it’s another positive sign that banks are trying to deliver what customers want, whilst realising they might not be able to deliver that solution on their own. Most banks suffer from legacy tech and can’t make use of the valuable data that they’re sitting on. Their … Read more about Intelligent Banking; how smart data will help deliver better value to customers
The majority of the population from the thirty-six OECD countries are not considered financially literate. The weird thing is that it doesn’t get much attention and helping to improve it, gets few resources. The onus is put on parents to teach their kids what they know about responsible spending or … Read more about Financial Literacy; What It Is And Why It Matters
We know it’s a good idea to put some money away for a rainy day, but how many actually do it? Not enough according to the ME Bank’s Financial Comfort Report from June 2018. This report found that 25% of households have less than $1,000 in cash savings, and 17% of households can’t pay … Read more about Why We Use Goal Focused Savings
We want personal, we want relevant. Like most education, financial literacy is important but will likely only have an impact if it's relevant and engaging, not a one size fits all. American Economist Richard Thaler wrote an article on financial literacy back in 2013 for the New York Times, … Read more about How Fintech Apps Can Improve Financial Wellbeing
Why are millennials always broke? They aren’t! They are just struggling like the rest of the population. A recent Australian Millennial Finance Survey for 2019 found that young Australians are careful with what they have and their biggest worry is the cost of living. But forty-five percent put … Read more about Millennials and Banking; what’s happening and what’s to come.
EXCITING NEWS! We are thrilled to announce that Navag8 has been awarded an Accelerating Commercialisation Grant by the Australian Government Department of Industry, Innovation and Science as part of the highly competitive Entrepreneurs’ Programme. Navag8 will join a portfolio of over 200 … Read more about Accelerating Commercialisation Grant