Faster KiwiSaver Bill!
All KiwiSaver providers will have to cut transfer times by more than two-thirds under new legislation just referred to select committee.
Among other items, the Taxation (KiwiSaver, Student Loans and Remedial Matters) Bill would require all schemes to shift members to rival providers within 10 working days after receiving a transfer request compared to the current general standard of 35 working days… READ MORE
Industry climate change: why 2019 will be the hottest year on record for NZ financial services
There is no escape: legislation, regulation, technologisation and bureaucracitisation will sweep through every nook and cranny of the NZ financial services industry this year, an expert panel warned last week.
The panel of lawyers and specialist financial technology consultants – assembled by DLA Piper and Mosaic Financial Services Infrastructure – highlighted the looming changes due to bring end-to-end disruption to the industry in 2019… READ MORE
Financial consulting firm boots-up staff numbers as tech demand rockets
Auckland-headquartered financial technology consulting and implementation firm, Mosaic, has added half a dozen staff over the last few months as the digital transformation trend sweeps over the NZ industry.
Myles Allan, founding partner of the firm officially known as Mosaic Financial Services Infrastructure, said businesses across the sector were under pressure to update their technology… READ MORE
Morningstar sounds death knell for single-use robos
Resistance wasn’t futile: the first wave of disruptive robo-advisers has failed to breach the status quo, a recent Morningstar analysis has confirmed. Myles Allan, founder of Auckland-based consultancy firm Mosaic Financial Services Infrastructure, said the Morningstar research “aligns with what we’re seeing in the market”. READ MORE
Robo Advice to Cover the Spectrum of NZ Consumers
Scoop – Wednesday, 20 December 2017
Press Release: Mosaic Financial Services Infrastructure
New digital advice (DA) services expected to arrive in NZ next year will benefit a range of consumers from beginner investors through to high net worth individuals, according a new white paper published by Auckland specialist consulting firm, Mosaic Financial Services Infrastructure… READ MORE
Advice for robots: new white paper fills in blanks for NZ industry
Early next year the Financial Markets Authority (FMA) stands ready to welcome the first generation of fully-personalised (but potentially dehumanised) financial advice robots to NZ shores… READ MORE
Industry tech redesign puts Mosaic in the picture
Specialist NZ consultancy firm, Mosaic Financial Services Infrastructure, has doubled turnover over the previous 12 months as the industry looks to install technological upgrades across the value chain… READ MORE