Spring Financial to launch fintech platform
Spring FG Limited is releasing its newly-developed fintech offering, MyMoney247, to a range of its online community of subscribers and looking to expand to an online tax return service on the platform by the end of 2018.
MyMoney247 would use customised technology from Sydney-based developer, MoneyBrilliant and function as a toolset for the management of income, investments, bill payments and budgeting requirements.
Commenting on the release of MyMoney247, Spring FG founder and managing director, Keith Cullen said: “[We] believe the platform is a superior and seamless way for customers to link their various accounts, manage their finances and keep track of their cash flow.”
Spring FG also recently acquired the issued capital of Perth-based firm, Wealth Today.
Recommended for you
Legal profession-focused super fund legalsuper has partnered with Link Group to launch a cloud-based digital platform.
The number of investments being made online has fallen significantly amid the market downturn and the threat of rising inflation and interest rates.
Fintechs will now have a regulatory sandbox that will allow them to test new products and services for 24 months without obtaining a financial services or credit licence.
Publicly-listed platform provider Netwealth has continued to assert its leadership – this time in terms of digital wealth applications.
