Rubik secures Big Four
Australia's Big Four banks have renewed licensing contracts with software provider, Rubik Financial, to continue using the firm's COIN client base.
Rubik chief executive, Iain Dunstan, said each of the four banks had extended their licensing agreements for a minimum two-year term.
"We are very pleased that our long-standing relationships with clients are continuing," he said.
"With all major clients agreeing to extend their contracts beyond the usual one-year rollover, we believe they are showing support for our offering.
"These new contracts stand the business in good stead for the future."
Dunstan added that there had been an increased level of interest in financial services software, "with the pipeline now stronger than it has been in a number of years".
"There has been a lot of talk in the industry about dealer groups and IFAs considering their software options, and we are certainly seeing the results of this via the inquiries we are receiving and the work that our recently expanded sales team is doing," he said.
AUTHOR
Nicholas O'Donoghue
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
