Claims on fintech investment untrue says IRESS
IRESS chief executive, Andrew Walsh has disputed claims that the financial services technology industry is out of step with the financial planning industry's real needs.
Commenting on recent claims by InvestmentLink chief technical officer, Wayne Robinson, Walsh said there had been significant investment by both established fintech businesses and new players in delivering new solutions to meet the changing needs of financial advisers.
"While there is continued demand for ongoing innovation, his [Robinson's] comments that available solutions are limited and exclude parts of the financial advice industry are inaccurate," Walsh said."Many of the solutions Mr Robinson refers to as needed are already available in the market."
"Collectively financial advisers and the wider industry have committed significant amounts to investing in new solutions to meet business, client, and compliance needs," he said.
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