finder fintech roundup: Spaceship, open banking, Latitude Financial, Samsung Pay, NAB and VR
Spaceship super lowers its fees and NAB lets its customers Google their banking information.
Announcements from some of the leading names in finance and technology from the past week.
Spaceship super lowers fees and launches a second investment option
Innovative superannuation fund Spaceship has announced that it will lower its fees, something it has been strongly criticised for. The fund has also launched a second investment option. Spaceship's original investment option, Growth X, will see its fees reduced from 1.60% p.a. to 0.99% while its new investment option Global Index Fund will have even lower fees of 0.65% p.a.
Find out about the reasons behind the change and the new investment option in our interview with Paul Bennets, Spaceship CEO and founder.
How will banks cope when they have to give back control of your data?
Open banking is officially on the cards and banks will have to hand control of financial data back to their customers. But which data, and how this will work, is still being discussed. I chat to Data Republic about the logistics of open banking and what this means for consumers and banks.
Latitude Financial Services partners with Samsung Pay
Customers of Latitude with compatible Samsung devices now have a new way to pay, with the financial services provider now offering Samsung Pay. Latitude joins 40 card brands and over 100 loyalty cards that are partnered with Samsung Pay.
New NAB platform lets customers ask Google about their banking
NAB has launched a pilot app on the Google Assistant platform, allowing its customers to ask banking questions via Google Home or using Google Assistant on their smartphones. "Talk to NAB" is a first for Australia, with the bank saying the new offering will "complement the work of NAB's frontline bankers".
Virtual Reality and its lead in the second tech stock boom
Richard Li, executive chairman of the first public Australian virtual reality (VR) company Go Green Holdings, discusses the opportunities VR offer to Australian investors.
The finder fintech roundup is a summary of the news in fintech from the past week. Check back every Monday to catch up.