With a vast amount of people in Australia taking advantage of early release superannuation, super funds have been under intense pressure to create efficiencies with technology.
In the latest season of After Hours from NMP Education, hosts Vanessa Stoykov and Jenny Josling talk to Chief Technology Officers from Australian super funds and other industry leaders, about the important role technology has to play in the future of the superannuation industry.
Iress CTO Andrew Todd joined the show to discuss how the global pandemic has flicked the fast forward switch on technology dependence for financial advisers and super funds.
Andrew covers a range of topics, from the pandemic forcing change on business models to the digitisation of advice and the future of technology. He shares that data is the key to being able to understand and educate superfund members, and technology is crucial to dissect and learn from that data. And even more critically for the superannuation industry, with more than $10 million scammed from super accounts last year, how do you keep that data secure?
Hear from Andrew Todd as he considers:
- How data can help advisers make better decisions
- What the biggest cyber-threats in advice are
- The challenges facing Australian fintech
- Who keeps their jobs in a digital future?
Technology has the potential to enable super funds to position themselves as digital disruptors, which is fast becoming the norm in the industry.
From admin to advice and everything in between, learn more about our Superannuation software here.
