Financial services company Spring FG Limited (Spring FG, ASX: SFL) today announced its Spring247 digital wealth management and advice platform will launch next month. Ahead of the launch it has entered into an agreement with US-based Yodlee Inc. (NASDAQ: YDLE) for access to the Yodlee financial cloud-based data platform.
Yodlee provides bank-level security and encryption access and data aggregation from over 14,000 global financial account sources, including hundreds of Australian bank, brokerage and investment accounts and retail and industry super funds.
Spring247 – a powerful and simple-to-use platform
Spring247 enables Spring clients to seamlessly link lifestyle and investment assets & liabilities and up-to-date transactional data into a single user-friendly dashboard, by utilising a powerful tool-set developed by leading Australian fintech innovator My Prosperity Pty Ltd.
Spring FG managing director, Mr Keith Cullen, said, “With Spring247 we’ve taken a fresh approach to the digital age to make managing money and wealth easier, more engaging and more fun than ever”.
Mr Cullen said that Spring247 adopts My Prosperity’s exciting open-architecture allowing Spring clients to consolidate all their finances conveniently in one dashboard – regardless of asset type, product provider or financial institution.
“Spring247 is a powerful and simple-to-use platform designed to provide our clients with the peace-of-mind that comes from being on top of all of their finances in one place”, said Mr Cullen.
“Thanks to secure data feeds from world-leaders like Yodlee, RP Data and RedBook, with Spring247 gone are the days of being restricted to a platform’s defined or limited product offerings, or having to log-on to multiple websites or manually piece together your accounts and investments for a complete picture of your finances”, said Mr Cullen.
Unprecedented integration – world-leading “whole of wealth” approach
Within the Spring247 dashboard Spring clients can link their bank accounts, credit cards and loans, shares, managed funds, and industry, retail or self-managed super fund assets, and add and obtain valuation estimates for their family home, investment properties and even motor vehicles. Spring247 also features a unique ability to capture rental statement data from managing agents.
Spring247 adopts a whole-of-wealth approach enabling Spring clients to link, view and report on personal, family or household finances across different entities such as joint or individual, family or business trust and self-managed-super in a single dashboard with a single log-in.
All devices, all the time – the ultimate in convenience of access
Accessible 24 hours-a-day, 7-days-a-week, via PC, tablet or smart-phone Spring247 includes an array of applications to help clients connect with their Spring FG advisory team, and stay on top of their finances and on track with their goals. Spring247 also features seamless one-click access to clients’ log-ins for linked transactional accounts from within the dashboard offering further convenience.
Tailored digital advice from a real person – not a robot!
In coming months live video conferencing, and digital document sharing and execution, will be added to Spring247, enabling clients to interact with their Spring advisory team and receive personalised advice face-to-face wherever they are. Comprehensive financial education resources from Spring FG’s Wealthadviser and Digifi content libraries will also be added.
“With Spring247 we’re carrying our fresh approach to wealth management into the digital arena so clients can expect to see us lead the market with open-architecture digital innovation that is focussed on them and their goals, rather than being focussed on specific products”, said Mr Cullen.
“Beyond benefiting our existing clients we intend to leverage and expand Spring247’s underlying technologies to roll out a range of digital services to the emerging self-directed investor market, and to deliver hands-on, face-to-face personal advice to consumers outside of capital cities including those in our existing online community of more than 130,000 subscribers”, concluded Mr Cullen.
Source: Spring Financial Group
