Digi.me link-up with Mafematica to revolutionise Super Funds management
Announcement posted by Digi.me 12 Feb 2018
Planning for Australia’s do-it-yourself Self-Managed Super Funds (SMSF) pensions will be vastly simplified as the result of a new partnership between UK personal data platform digi.me and new era investment and behavioural planning tool Mafematica.
The deal will combine digi.me’s ability for users to securely add their personal finance data and store it safely in a personal cloud they own and control, with Mafematica’s powerful engine of investment choices, retirement forecasts and associated investment transactions.
The result will be simplified retirement planning, with up-to-date analytics and retirement forecasts helping SMSF trustees to easily stay on top of their retirement planning and in control of their finances, all privately and securely.
Digi.me Founder and Executive Chairman Julian Ranger said: “Self-Managed Super Funds are important to many Australians’ future financial security.
“When Mafematica identified digi.me as the solution to source data for their fund management platform, and to provide data back to the individual using digi.me’s unique platform where the individual owns and controls their own data, we recognised this as a great example of how innovation can be undertaken using personal data in a private and secure manner.
“We are pleased to be chosen by Mafematica and see this as a great example for the FinTech community as a whole.”
Derek Condell, Mafematica CEO, said: “We loved the idea of a partnership with digi.me, and how SMSF Trustees can confidently use the Mafematica system without their data being held directly by Mafematica.”
Through Mafematica, SMSF Trustees can fine tune a retirement estimate based on their own data, such as age, actual investments and size of fund. They can view various graphics and a wide range of other, professionally constructed investment portfolios to analyse their retirement cashflow forecasts and then purchase securities or managed funds via a choice of stockbrokers and other service providers.
ID Exchange, digi.me’s Australian partner, facilitated the implementation of Mafematica, a firm that shares founder Joanne Cooper's strong belief that consumers are well overdue for the benefits of disruption in the SMSF area.
She said: "You’re on to a winner when you can bring personal information within the secure and compliant, but simplified, constructs of digi.me; constructs that give transparency and agility around the traditionally legally complex processes of SMSF investment decisions.
“Finally, we have a platform like digi.me that can be used by deep category firms such as Mafematica to assemble an app that helps power wealth and income creation in a consumer centric way.
Ends
Editor’s notes:
For UK interview requests, please contact digi.me Communications Editor Emma Firth on emma@digi.me or +44 7812 608577.
In Australia, please contact
Mafematica, Derek Condell, Director on +61(0) 419 498 345; or Dr Frank Ashe on (+61) 481 130 929.
ID Exchange, Joanne Cooper, CEO on +61 (0) 400 770 147
Find more information about digi.me, including the app, at https://www.digi.me/, Mafematica is at www.mafematica.com.au ID Exchange is at https://www.idexchange.me
About Digi.me
Digi.me is a personal data exchange platform that allows consumers to gather together information currently scattered around the web and share it on their terms under the company’s bespoke Consent Access process. Digi.me is working with world-leading businesses in the health, finance, FMCG and telco sectors on projects unlocking the benefits of private consented data sharing for both consumers and organisations.
About Mafematica
Mafematica is a new era investment platform that will provide investors, particularly Self-Managed Superannuation Fund trustees, with direct access to professionally built investment portfolios and associated retirement cash-flow forecasts using modern techniques not seen in financial services previously. Mafematica is strongly supported by leading SMSF industry businesses in technology, brokerage, distribution and administration.
About ID Exchange
ID Exchange is digi.me’s Australia and New Zealand partner who are in development of social privacy innovation via unified Opt In® and Opt Out® consent App’s designed as an intermediated compliance service for consumers and business. The ID Exchange solution will assist consumers to construct a centralised view of their data access permissions or de-identification notices through consent receipts, whilst educating users on data protection and privacy rights in accordance with legislation.
The deal will combine digi.me’s ability for users to securely add their personal finance data and store it safely in a personal cloud they own and control, with Mafematica’s powerful engine of investment choices, retirement forecasts and associated investment transactions.
The result will be simplified retirement planning, with up-to-date analytics and retirement forecasts helping SMSF trustees to easily stay on top of their retirement planning and in control of their finances, all privately and securely.
Digi.me Founder and Executive Chairman Julian Ranger said: “Self-Managed Super Funds are important to many Australians’ future financial security.
“When Mafematica identified digi.me as the solution to source data for their fund management platform, and to provide data back to the individual using digi.me’s unique platform where the individual owns and controls their own data, we recognised this as a great example of how innovation can be undertaken using personal data in a private and secure manner.
“We are pleased to be chosen by Mafematica and see this as a great example for the FinTech community as a whole.”
Derek Condell, Mafematica CEO, said: “We loved the idea of a partnership with digi.me, and how SMSF Trustees can confidently use the Mafematica system without their data being held directly by Mafematica.”
Through Mafematica, SMSF Trustees can fine tune a retirement estimate based on their own data, such as age, actual investments and size of fund. They can view various graphics and a wide range of other, professionally constructed investment portfolios to analyse their retirement cashflow forecasts and then purchase securities or managed funds via a choice of stockbrokers and other service providers.
ID Exchange, digi.me’s Australian partner, facilitated the implementation of Mafematica, a firm that shares founder Joanne Cooper's strong belief that consumers are well overdue for the benefits of disruption in the SMSF area.
She said: "You’re on to a winner when you can bring personal information within the secure and compliant, but simplified, constructs of digi.me; constructs that give transparency and agility around the traditionally legally complex processes of SMSF investment decisions.
“Finally, we have a platform like digi.me that can be used by deep category firms such as Mafematica to assemble an app that helps power wealth and income creation in a consumer centric way.
Ends
Editor’s notes:
For UK interview requests, please contact digi.me Communications Editor Emma Firth on emma@digi.me or +44 7812 608577.
In Australia, please contact
Mafematica, Derek Condell, Director on +61(0) 419 498 345; or Dr Frank Ashe on (+61) 481 130 929.
ID Exchange, Joanne Cooper, CEO on +61 (0) 400 770 147
Find more information about digi.me, including the app, at https://www.digi.me/, Mafematica is at www.mafematica.com.au ID Exchange is at https://www.idexchange.me
About Digi.me
Digi.me is a personal data exchange platform that allows consumers to gather together information currently scattered around the web and share it on their terms under the company’s bespoke Consent Access process. Digi.me is working with world-leading businesses in the health, finance, FMCG and telco sectors on projects unlocking the benefits of private consented data sharing for both consumers and organisations.
About Mafematica
Mafematica is a new era investment platform that will provide investors, particularly Self-Managed Superannuation Fund trustees, with direct access to professionally built investment portfolios and associated retirement cash-flow forecasts using modern techniques not seen in financial services previously. Mafematica is strongly supported by leading SMSF industry businesses in technology, brokerage, distribution and administration.
About ID Exchange
ID Exchange is digi.me’s Australia and New Zealand partner who are in development of social privacy innovation via unified Opt In® and Opt Out® consent App’s designed as an intermediated compliance service for consumers and business. The ID Exchange solution will assist consumers to construct a centralised view of their data access permissions or de-identification notices through consent receipts, whilst educating users on data protection and privacy rights in accordance with legislation.