Big Banks will enter the micro-investing App market in next 12 months, says Cache
https://www.buzzsprout.com/1643860/11464723
Caleb Gibbins, Founder of Cache, predicts that the ‘Big Banks’ will enter the micro-investing market in the next twelve months as they look to take part in one of the high growth sectors of the fintech market.
Cache provide Investing-as-a-Service so that any company can be a Fintech company. FinTechs and Banks can integrate Cache’s fully digital investment products directly into their existing app, website or other platform through their APIs.
In this interview, Caleb Gibbins and Glen Frost discuss:
- Developments in micro-investing over the last 12 months
o Helping people start investing and invest regularly
o There are now 2 million micro-investors in Australia
o Micro-investors don’t stop investing during a downturn – our data shows 19 investments for each withdrawal (95% of transactions are inflows)
- Developments at Cache over the last 12 months
o Cache supports 77% of micro-investing portfolio products in the market (10 / 13)
o Fintech Award – Innovation in Wealth Management. Received because Cache enable other companies to offer branded investment products to their customers
- What can we see in the next 12 months? Even more growth in micro-investing
o The entry of banks and other players into the market (to reflect US and UK experience)
https://www.buzzsprout.com/1643860/11464723
