• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • Subscribe
  • Twitter
  • RSS Feed

Investment News NZ

Investment News provides financial advisers news stories from the financial industry in New Zealand. Subscribe to our free weekly newsletter.

  • Home
  • News
  • Kiwisaver
  • Subscribe
  • About
  • Advertise
  • Contact
You are here: Home / Investment News / Stuff partners with Pocketwise; Southern Cross boots up robo-adviser

Stuff partners with Pocketwise; Southern Cross boots up robo-adviser

April 14, 2019

Pocketwise founders: Binu Paul, Prashant Trivedy, Santhan Kusam Venkata and Richard Dellabarca

Financial product comparison site Pocketwise has struck a major distribution deal with NZ media giant, Stuff.

Under the revenue-sharing arrangement Pocketwise would split product referral fees with Stuff, which has an audience reach of more than 3 million.

Launched in 2017, Pocketwise offers comparisons across a wide range of financial products including KiwiSaver, mortgages, credit cards, term deposits and foreign exchange.

The website, which counts Binu Paul and Richard Dellabarca as founders, acts as a referral engine to underlying providers. Binu is founder of online KiwiSaver research tool, SavvyKiwi, while Dellabarca heads the NZ Venture Investment Fund and is also director of peer-to-peer lender, Harmoney.

For various reasons, some smaller companies prefer not to list their products via comparison sites, Pocketwise says.

“The products you see on PocketWise – such as KiwiSaver funds, banks, and in time, insurers and energy suppliers – pay us a fee when you choose them from our comparison and search results,” the website says. “Some may pay us if you end up choosing that product, or if you click on their deals on our website.”

Paul said the group also has ambitions to list managed funds on Pocketwise.

He said KiwiSaver was the most popular section on Pocketwise followed, somewhat surprisingly, by foreign exchange deals.

The Stuff deal would significantly broaden the reach of the comparison website, Paul said, that to date has relied primarily on word-of-mouth to grow.

“We’re very excited about the potential,” he said.

If the Stuff tie-up proves popular, Pocketwise would also be able to grow its product range and service capabilities, Paul said.

“For example, we’re looking at using analytics,” he said.

While there are a number of NZ financial product comparison sites they tend to be sector specific rather than whole of market. However, in the UK, for example, websites such as MoneySavingsExpert and MoneySuperMarket wield huge influence among consumers.

Stuff, the entity formerly known as Fairfax NZ, is currently entering the final phases of a sale process kicked off last year when new Fairfax owner, Nine, opted to flick off the Kiwi media assets. Macquarie is advising on the Stuff sale.

In other fintech news this week, health insurer Southern Cross has set loose a new ‘digital human’ using artificial intelligence technology powered by NZ firm FaceMe.

Southern Cross chief, Nick Astwick, said in a statement that the as-yet nameless adviser-bot was likely a world-first for the health insurance industry.

“A digital human can answer questions often asked about health insurance, such as how the New Zealand health system works, what health insurance can cover you for and education around pre-existing conditions. People can feel embarrassed asking basic questions, but the digital human is always patient and doesn’t judge,” Astwick said.

“In time, the technology can be deployed into other areas, such as providing advice on products, based on what we know about our customers.”

 

Print Friendly, PDF & Email
Twitter0
LinkedIn0
Google+0
Facebook0

Read More » Investment News

Recent articles

  • Vale Brian Gaynor May 16, 2022
  • COFI passes second after lukewarm session May 15, 2022
  • Kōura drives for special KiwiSaver niche; Aurora hits $50m May 15, 2022
  • NZ Super tops-up top ranks, buys low as market tanks May 15, 2022
  • Master trusts sink as sector condenses May 15, 2022
  • Holding pattern: custody licensing stalled but not forgotten May 15, 2022
  • Responsible man makes NZ landfall; Magellan tidies up top table May 15, 2022
  • Prescriptive proposals see BlackRock back-track on proxy support May 15, 2022
  • Apostle sees deep green future in NZ May 15, 2022
Finished reading? Why not subscribe? To receive a weekly email enter your email address here.

Primary Sidebar

WEEKLY NEWSLETTER

Sign up here to receive our weekly newsletter.
Learn More »

Investment News

  • Vale Brian Gaynor May 16, 2022
  • COFI passes second after lukewarm session May 15, 2022
  • Kōura drives for special KiwiSaver niche; Aurora hits $50m May 15, 2022
  • NZ Super tops-up top ranks, buys low as market tanks May 15, 2022
  • Master trusts sink as sector condenses May 15, 2022
  • Holding pattern: custody licensing stalled but not forgotten May 15, 2022
  • Responsible man makes NZ landfall; Magellan tidies up top table May 15, 2022
  • Prescriptive proposals see BlackRock back-track on proxy support May 15, 2022
  • Apostle sees deep green future in NZ May 15, 2022
  • No flares but investors need to brace for belt-tightening May 15, 2022

Search by Keyword

Most Recent Investment News

Vale Brian Gaynor

May 16, 2022

COFI passes second after lukewarm session

May 15, 2022

Kōura drives for special KiwiSaver niche; Aurora hits $50m

May 15, 2022

NZ Super tops-up top ranks, buys low as market tanks

May 15, 2022

Master trusts sink as sector condenses

May 15, 2022

Investment News Archive

Most Popular Articles

  • NZ share-trading splurge could trigger tax alarms… posted on October 5, 2020
  • Flint set to spark platform competition posted on August 17, 2020
  • Westpac NZ flags retail advice sale to Forsyth Barr posted on October 19, 2020
  • The horror year in technicolour: free KiwiSaver 13 report released posted on September 30, 2020
  • Four to the core: Smartshares to expand, rearrange and reprice ETFs posted on June 22, 2020
  • Government dumps five defaults adds two in major overhaul posted on May 14, 2021
  • Kiwi Wealth hits the bigger time posted on November 26, 2017
  • NZ Funds directors back on board posted on April 24, 2016

Sponosored Content

Why timing the market is a fool’s game

An active investment manager’s lockdown toolkit: impacts, learnings and benefits

Mint chief executive, Rebecca Thomas

Join the club: financial wellbeing for women

Ensuring good customer outcomes

Quick-links to Popular News

  • FAP Compliance
  • Coronavirus
  • New Appointments
  • Financial Markets Authority (FMA)
  • Kiwisaver
  • Climate Change
  • Crypto Currency
  • Blockchain
  • Insurance

Secondary Sidebar

Recent News

  • Vale Brian Gaynor May 16, 2022
  • COFI passes second after lukewarm session May 15, 2022
  • Kōura drives for special KiwiSaver niche; Aurora hits $50m May 15, 2022
  • NZ Super tops-up top ranks, buys low as market tanks May 15, 2022
  • Master trusts sink as sector condenses May 15, 2022
  • Holding pattern: custody licensing stalled but not forgotten May 15, 2022
  • Responsible man makes NZ landfall; Magellan tidies up top table May 15, 2022
  • Prescriptive proposals see BlackRock back-track on proxy support May 15, 2022
  • Apostle sees deep green future in NZ May 15, 2022
  • No flares but investors need to brace for belt-tightening May 15, 2022

Footer

Copyright ©2022 InvestmentNews.co.nz — All Rights Reserved — Terms & Conditions