Vow Financial launches Rubik digital platform for finance brokers - Professional Planner (16 October 2015)
Rubik Financial Ltd (Rubik) (ASX:RFL) - a leading technology company that delivers innovative wealth, banking and mortgage solutions to the financial services industry - has been selected by Vow Financial (Vow) as its new technology partner. Vow is introducing the pilot of a disruptive digital relationship manager platform developed by Rubik that will break the traditional model of how finance brokers interact with customers and broaden the brokers' service offering.
Called the Vow Money Manager, the platform keeps all client financial information in the one place.
Tim Brown, Chief Executive Officer of Vow Financial, said managing finances and property can be overwhelming and complicated."Vow's Money Manager simplifies the process and removes hassle by keeping all financial information in one place. The platform has a sophisticated budget management system that includes daily analysis of a client's spending habits, and demonstrates how that influences the time it takes to achieve set financial goals.
"Finance brokers have traditionally only taken care of home loans. This tool will change that relationship, making the finance broker a daily 'Money Mentor' and cementing the brokers' role as a key client relationship holder. By not just operating as a finance broker but partnering with clients as a Money Mentor, and helping to achieve short, medium and long-terms goals, our brokers will be able to build deeper, longer lasting client relationships," Brown said.
Built with an alert system, Money Manager notifies a broker whenever a competitor runs a credit check on their client. It also has sophisticated property capability to show clients available homes in the market that fit their criteria or rental properties that are likely to give targeted returns.
Iain Dunstan, Chief Executive Officer for Rubik Financial Limited said being selected by Vow as its new technology partner is evidence of the success of Rubik's focused digital strategy and is a vindication of Rubik's significant R&D investment in this area.
"Rubik is focused on delivering innovative digital technology to the market. We are confident that Vow's finance brokers will greatly benefit from this platform that will assist to deepen engagement and strengthen client relationships, as well as improving the overall service and value provided to its client base."
The Vow Money Manager platform will commence testing with a group of Vow finance brokers in November with an expected launch to follow in the first half of next year.