FinTech

Modelled and regularly maintained by our actuaries, PHOEBE has an API that provides access to a wide range of complex mathematical functions and services. It solves common challenges faced by our clients across the financial services industry. The functions provide actuarially certified, compliant and accurate calculations across the full spectrum of financial advice for members or customers.

The PHOEBE API has been implemented for a range of clients, including banks, insurers, superannuation funds, financial planning groups, wealth management organisations and industry bodies.

PHOEBE provides clients with peace of mind that, by using a centralised source of calculations, they will always provide their members and customers with up-to-date, consistent, compliant and accurate information.

GALAXY is a market leading API enabled product research engine that supports the provision of financial advice by delivering simple views of complex product research data, algorithms and information. GALAXY APIs allow disparate systems to retrieve information required to perform product analysis, comparison and selection, based on client details and their product needs.

GALAXY supports five product markets via two engines:

• Superannuation and Investments Engine
  • superannuation products
  • pension products
  • investment platforms
• Risk Engine
  • insurance outside superannuation (Retail)
  • insurance inside superannuation (Group)

Our experience in the provision of financial tools, calculators and advice software provides us with the ability to offer our clients with peace of mind that their tools are:

• fit-for-purpose
• reasonable
• compliant with regulatory requirements.

Our actuarial accreditation service includes formal testing and actuarial sign off for financial tools & calculators and in-house spreadsheets or models.

Powered by PHOEBE APIs, Rice Warner’s advice software solutions solve for a wide range of advice topics that are common to all superannuation members and customers.

Our current solutions include but not limited to,

• Contributions
• Insurance needs
• Transition to retirement
• Retirement planning

The functionality and complexity of each solution can be tailored. Each solution can also be integrated with a customised front-end and third party applications, to provide a concise, streamlined advice experience to members or customers.

Our actuarial experience and PHOEBE API provide superannuation funds with benefit projections for individual members utilising either the ASIC Class Order or tailored projections using the superannuation funds’ own assumptions.

Rice Warner provides cost effective and compliant solutions to help superannuation funds deliver engaging and personalised projections relevant to meet their members’ unique needs.

Rice Warner has developed a strong FinTech consulting capability, acquired over many years and many implementations in the financial advice arena.

Our FinTech Consulting Services include:

• Business and actuarial analysis, specification and software development on digital projects.
• Rice Warner system accreditation – actuarial testing and sign-off of digital solutions.
• System reviews and benchmarking (administration, financial planning, digital advice tools, loan calculators etc.)
• Consultation on projects to assist in the design of the advice workflows supporting goals-based advice.
• Cloud migration consultation and delivery services for assistance with planning and uplifting services and data storage to the cloud.