Displaying items by tag: Paul Resnik

Australian businesses invested a record $3.26 billion in software in the second quarter of this year, reflecting what one industry player says is the rising importance of information technology to the economy overall and to the financial services sector in particular.

The rising importance of e-commerce to Australia’s economy is reflected in ABS figures showing that Australian businesses earned a record $246.4 billion from internet sales in 2012-13, according to the head of a risk tolerance and risk assessment solutions vendor which draws all its revenue from internet sales.

The so-called ‘new breed’ of Australian finance and financial services industry professionals are quicker to adopt new technology than their older generation counterparts, according to one vendor of risk management solutions for the wealth management industry.