Finantix Expands to Australia

Finantix, a global provider of trusted technology to the wealth management, insurance, and banking industries, opened an office in Sydney to further support its expansion in the Asia-Pacific region.

The Sydney-based office will be run by Martin McCabe who joins Finantix as sales country manager for Australia and Todd Yarrow, senior business development executive for Australia, according to a media release on Friday.

Australia’s sophisticated financial services sector and ideal position as a key hub for the Asia-Pacific region makes Australia a very attractive market, the firm further said. In addition, the wealth management sector has identified automation as an opportunity to do more with less as a response to rising expectations by Australian consumers, Damien Piper, APAC director at Finantix, said.

This means that the potential for technology to assist with the remediation of the underlying pain points remains largely unrealized, representing an important growth opportunity for us, he added.

Martin McCabe has over 20 years of experience in financial technology sales, starting his career at Lloyds of London, before moving to Australia 16 years ago. Since his move, he has worked with IBM servicing the big four banks, was a client director at DST and most recently was with FIS where he was responsible for significantly growing the policy admin/wealth platform business across Asia-Pacific.

Todd Yarrow brings extensive business development experience to the firm, having previously held a similar role at Iress where he worked with clients in the wealth management and stockbroking markets. He is passionate about introducing next-generation software solutions to the Australian financial services market and is keen to share the benefits of the Finantix portfolio offering with clients to deliver technology solutions across their prospect base.