The recent photos are interesting. Hmm, only a handful of Intiger staff. I'm ok with this; I keep telling myself that Intiger is primarily a software development company so the number of staff doesn't matter in the slightest. In the David Goodwin (DG) podcast, DG said that he'd occasionally contact Intiger to rectify something or correct something, so maybe the Intiger Philippines staff are required for this purpose, or to specifically customise the software according to the client's requirements. And yep, maybe the software does exactly what it says on the tin (ie) all of the work.
The software is the selling point to the market, and we still need more time to assess whether Lilly/Klip/BOOM2 (Lilly in particular as it's the 'game changer') is functional enough to suit the needs of major banks. Seeing as Intiger is only software dependent, and not worker dependent, maybe there is no limit to the reaches of Intiger's arms? Does any software such as Intiger exist worldwide? What we know is Intiger has an international relations manager, and one could hypothesise that PC was in Hong Kong to extend the tentacles of Intiger into the Asian banking market? Maybe in time, (certainly if Commonwealth Bank pilot is successful), there'd be great evidence that Intiger can handle work on a, well, worldwide scale?
I'm definitely intrigued by the fact that a Russian engineer and South American engineer were specifically targeted to program Intiger....these two stations couldn't be further away from eachother (I'm guessing the two engineers don't know eachother, have never met and cannot meet to formulate a competitor to Initger, which, one hopes, is a world leader in automation (no, let's call it Artificial Intelligence) for the financial industry).
Maybe, of course, PC was in Hong Kong to complete the acquisition (we know Intiger was on the final stage of this). I reviewed the flight map of Perth- Hong Kong- Philippines, and to be fair Hong Kong is not really much of a detour, (I was hoping Hong Kong was going to be a significant flight detour to clinch a wonderful foreign bank), so maybe the trip was a holiday or a PR exercise? Altho, it is possible to fly directly from Perth to Philippines, so maybe the Hong Kong trip was of some significance?
Discussion of the property market/accounting and tax market have been rather non existent on HotCopper and also by the company. My research tells me that offshoring of the property market has been done for over ten years, and similarly with the accountancy/tax. I analysed the work of an established Australian offshoring property management company (https://affordablestaff.com.au/property-management-and-real-estate-offshore-tasks/), and the tasks of accounting and tax companies. My take on Intiger's role in such industries is that it could be complimentary to these industries, but not a direct competitor. (some of Intiger's software may be useful for some of the roles). This is related to my original point of Intiger being a software company, not a manpower company...and my research tells me that accountancy/tax and property management are more manpower/worker intensive. Again, Intiger could play some of a role in beauracracy, but that there are clearly other jobs that need doing for property management.
(ie) Tasks for property management (from the affordablestaff website above)
Data Entry and CRM Maintenance Filing documents electronically and ensuring that all data is synchronized between the real estate CRM software, trust accounting software and other software platforms that are used. Maintaining the agency CRM to ensure it accurately reflect the current position of the business.
I'm still very intrigued by Lilly and AI. I would summarise that Intiger modus operandi is therefore best applied to the financial planning industry as it is predictive (using AI) and plays into the client's lifecycle by having predictive/automated capacity...by playing into the current financial ecosystem in say, Australia, and the world.
My final interpretation of this functioning is that Intiger could therefore be very well designed to deal heavily with the stockmarket (we know Intiger has declared a capability in this regard), and more so than accountancy/tax and property markets (less so).
Anyway, just my musings, and I'd like to hear everyone else's take on a few of the issues I've raised.
(I'm in this for longer than cup 'n handle formations)
(20min delay)