Can answer the first question. Question was asked about...

Can answer the first question. Question was asked about competition yesterday night. Currently there is none. For the big instos to emulate what Intiger has to offer, there are two aspects to consider.

- Software - MF took lot of capital and time and resources (right ones too)/technique to develop the algo and software. At least a year, think he was referring to Lilly.
- Offshore process - MF again took time and right resources to get this right and maintain it and keep the costs down as the office locations and job markets are dynamic. Again at least a year or two.

Then the competition would also need to hire someone with the experience to spearhead/manage this
Add say 3-6 months for finding someone.

So that is easily 2 years (optimistically) all the while, competitors instos/FP groups are already using Intiger Solution.

From their perspective, why put so much capital outlay/resources when the service is already ready to go.


Could not really answer Q2 but PC could answer. We touch base on ASIC and financial planners compliance but not in terms of the prop software IAM has.