White paper urges central technology role for mortgage advisers

The white paper, released following the IMBF Conference in Dublin earlier this year, warns “innovation is often characterised by superficial changes that generate noise rather than delivering value.”

IMBF chairman and Finance and Mortgage Advisers Association of New Zealand (FAMNZ) managing director Peter White says the experience of many international advisers is that platforms and fintechs develop in isolation and then push their solutions downstream.

“Superficial changes are often being sold as innovation and instead of delivering value, new features aren’t actually addressing the challenges advisers face,” he says.

“The solution lies in better utilising the knowledge, skills and experience of mortgage advisers who need to be involved in product testing and engaging directly with software vendors.