Company Announcements

Latest News

Q4/2023 – John Innes, CEO & Co-Founder

Futureproof appoints

General Counsel

Futureproof CEO, John Innes today announced the appointment of senior banking & finance lawyer, Shivagar Siva as Group General Counsel.

A capital markets expert and, for the last ten years, a Senior Associate and Solicitor with Norton Rose Fulbright, Walkers, Freshfield Bruckhaus Deringer and King & Wood Mallesons, Shiv has practised in United Kingdom, Cayman Islands and Australia.

Mr Innes said: “Shivagar’s specialist experience in capital markets, financing transactions, mortgage funding facilities, bond issuance and securitisation greatly assists Futureproof as we partner with leading investment banks, and financial institutions ahead of market launch of the new Equity Preservation Mortgage® in 2024.

We welcome Shiv to the Senior Leadership Team of Futureproof, joining experienced banking, insurance and product specialists driving much needed product innovation in retirement & aged care funding.“

Latest News

Q3/2023 – Margaret Rochford, Corporate Communications

HKTDC features Futureproof and IMS Digital Ventures

Hong Kong Trade Development Council today featured Futureproof and its Equity Preservation Mortgage®.

The HKTDC is a statutory body charged with creating platforms for international business in Hong Kong and facilitating business partnerships worldwide.

In its June edition of Tech and Innovation News HKTDC reports:

“Asset-rich cash-poor’ describes many retirees and an innovative Hong Kong start-up is set to help them unlock their home equity capital.”

Reporting on the successful tie-up between Futureproof and IMS Digital Ventures, it said:

“Futureproof works on a B2B2C basis, supplying lenders such as banks, insurers and mortgage originators with a software as a services (SaaS) platform to write the Equity Preservation Mortgage®…

The SaaS platform development led by IMS Digital Ventures in Hong Kong sees a team of 40 tech experts comprising systems architects, developers, data analysts and programmers supported by Futureproof’s actuaries, quants and product experts now completing the Product Platform build for market launch in June 2024.”

Futureproof CEO, John Innes was quoted as crediting the 2023 Asian Financial Forum, Asia’s leading finance, banking, insurance, fintech and investment forum held annually in Hong Kong as the platform that brought the fintech and venture builder together.

James Huey, Chairman of Futureproof and former Head of Commercial & Retail Banking at Westpac Bank, was reported as saying:

“The Asia Financial Forum is Asia’s premier platform for thought leadership, innovation, and networking for global financial and business leaders, investors, and entrepreneurs. Futureproof has been invited to be a Start-up Exhibitor at the AFF’s as the only fintech innovating in the retirement & aged care funding space, to address the global growing retirement funding gap.“

Current News

Q2/2023 – Margaret Rochford, Corporate Communications

Insurance News reports on the Equity Preservation Mortgage®

Insurance News, a leading insurance industry news channel, today reports on the progress of Futureproof. as an insurtech disrupter.

Insurance News reports:

“No insurer has any retirement funding product for the 70% majority of retirees who are asset-rich/cash-poor, other than a reverse mortgage.

This leaves insurers fighting for the 30% of retirees who are cash-rich trying to sell them annuities, guaranteed income products or investment products”

Futureproof CEO, John Innes was quoted as responding:

“No one likes reverse mortgages – not your parents as borrowers who lose their home equity and not the lender writing them at a 100% risk weighting … requiring Tier One capital to be locked up for regulated capital or solvency margin.”

There is a glaring lack of product and this is the white space for the life insurance industry for which no one has come up with any product innovation.

Current News

Q2/2023 – Margaret Rochford, Corporate Communications

Mortgage industry media reports on Futureproof

Australian Broker, a leading mortgage and financial industries media platform, today reported on the expected disruption of the US$20Bn p.a. global reverse mortgage industry by Futureproof.

Australian Broker is the mortgage & finance industry’s first, and remains its most trusted, online source of news, opinion and analysis including breaking news, cutting-edge opinion with expert analysis, that reports on the Equity Preservation Mortgage® as:

“A new, highly innovative mortgage product could spell the effective end of reverse mortgages and similar products globally within the next two years.”

Current News

Q2/2023 – Margaret Rochford, Corporate Communications

Tech Business News reports on Futureproof

Tech Business News today reported on the venture building tie-up between IMS Digital Ventures and Futureproof that sees the global SaaS-focused VC become a major shareholder.

Tech Business News, the respected online information & news platform for the technology sector, reports that:

IMS Digital Ventures & Futureproof build new partnership that will see Futureproof take the final step towards launching the Equity Preservation Mortgage® in 2024.

Current News

Q2/2023 – James Huey, Executive Chairman

IMS Digital Ventures backs and supports Futureproof to create a powerful SaaS venture building partnership

Leading VC, IMS Digital Ventures and Futureproof today announced a tech venture partnership and equity participation which will see IMS become a major shareholder in Futureproof following the signing of Agreements in Hong Kong..

IMS Digital Ventures is a Hong Kong-based VC founded by Anastasios Papadopoulos, a former US M&A attorney and Silicon Valley investor, which is focused on building and scaling global SaaS businesses.

With offices in Hong Kong and London and tech teams based in Silicon Valley, Singapore and Shanghai, IMS has a team of over 300 digital platform specialists, architects, analysts and developers specialising in B2B SaaS, eCommerce, Web 3.0, ML and AI.

John Innes, Futureproof CEO said: “The venture partnership with IMS now puts Futureproof on a timeline for market launch of the Equity Preservation Mortgage® in Q2 2024. We welcome Integrated Management Systems as our tech partner enabling Futureproof to launch and rapidly scale, and IMS Digital Ventures as the first VC onto our cap table.”

Anastasios Papadopoulos will now join the Futureproof board of directors adding a wealth of VC experience and track record of building successful global SaaS businesses.

The venture partnership with IMS Digital Ventures is an important step in Futureproof’s go-to-market strategy, rapidly advancing the market launch of the Equity Preservation Mortgage® to address two global problems resulting from the aging population – the growing retirement gap and inter-generational unfairness caused by wealth inequality.

Past News

Q1/2023 – Margaret Rochford, Corporate Communications

Asia First reports on Futureproof

Leading financial intelligence platform Asia First reported in its latest blog and newsletter on the Retirement Funding Roundtable which featured Futureproof, at the Asia Futurists Leadership Summit 2023.

Futureproof participated as an international guest presenter to the Summit, representing the fintech industry to discuss how fintech can assist with solutions to solve the growing retirement funding gap in both western countries and the super-ageing societies of Asia.

The final day of the Summit included a Thought Leadership Roundtable comprising Andrew Law, CEO of BOCI – Prudential Trustee Limited, Mandy Chan, Principal Retirement Services Leader of leading actuaries, Mercer and the Senior Leadership Team of James Huey and John Innes from fintech specialists, Futureproof.

Futurerpoof is the only fintech world-wide, focused on financial and product innovation in the retirement and aged care funding space.

Past News

Q1/2023 – Margaret Rochford, Corporate Communications

Asia Futurists Leadership Summit 2023

Futureproof was invited to participatet this year’s Asia Futurists Leadership Summit held in Hong Kong from 11 to 17 January.

The Summit brings together Thought Leaders on key issues of our time with some of the largest Family Offices and Investors from Asia.

The Asia Futurists Leadership Summit is organised by the Association of Family Offices in Asia (AFO), the Association of Private Bankers in Greater China Region (APB) and the Asia Co-investors Club (ACIC).

Eva Law, Founder & Chair of the Association of Family Offices said:

“The annual Summit is an important opportunity to focus Asia’s wealthiest Family Offices on key issues affecting our societies. It is an opportunity to review economic developments, government policy, impact investing opportunities and identify where Asia’s Family Offices can lead in ways to improve and secure all of our futures.

Ageing is one of the world’s Top 10 wicked problems with a growing retirement funding gap caused by the ageing population, exacerbated by longevity and an increasing dependency ratio of non-working seniors to working taxpayers that is causing a rapidly growing fiscal gap. It is a global problem, creating inter-generational unfairness as an increasing tax burden falls on younger generations – it has particular significance for those of us in the super-ageing societies of Asia.

Futureproof is a thought leader in retirement and aged care funding able to bring a fintech perspective to this issue. We are keen to hear how fintech can assist Government, retirement scheme providers and private sector financial institutions address this problem with financial innovation and new retirement funding products. “

Past News

Q1/2023 – James Huey – Executive Chairman

Asia Financial Forum 2023

Chairman, James Huey today announced that Futureproof is joining the Australian Mission The Asia Financial Forum is the major regional forum for Asian investment. Organised by the Kong Kong Trade Development Council, this annual event has returned after two year COVID-19 hiatus, With government and institutional partners and major press partners, this event brings together global leaders in finance, business, investment and the fintech industry.

To be held 11-12th January 2023 at the Hong Kong Exhibition Centre, the AFF features a plethora of financial innovations, cutting-edge solutions and game-changing business ideas to facilitate business collaboration and empower entrepreneurs and startups.

Futureproof Chairman, James Huey said: “The Asia Financial Forum is Asia’s premier platform for thought leadership, innovation, and networking for global financial and business leaders, investors, and entrepreneurs. Futureproof has been invited to be a Start-up Exhibitor at the AFF’s as the only fintech innovating in the retirement & aged care funding space, to address the global growing retirement funding gap.“

Futureproof’s Chairman, James Huey and CEO, John Innes took the opportunity to brief the Australian Consul-General to Hong Kong, Ms Elizabeth Ward and the Department of Foreign Affairs & Trade’s HK Business Development Team on the Equity Preservation Mortgage™ and its importance to the super-ageing societies of Asia and key Product Issuers including Hong Kong life insurers, retail banks and the HK Government which administers the MPFA Scheme for Pre-retirees and HKMC scheme for Retirees.

Futureproof CEO, John Innes later presented the Equity Preservation Mortgage™ to an audience of Asian regulators, bankers, insurance carriers and fintech investors at the Innoventure Salon, featuring fintech and financial services innovation as part of the AFF.

Australian Mission comprises 20 leading fintechs and financial services delegates to the AFF which is to be opened by Ban Ki-Moon, 8th Secretary-General of the United Nations and The Hon John KC Lee, Chief Executive of Hong Kong SAR.

Past News

Q4/2022 – Ted Tzovaras, Director & Special Counsel

Futureproof wins place at FinAccelerate

Director and Special Counsel, Ted Tzovaras, today announced that Futureproof has won a place in the 2022 Cohort of the prestigious USA-based FinAccelerate program.

FinAccelerate is the intense accelerator program of one of the world’s leading and largest law firms, Jones Day.

This program held in San Francisco and Silicon Valley, seeks to identify the world’s best up and coming fintechs and is supported by a strong ecosystem of world-leading advisors, investors and partners, including Accenture. Qualifying fintechs are selected based on the strength of their team members and technology innovation. The objectives of FinAccelerate are to give fintech entrepreneurs wide-ranging legal knowledge and connect them with US financial institutions, investors and potential joint-venture partners.

Abradat Kamalpour, a Partner in the Jones Day San Francisco office and creator of the FinAccelerate programme, said: “Leading multinational financial institutions and corporate clients are actively seeking innovative fintech companies, and innovative fintech companies are in need of legal know-how and access to funding and institutions to grow their businesses.”

Co-Founder of Futureproof, John Innes said; “FinAccelerate is an important program for fintechs entering or operating in the US market. Being organised by Jones Day and with its emphasis on the US legal environment particularly regulatory, compliance, cross-border, intellectual property, commercial law and capital markets, it is very different from any other accelerator program.

Futureproof is stepping out of stealth mode ahead of its US market launch in 2024. The Company operates in the highly regulated retirement & aged care funding space and as a B2B2C platform-as-a-service company (PaaS) makes its flagship Equity Preservation Mortgage™ only available to regulated financial institutions such as banks, insurance carriers and non-bank lenders.

With over 30 years experience as a Corporate Lawyer in financial services, having previously founded a successful digital insurer, having secured insurance licences and as former Head of Product for Australia’s largest insurer, I recognise that success requires not only expert domain expertise, but a strong understanding of the legal and regulatory frameworks in which we operate.

Futureproof looks forward to developing its relationship with Jones Day and connecting directly with major US financial institutions and US VC investors through FInAccelerate.”

Designed to support high quality fintech businesses, FinAccelerate will involve a Cohort of only 20 companies selected from global fintechs based on the strength of their team members and the innovative technology that they are developing.

Jay Tambe, Head of Jones Day’s Financial Markets Practice, said: “FinAccelerate is a unique opportunity to connect innovative fintech start-ups to investors and institutions, provide fintech companies with an overview of legal issues across disciplines and jurisdictions, and engage all active players in a flourishing ecosystem of innovation.”

FinAccelerate will feature nearly 50 lawyers from Jones Day and more than 20 advisors, investors, and influencers, as well as an audience of leading banks, venture capitalists, and fintech “unicor

Past News

Q4/2022 – Margaret Rochford, Corporate Communications & Marketing

Insuretech Australia updates on Futureproof

Insuretech Australia provided its members with an update on Futureproof in its November Newsletter.

Margaret Rochford, Head of Corporate Communications & Marketing today advised: ” The team at Futureproof has had a busy time since stepping out of stealth mode in June at the On Ramp Life Insurance Conference in Minneapolis, USA.

Executive Team members have been involved in fintech and insurtech acceleration programs and key industry events , dividing their time between USA, Hong Kong and Australia.”

At Asia’s largest fintech event, the recent 2022 Hong Kong Fintech Week, the CEO of Ping An Insurance, Ms Jessica Tan, affirmed the growing recognition by the banking and insurance industries that the mass-market, particularly the asset-rich cash-poor, are under-served in wealth management.

Futureproof CEO, John Innes, in an interview with the South China Morning Post at 2022 Hong Kong Fintech Week stated: “What is clear from our meetings with the Asian banking and insurance industry leaders and Regulators at Fintech Week, is that there is a growing recognition that the Equity Preservation Mortgage™ is a long-overdue product innovation that finally addresses the growing retirement funding gap not only in the ageing markets of USA, UK, Europe and Australia but is particuarly needed in the super-ageing Asian markets of Hong Kong, China, Taiwan, Singapore, Japan, Korea and Malaysia.”

Past News

Q4/2022 – Margaret Rochford, Corporate Communications & Marketing

Jones Day video update on FinAccelerate

Watch this short Jones Day video to hear what the 2022 Cohort had to say about the FinAccelerate program in Silicon Valley.

With only 20 fintechs selected world-wide, these represent the ‘best of the best’ with many likely to be our future unicorns as each now goes to market or accelerates its scale-up

Past News

Q3/2022 – John Innes, Co-Founder & CEO

Futureproof to be part of Asia’s premier fintech event

Futureproof CEO, John Innes, tody announced that Futureproof has been selected by Invest HK and Fintech HK to participate in the 2022 Hong Kong Fintech Week

to be held 31 October – 4 November at the Hong Kong Conference and Exhibition Centre.

John Innes said: “Hong Kong Fintech Week is Asia’s premier fintech event hosting 20,000+ attendees from 85+ economies and renowned international and regional media. This event showcases the best fintech scale-ups and growth companies and Futureproof is excited to be selected to participate. As we step out of ‘stealth’ mode, this is an important opportunity to showcase the Equity Preservation Mortgage™ to Asia’s leading banks, insurance carriers, fintech partners, financial regulators and VCs.”

Last year’s Hong Kong Fintech Week was a virtual event that drew more than 1.2 million on-line viewers, 500 exhibitors; hosted over 350 speakers, 230 journalists and 29 delegations from over 130 countries, including The Wall Street Journal, South China Morning Post, CNBC, Thomson Reuters, Financial Times, Forbes, Yicai and Bloomberg and generated more than 100 hours of content.

This year’s Hong Kong Fintech Week returns as a hybrid format with in-person and virtual participation.

This government-sponsored event features conferences with prominent speakers, the Global Fast Track programme, exhibitions, a deal floor, networking events, demo shows and start-up pitchfest.

Past News

Q3/2022 – James Huey, Executive Chairman

Futureproof chosen as an ‘Alpha Startup’

Futureproof is pleased to announce that it has been selected by FWD Insurance and 1337 Ventures as an

‘Alpha Startup’

to join this year’s Cohort 4 of leading insurtech’s in the

FWD Insurance Startup Studio.

FWD Insurance Group is a Hong Kong-based insurance carrier offering life insurance, general insurance, health insurance medical insurance and employee benefits. DFW Insurance serves over 10 million customers in Hong Kong, Thailand, Malaysia, Singapore, Japan, The Philillipines, Macau, Cambodia, Vietnam and Indonesia. The company was founded in 2013 as the insurance arm of Pacific Century Group by its Chairman,

Richard Li.

FWD Insurance is a rapidly growing insurance company focused on insurtech, product innovation, acquisition and growth.

Executive Chairman of Futureproof, James Huey said: “We are very pleased to be associated with FWD Insurance, identified by Futureproof as a leading Asian insurance carrier that has always been very focused on insurtech and product innovation, making it an ideal partner of Futureproof in Asia.

Participation in the FWD Insurance Startup Studio is an important initial step in developing our relationship and gaining a better understanding of the FWD Insurance business ahead of a co-creation program to adapt the Equity Preservation Mortgage™ to key Asian markets.”

The FWD Insurance Startup Studio is managed by

1337 Ventures.

Past News

Q3/2022 – James Huey, Executive Chairman

Futureproof selected for Global Fast Track Program 2022

Futureproof’s Executive Chairman, James Huey, today announced that Futureproof has been selected for the Global Fast Track Program 2022 managed by

Finnovasia.

Participating regulatory partners include:

Hong Kong Monetary Authority

Insurance Authority

Securities and Futures Commission

Mr Huey said: “The Global Fast Track is a valuable program that matches the world’s most innovative fintechs and insurtechs with both Investors and Partners. It also provides a unique opportunity to connect and consult directly with Regulators.”

The Hong Kong Monetary Authority owns the Hong Kong Mortgage Corporation which offers a reverse mortgage scheme for Hong Kong Seniors.

The program culminates in the annual Global Fast Track Awards to be announced at Asia’s largest global fintech event.

Past News

Q2/2022 – James Huey, Executive Chairman

Dr Peter Langkamp joins Futureproof

Dr Peter Langkamp, OAM, FAICD joins the Executive Team of Futureproof to lead the development and market launch of the institutional version of the Equity Preservation Mortgage™ in Australia, USA and UK.

The institutional Equity Preservation Mortgage™ is transformative for not-for-profits, religious institutions, charities, community-based organisations and property developers having portfolios of residential properties. It monetises the capital tied up in residential properties used for social housing, defence housing, build-to-rent, independent living and disability housing, to create tax-free income to fund on-going repairs & maintenance programs and new builds.

James Huey, Executive Chairman of Futureproof said: “We weclome Peter at this exciting time ahead of 2023 market launch in USA then UK and Australiasia. Peter brings to Futureproof, strong ties with the not-for-profit sector, Australian banking & credit unions and a long association with Accenture, including three years as a strategic advisor.”

His experience includes Bendigo & Adelaide Bank, Federal Government advisor on the NDIS, CEO of Novare Asia-Pacific (an Accenture joint venture) and he has led successful businesses including the establishment of the popular national Fly-Buys loyalty program between Coles, National Australia Bank and Shell.

Dr Langkamp is a Director of The Disability Trust, genU and Ermha365 Limited and has served as President of Carers Australia.

Past News

Q3/2022 – John Innes, Co-Founder & CEO

Pre-Series A Convertible Note Funding Round

The Futureproof Board today approved terms of a

Pre-Series A funding round of USD$15M to be announced at the 2022 OnRamp Insurance Conference in Minneapolis, USA.

This capital investment is being offered in a series of tranches of up to US$5M each to insurtech and fintech CVCs and VCs in USA, UK and Asia using Convertible Notes.

Investment capital is being raised to underwrite the cost of final Product Platform SaaS development of the Equity Preservation Mortgage™ and provide an extended capital runway through to market launch.

CEO and Co-Founder, John Innes said: “We look for more than a cheque. Our focus is on identifying the right investment partners who not only understand the insurtech and fintech space in which we operate, but have the capacity to provide follow-on investment into our Series A USD$40M new share issue scheduled for late 2024, following USA market launch.

Importantly, we look to those fintech, insurtech and agetech VCs that have major banks, insurance carriers and investment banks as their LPs providing depth of investment capital and CVCs owned by financial institutions. For Futureproof, this provides not only funding support, but strong commitment from their supporting banks and insurance carriers as Product Issuers of the Equity Preservation Mortgage™ in our key markets.”

Futureproof has instructed global law firms, Jones Day and Squire Patton Boggs to advise and act in relation to this corporate and funding transaction.

Past News

Q2/2022 – Margaret Rochford, Head of Marketing & Corporate Communications

Futureproof Thought Leadership Series 1

The first of a new Futureproof Thought Leadership Series featuring short videos in which leaders in financial services and fintech innovation, each describe their personal Futureproof journey.

Past News

Q1/022 – John Innes, Co-Founder & CEO

Thank you to our talented team of senior undergrad and post-grad legal interns

Futureproof’s Sydney-based R&D team includes a talented group of legal interns comprising the ‘best and-brightest’ graduates and senior under-grads specialising in tech law, corporate law, regulatory & compliance and intellectual property law drawn from Australia’s top law schools at University of Sydney, University of Technology, Sydney and University of New South Wales.

A late afternoon and dinner cruise on Sydney Harbour to thank them.

Past News

Q4/2021 – Wesley Chow, Chief Financial Officer

Futureproof opens new office in Channel Islands

Welsey Chow, Chief Financial Officer, today announced the opening of a new Channel Islands office in Guernsey from October 2021.

Located at Le Marchant House at St Peter Port, this Futureproof office will house our Channel Islands team headed by local directors, supported by visiting resources from London.

This is an important operational move for Futureproof supporting its longer-term plans to re-domicile the Group from Hong Kong to the Channel Islands, which offer a robust and stable regulatory environment supportive of the activities of global businesses.

Past News

Q4/2021 – James Huey, Executive Chairman

Futureproof first fintech to receive. regulatory approval to operate incorporated cell structures in Guernsey

Futureproof Executive Chairman, James Huey, announced that on 1 November 2021, Futureproof ICC Limited received regulatory approval from the Guernsey Financial Services Commission to operate. This is an important step in the strategic re-structure of Group operations.

Futureproof ICC Limited is now set to become the new principal operating company of the Group.

This is the first fintech/insurtech company (and only the third technology company) to receive approval to use an Incorporated Cell Structure, which are normally restricted to regulated financial activities (such as insurance, reinsurance and funds management), following recent amendments to The Companies (Guernsey) Law, 2008.

These are important legislative changes reflecting the new focus of States of Guernsey Government to attract technology companies.

Collas Crill (Lawyers) advise Futureproof in relation to local compliance and corporate matters.

Past News

Q3/2021 – Ernst & Young

2021 Australian Insurtech EcoSystem Map

Ernst & Young today released their 2021 Australian Insurtech EcoSystem Map.

The latest map features, for the first time, Futureproof.

EY reports that this 4th Edition of the EcoSystem Map shows a 52% increase in the number of Australian Insurtech’s since 2020.

Futureproof joins a select group of just 18 Insurtechs focused product innovation to deliver better Customer value.

Past News

Q3/2021 – Your Life Choices

Older Australians Insights Survey 2021

Leading digital media and retirement portal for older Australians, Your Life Choices today released their annual Older Australians Insights Survey.

This important survey provides a snapshot of the serious retirement funding shortfall facing most Seniors.

72% own their home outright. However, the Survey highlights the dilemma Retirees face having so few financial product options. Your Life Choices reports that 58% are not considering downsizing their home (plus another 23% are unsure) yet, at the same time, 57% respond that their savings will not provide an income for life.

Past News

Q3/2021 – John De Ravin, Senior Actuary

Optimal Draw Down Rate in Retirement

Advisory Board Member and Head of Technical & Product at Futureproof team, John De Ravin, together with colleagues Estelle Liu, Rein van Rooyen, Paul Scully and Shang Wu, look into what is the optimal account-based pension draw down rate in retirement.This important work develops new drawdown rules that yield improved total lifetime utility of consumption for Retirees.

Their new useful rule of thumb for single Retirees is to “Spend Your Decennial Age“.

This simply means, in your 60s draw down 6% of the beginning-of-year your account-based pension balance. In your 70s draw down 7% and in your 80s draw down 8%.

In Australia, once you hit 85 the statutory minimum drawdown rates app

Past News

Q1/2021 – Insurtech Australia

Voice of Australian Insurtech features Futureproof

Insurtech Australia today featured Futureproof in its May 2021 Newsletter.

Insurtech Australia is the leading industry body fostering a diverse community of insurance innovation and collaboration by bringing together insurtechs, insurance practitioners, entrepreneurs, technologists, innovators, and industry stakeholders across Australia.

Our new type of equity release mortgage – the Equity Preservation Mortgage™ is due for Australian release in 2022.

Past News

Q2/2021 – Innovate | Finance UK

Voice of Global Fintech features Futureproof

Innovate | Finance is the independent industry body that represents and advances the global FinTech community in the UK.

Innovate | Finance UK today featured Futureproof in their “Shining a Spotlight On” Series – a platform recognized as showcasing the brightest and best in UK FinTech.

Innovate | Finance plays UK’s leading role in the financial services sector by directly supporting the next generation of technology-led innovators.

The support of industry bodies such as Innovate | Finance that bring fintechs, financial institutions, regulators and governments together is an important part of Futureproof’s market launch in UK and Australia – the most highly regulated financial markets in the world.

The UK launch of our Equity Preservation Mortgage™ – a new form of equity release – is planned for late 2022 with Futureproof now inviting participation from an initial group of leading UK financial institutions as Product Issuers.

Past News

Q3/2021 – Fintech Australia

Voice of Australian Fintech features Futureproof

Futureproof and its breakthrough equity release mortgage – the Equity Preservation Mortgage™ – was today featured by Fintech Australia in its weekly Five Fintechs, a series profiling the best of the Australian fintech community.

As the leading representative body for Australia’s fintech industry, Fintech Australia brings together all parts and players in the financial technology ecosystem. Most important is its work with government and industry to develop new approaches to help accelerate innovation while ensuring a secure and stable financial system.

These objectives and values directly align with Futureproof’s design & development criteria – that no financial or product innovation should introduce any incremental or new systemic risks into the financial system that are not already being risk managed, underwritten and insured in the market today.

The Australian launch of our Equity Preservation Mortgage™ is planned for mid 2022 with Futureproof currently in discussions with an initial group of leading financial institutions in Australia as Product Issuers.

Past News

Q4/2020 – Royal Commission into Aged Care

Futureproof Submission

The response of Australia’s financial institutions to the Royal Commission has been under-whelming.

Traditional banks & insurers need to decide whether to be part of the solution or continue to be part of the problem – because the team at Futureproof will continue to drive change for the better.

Read more about fintech and insuretech innovation bringing whole-of-life funding solutions and breakthrough financial products for each life-stage of retirement & aged care, in our Submission to the Royal Commission into Aged Care.

A response from Government is expected after the May 2021 Federal Budget and ahead of the next Federal election due on or before 21 May 2022.

Past News

Q1/2021 – Media Release – Aged Care Royal Commission

New AUD $2.5M Trillion Capital Pool

Futureproof today issued a Media Release to the financial press in its Australian R&D test market.

With an average mortgage loan size of AUD$880,000, our Equity Preservation Mortgage™ – an innovative new type of equity release mortgage – is identified as the only financial instrument in the world capable of responsibly unlocking substantial home equity.

Through conversion to home capital, a new asset class is created to make available, for the first time, the $2.5 trillion capital pool for self-funding retirement and aged care in Australia.

Home capital is the last remaining asset class of sufficient size and capital depth to make a fiscal difference for Governments seeking solutions to funding shortfalls and to address fiscal issues arising from the rapidly deteriorating dependency ratio of taxpayers:retirees caused by the ageing population.

Past News

Q1/2021 – New Fintech Partnership

Futureproof Completes Investment in Stropro Technologies

Structured products can play an important role in the asset mix of investors alongside traditional asset classes.

Depending upon the design of each, structured products can be used within a portfolio to remove market volatility, protect capital whilst investing tactically or enhance income in low interest rate environments.

Futureproof has recently entered into a strategic relationship with fintech disrupter, Stropro.

Led by ex-Citi executives, Stropro has democratised structured products as a platform-enabled business bringing institutional capabilities to wholesale and sophisticated investors.

Structured products arranged by Stropro are issued by leading investment banks and supported by institutional guarantees.

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