Coffee with Samso Episode 61 with Craig Mason, Executive Chairman of Complii Fintech Solutions Limited. In a complex world of the share market, simplicity and speed will create cost savings and allow transactions to be more free flowing.
Complii Fintech Solutions Limited (ASX: CF1) is a very boring but yet mandatory business that was listed on the Australian Stock Exchange (ASX: ASX) last year. The business in stockbroking has changed dramatically over the last 30 years.
In fact, the industry probably has felt that the las ten years have been the most significant. As Australian Securities and Investments Commissions (ASIC) and the ASX step up their regulatory requirements, the industry has changed dramatically. Most industry participants will agree that there are more to come. For the industry the need to be compliant and to protect all participants has become mandatory. Broking firms need to protect themselves and also to protect their clients hence the use of technology such as Complii will become mandatory.
As Craig mason explains, the technology was written for the ASX and is complete. There are no stages to go through. The company is beyond proof of concept, in fact, they having paying clients.
Craig puts a very compelling statement,
This business is a mandatory exercise for the broking industry. The technology not only make work more efficient, it protects all participants from the industry.