Friday, October 9, 2015

Savings: how to play the new technologies – L’Express

Life Insurance Online

Once again, cash in euros Internet contracts have outperformed the market in 2014 with close to 3% yield. Sold by actors like Altaprofits, Boursorama, Fortuneo, ING Direct, life insurance. com, BforBank, LinXea, My-investments. fr, etc., these offers have substantial competitive advantages that dig the difference with the major networks. First, shop window effect oblige, they take advantage of a generous income distribution policy on the part of some insurers (Generali ACMN Life, the group Crédit Mutuel Nord Europe Suravenir, Arkéa of Crédit Mutuel Group, Credit Agricole insurance) who chose to bet on the “on line” .

And the posted rates are the more attractive they are net of charges on payment (which, with few exceptions, is not the case with other contracts of the market). This “zero entry fee” argument also goes hand in hand with relatively moderate annual management costs.

Besides the fact that they rely on quality euro fund, the Internet contracts are all multi-manager (several hundred funds are available free management) and very reactive. Arbitrations (passage from one medium to another), free and available in unlimited numbers, are usually executed in line j + 1, j + 3 against (and sometimes j + 10!) In conventional networks. These contracts are also matching service upscale delegated management, which, piloted by renowned partners (Lazard Frères Gestion for Altaprofits, Rothschild & amp; Cie Gestion for ING Direct …) often give convincing results. “Our different management profiles refereed by Edmond de Rothschild AM teams have generated year staggered performance of + 5.4% for the more defensive to + 8.5% for the offensive” comments Benoit Grisoni, Director of Boursorama Banque.

Finally, no offense to their critics, actors Net compensate the lack of contact face-to-face with the customer through the provision of telephone platforms, various tools accessible on their sites (financial information regularly updated, simulations, etc.), the development of SMS alerts and specific smartphone applications that have nothing to envy to that found in a conventional ATM?


There is much talk these days of the start-up 100% online that capitalize on new technologies provide financial services, value-added and cost in the fields of managing current accounts (Linxo, Bankin ‘), means of payment, credit, consultancy and asset allocation, etc. Qualified overseas “robo-advisors” (robots advisors), the FinTech that address the management of savings systematize and optimize financial advice by using complex algorithms. The use of the latter has in itself nothing new. But the FinTech make this software the cornerstone of their development strategy, with the aim of democratizing the practice of high-end heritage management.

“We have developed an algorithm that allows each visitor to have a few clicks a picture of the structure of its assets and, within minutes, an optimization proposal for it in depending on the degree of risk aversion, “said Maxime Camus, CEO of Targeting financial wealth between 0 and € 100,000, Yomoni, appeared on the market in September 2014, will for its part a step further. Defining itself as the “first 100% online management company”, she proposes, subject to 0.7% term costs, to arbitrate portfolios of ETFs (exchange traded funds, also known as trackers) via a life insurance contract.

An actor as Advize axis, he, his difference in his tools of “profiling” , then, in partnership with the coach Morningstar Fund offer clients allowances “types”, in line with their risk-taking and their economic goals. Others, like Mary or Quantier FundShop, focus on optimizing portfolios or life insurance contracts.

Fort attractive in principle, the offer of FinTech however requires taking a step back. “This concept of systematized and optimized board that gives pride to index management solutions is obviously not unattractive, but the ” robo advisor “ can reach its limits in certain complex circumstances” Benoit Grisoni recalls.

Remote Banking

Investing in investment banking strumming on his computer, without having to move from her sofa or leave his vacation spot located thousands of kilometers from France: this is the advantage of well-known online banks. “Originally, many have started a savings product, such as paid superlivret, or being simple market platforms”, said Guillaume Clavel, founder of Today, all offer a complete package with short-term investment solutions (housing savings, passbook, superlivret, etc.), medium term (PEA formula funds, etc.) and long-term (see life insurance online). Some market recently the mortgage.

Strengths remote banks: their costs are reduced, as the stock market in life insurance. Current accounts are associated with free payment cards. Moreover, yields have nothing to envy to those of traditional banks, they are even higher (booklets, life insurance). The versatility is also the rendezvous with an online control for changing the amount of its installments to spend a stock market order or installing alert settings.

Special feature: these players make no range effect. “The offer is voluntarily restricted for simplicity and visibility,” said Julien Schahl responsible investment products strategy at ING Direct. Nevertheless, there is plenty of choice on UCITS with free access to all the media (banks, independent management companies) on the market, nearly 9,000 funds. Side technology, processes are constantly evolving. “We work a lot the subscription route and try to move towards the paperless,” says Benoit Grisoni, Director of Boursorama Banque.

The fact remains that a deal available 7 days 7 and 24 hours on 24 is not suitable for all audiences. Only savvy savers, autonomous and digital enthusiasts like to sail solo and in real time in the financial world. “We provide tools that recreate a home market hall,” sums Guermonprez Gregory, Marketing Director Fortuneo France. While banks offer e-advisors (not VOR) with regular appointments telephone and e-mail exchanges, some individuals prefer to always push the door of their agency.


This is the last few years, the investment in the zeitgeist. The idea is to mobilize through the Internet, investors who do not know each together to finance a concrete entrepreneurial project order. This “crowdfunding” (translation of crowdfunding) to lend money with interest to companies. To raise funds through this type of financing, these companies (startup, SME, etc.) carry out bond issues or accept equity in their capital.

Property: three crowdfunding operations unwound

 Savings: how to play the new technologies


Investment of Assets in crowdfunding appealing for several reasons . First, the project is concrete, and to participate, simply connect and contribute funds to a specialized platform responsible for the collection. Then, the entry ticket is available. The outlays start soon € 20, for downtime ranging from several months to five years. Finally, investment returns are friendly, moving between 5 and 10%. What kick-old Livret A and LDD to painfully serve 0 75%.

The fact remains that this new generation of investments includes a healthy dose of risk. The Financial Markets Authority (AMF) requires platforms crowdfunding that, throughout the underwriting process, the user is informed about the highly risky aspect of its investment. Not only the performance but is not guaranteed capital loss exists. This activity is comparable to the private equity – an investment in a young company looking for capital to expand. But nothing says that it will achieve its objectives, succeed or remain viable. There may be case sensitive.

For two years, the crowdfunding real estate has grown significantly. The fund collected money from real estate development operations, rental investment (old and new), whether in homes, offices or shops. Again, the stated yields are attractive. To date, only three transactions were unwound (see table) and “small” history does not guarantee the outputs following success. So better to play safe and diversification.

Sure value: the equity loan to a particular

This money lending between individuals on the Internet formula is developed by Union Loan. Lenders see remunerate their savings (at least € 1,000) at a rate ranging from 3.10% over two years at 6% over five years. The funds come to fill an envelope for distribution to future consumer loans. This pooling lenders aims to reduce payment risks. Refunds of “creditors” start from the month following the grant of the sum with the possibility to progressively recover their capital together with interest. As for borrowers, they are selected and ranked by Loan Union according to their level of risk. High risk causing a higher rate of pay.


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