Overview

Rarebreed Technologies Pty Ltd, established in July 2017, is a ‘Fintech’ Start-up business. We have developed a financial services advice tool , called money CLARITY, that we now proceeding to commercialise as a web application. money CLARITY will be a SaaS platform that supports Financial Service Providers (AFSL’s, Financial Advisers, Mortgage Brokers) with the ability to deliver holistic advice in the areas of personal Cash flow/Money Management, Debt Reduction and Investment to Superannuation. In real-time, money CLARITY models various cash flow management strategies, then calculates and simulates one’s financial ‘Future-self’. Future-self Concept? The concept of one's future-self is an aspect of planning out future opportunities or occurrences that might affect one's future. Behavioural Science has identified that people think about their future-selves similarly to how they think about other people. Whilst cognitively they recognise their future-self as themselves, they discount this ‘person’ and contextually relate as if they were somebody else - a stranger. The extent to which people feel psychologically and emotionally connected (i.e. similarity, closeness) to their future-self influences how well they treat and make decisions today for their future-self. Studies in connectedness to one’s future-self have shown that when people feel a closeness to their future-self, they are more likely to save for retirement, make healthy decisions, and avoid ethical transgressions. Interventions that increase feelings of connectedness with future-selves can improve future-oriented decision making across these domains. In terms of personal finance, money CLARITY provides that intervention and allows for those in the areas of financial advice to present this to their clients.