The Australian Money Market platform allows users to transact investments online without the need for additional paperwork.

“Funds stay in the client’s name and the platform provides an automated reporting capability, data feeds to software packages, confirmation storage, auto reconciliations, maturity alerts and audit certificates for each individual client,” said BGL.

BGL managing director Ron Lesh said Australian Money Market streamlines the administration of investing in term deposits online.

“With Australian Money market you can see all your term deposits in one place and maximise interest received on every rollover, it’s a true game changer and time saver for BGL clients,” said Mr Lesh.

“We’re thrilled to have Australian Money Market as part of BGL’s ecosystem.”

Australian Money Market managing director Stephen Jewell said the partnership with BGL would further streamline the administration and data feeds from the platform.

“We are delighted to be partnering with them to provide a win-win situation for both current and prospective clients that want to improve efficiencies and decrease administration time and, ultimately, costs,” said Mr Jewell.