YTML signs Merit Wealth and expands team
YTML has signed national dealer group Merit Wealth to its Seido platform – a financial services app store which consolidates multiple systems and solutions into a single integrated platform and support document generation including Statements of Advice (SoAs). Merit Wealth (a part of Easton Investments Limited group along with GPS Wealth) is replacing its existing self managed super fund (SMSF) advice application with Seido, recently releasing it to its 400 strong network of accountants with limited SMSF authorizations nationwide. According to YTML chief operating officer Piew Yap, the power of Seido is its ability to allow businesses to differentiate their value proposition to clients and its deep connectivity between financial […]
A home run for home buyers: Tic:Toc launches new low deposit home loans and $1000 cashback
Award-winning fintech company, Tic:Toc, today announced the launch of its low deposit home loans, offering low-cost digital home loans to customers with as little as a 10% deposit. The fintech has simultaneously launched a $1000 cashback offer to all customers who take out a Tic:Toc home loan. Tic:Toc’s new low deposit option, allows customers with a low deposit or less equity in their home, to access the benefits of Tic:Toc’s fully digital home loan assessment and approval platform. By covering the cost of lenders’ mortgage insurance (LMI) – delivered by leading LMI provider and Tic:Toc shareholder, Genworth Financial Mortgage Insurance Pty Ltd – customers with a 10-20% deposit can buy […]
Australian FinTech company profile #3 – The Invoice Market (TIM)
Here is our third Australian FinTech company profile – The Invoice Market (TIM) 1. Company Name: The Invoice Market (TIM.) 2. Website: www.TheInvoiceMarket.com.au 3. Key Staff & Titles: Angus Sedgwick (CEO and Managing Director) 4. Location(s): Sydney Head Office, operate nationally 5. In one sentence, what does your fintech do?: Provide Working Capital Solutions to Australian businesses. 6. How / why did you start your fintech company?: I started the Company to address a need in the business finance market that was not being well serviced by the incumbents. 7. What the best thing your company has achieved or learnt along the way (this can include awards, capital raising etc)?: […]
Square launches new Square Online Store to boost eCommerce offering for Australian businesses
Today, payments provider Square, Inc. (NYSE: SQ) launched the new Square Online Store, a product that will give Australian small business owners the tools they need to start or grow their eCommerce business instantly. Square’s new offering is also the first product to be fully integrated with Weebly, a powerful platform for building a website or online store, since the company was acquired by Square last year. Square Online Store enables business owners to easily create a professional website that fits their brand to help grow their operations in person and online. Additionally, it enables businesses to seamlessly sync their Square data, like catalog items and inventory, with their website. […]
Identitii partners with Trace Financial to simplify new financial message standards migration for SWIFT member banks
Identitii Limited (ASX:ID8), an Australian FinTech enabling the secure overlay of transaction level detail on top of financial messages using a private blockchain, has partnered with leading message transformation software provider Trace Financial Limited. The product partnership involves the integration of Trace Financial’s established message translation software, Transformer, with Identitii’s innovative overlay platform, Overlay+, to simplify the migration to new ISO 20022 financial message standards for financial business transactions. Headquartered in London, Trace Financial has technical expertise in SWIFT messaging, and has been providing software solutions to bank grade clients for over 30 years. Identitii will leverage Trace Financial’s sales network and conduct joint marketing activities for the adoption of […]
Frank Lab’s senior advisor Jasmine Koh interviews Gobbill CEO Shendon Ewans about the Federal Budget impact on Small Businesses and Startups
Key points: Bill payment automation company Gobbill is seeing more small businesses doing it tougher drawing on reserves to meet their payables. The 2019 Federal Budget may be good for some small businesses but certainly lacks investment in innovation. The increased instant asset tax write-off may help bricks and mortar type businesses but is unlikely to help high-tech innovative companies using scalable cloud processing and other subscription-based services. There should have been more support and a broader view of R&D as new fields and methods of engineering and scientific development have emerged and do not necessarily fit the traditional R&D models. A different lens should be applied to larger corporations […]
BGL wins Fintech Breakthrough award for Best Regtech company
BGL Corporate Solutions, Australia’s leading supplier of SMSF administration and ASIC corporate compliance solutions, has been recognised as Best RegTech Company in the 2019 FinTech Breakthrough awards. FinTech Breakthrough is a worldwide independent organisation that recognises the top companies, technologies and products in the global FinTech market. This is the second consecutive year BGL has been recognised as the world’s Best RegTech Company. “Over the year BGL Corporate Solutions has grown and evolved into the leading provider of SMSF administration and ASIC corporate compliance cloud software solutions, with over 8,000 clients in 15 countries now using its product suite of compliance solutions,” said James Johnson, Managing Director, FinTech Breakthrough. “As […]
SME lending is a valuable source of diversification for brokers says fintech lender OnDeck Australia
The Banking Royal Commission has highlighted the perils of relying on a single revenue stream, and SME lender OnDeck Australia is urging mortgage brokers to think beyond home loans and diversify into SME lending. Research by commercial lending fintech OnDeck Australia[1] confirms that 25 percent of Australia’s small to medium enterprises plan to seek additional business finance. Michael Burke, Head of Sales at OnDeck Australia, says, “There is clearly strong demand for SME finance, making this a revenue channel that brokers cannot afford to overlook. Moreover, our discussions with brokers indicate that, on average, one in four of a broker’s existing home loan clients are SME owners, providing a ready […]
