BGL announces an industry first integration with Smarter SMSF
BGL Corporate Solutions, Australia’s leading supplier of SMSF administration and ASIC corporate compliance solutions, is proud to announce an industry first integration with Smarter SMSF – allowing CAS 360 and Simple Fund 360 clients to purchase Smarter SMSF documents from within their BGL software. “We’re thrilled to launch this new service with Smarter SMSF”, says Ron Lesh, BGL’s Managing Director. “Smarter SMSF has been part of our Ecosystem for a long time. The new service provides BGL clients the ability to subscribe with Smarter SMSF for a document bundle based on their needs. These documents are tightly integrated into both CAS 360 and Simple Fund 360. “This seamless document integration […]
Novatti joins IBM World Wire network as a foundation member
Novatti Group Limited (ASX: NOV) announces it will join IBM Blockchain World Wire1, a real-time global payments network for regulated financial institutions such as Novatti’s subsidiary Flexewallet Pty Ltd. IBM World Wire is designed to optimize and accelerate foreign exchange and remittance services through a New Cross-Border Payments Network Supporting Real Time Payments and Foreign Exchange on the Stellar Protocol. By connecting to the World Wire network, Novatti now has access to a single unified network for foreign exchange and cross-border payments clearing and settlement built on blockchain technology and the Stellar public protocol. This will allow Novatti to offer clients the ability to conduct transactions across additional currencies and […]
Wisr sees strong support for new debt reduction app
Wisr (ASX: WZR) announced more than 4,000 Australians have downloaded the new Wisr App during its testing phase, which automatically ‘rounds-up’ digital spare change to pay off debt faster. The app is the newest financial wellness product to be offered by neo-lender Wisr and is the first in Australia to ‘round-up’ spare change with a focus on credit card or mortgage debt reduction. Wisr App can be used by customers of most Australian banks. Wisr App links a user’s everyday transaction account, rounding-up purchases to the nearest dollar and automatically paying the funds off a nominated debt – including credit card debt or mortgage debt with any financial institution, or […]
BGL declares war on Australian Super
BGL Corporate Solutions, Australia’s leading supplier of SMSF administration and ASIC corporate compliance solutions, is extremely disappointed with the comments made by Ian Silk the CEO of Australian Super about SMSFs. “Ian like most CEO’s and Directors of Industry and Retail Funds simply don’t get it” said BGL’s Managing Director Ron Lesh. “People move out of large funds because of the lack of transparency, the huge salaries paid to executives, the unrepresentative boards, the hugely wasteful advertising expenditure but most of all the desire to control their own destiny.” “Silk is using data from the Productivity Commission that is simply not correct!” says Lesh. “Industry data over the past 20 […]
Five ways to better manage cashflow for your business
Did you know, according to the Australian Securities and Investment Commission (ASIC), 46% of all company failures occurred due to inadequate cash flow in 2015/16? Cash flow is vital to a business, and management should be priority number 1. So how can you better manage cash flow in a business, whether you sell products, provide services, or do a bit of both? Here are five ways to better manage cash flow in your business 1. Look at your balance sheets and make a projection In business, like in sport, you need to keep score. Keeping score tells you whether you’re winning or losing. Balance sheets and profit and loss statements […]
UBank launches world’s first consumer Green Term Deposit certified by the Climate Bonds Initiative
UBank is now offering Australians with a sustainable way to invest with today’s launch of the world’s first Green Term Deposit in the customer space certified by the Climate Bonds Initiative (CBI). UBank’s Green Term Deposit is matched to a portfolio of renewable energy projects such as wind and solar power, and low carbon transport and buildings. It allows customers to use the savings in their term deposits to support a positive environmental impact, while still enjoying a high return. Certified by CBI, a not-for profit that has developed a standard for investments which address climate change, UBank’s Green Term Deposit is available to all customers with a minimum $1,000 […]
Identitii commences phase two with HSBC
Identitii Limited (ASX:ID8), the FinTech company enabling banks and corporates to securely exchange intelligent information in real-time, is pleased to announce further engagement with global tier one bank, HSBC Global Services (UK) Limited. Following the successful completion of phase one of its project with HSBC, a customer since 2017, Identitii has commenced work on phase two of the project under the existing Framework Agreement. Phase two will deliver additional functionality to support HSBC’s plans to roll out Identitii’s solution into multiple geographies. Identitii also expects phase two to drive increased consumption of data points (transactions) across its platform. Initially, phase two will generate additional revenue of up to US$480,000 for […]
Prospa momentum continues as loan originations surpass $1 billion
Prospa, Australia’s number one online lender to small business, is pleased to announce its pro-forma results for H1 FY19. Total loan originations for H1 FY19 were $225 million, up 10% on the forecast of $204 million and up 44% on a pcp basis. Total loan originations for CY18 were $436 million, up 13% on the forecast of $386 million and up 51% on a pcp basis. Prospa’s total loan originations have now surpassed $1 billion comprising A$1 billion in Australia and NZ$10 million in New Zealand, delivered to over 19,000 small businesses as demand continues to grow. Revenue is ahead of forecast with H1 FY19 revenue $67.7 million, up 8% […]
