Proactive approach to compliant marketing needed: YTML
Recent interventions by ASIC, like cracking down on the use of words such as ‘independent’, highlight the need for Australian Financial Services Licensees (licensees) to be more careful about the wording of their own marketing materials and be more proactive about monitoring and approving the material being used by their advisers, according to fintech, YTML. YTML CEO, Kevin Liao said while licensees may find it comparatively easy to become more proactive about addressing issues in their own marketing materials, many appear to believe it is much more difficult to check that the material being created and distributed on a day-to-day basis by their advisers is compliant. “In fact, technology now makes […]
Australia’s first Future Hub to Accelerate Blockchain Development and Implementation
Australian technology innovator Lakeba Group today launched the Lakeba Future Hub, a consortium of leading technology, law, taxation and educational firms, with a focus on accelerating blockchain adoption and development by Australian businesses. Recognised for being one of the first technology companies in Australia to have live commercial blockchain pilots across multiple sectors, Lakeba will work with leading partners Microsoft, IBM, Macquarie University, cryptocurrency and blockchain legal expert Piper Alderman, and taxation expert Grant Thornton, to help businesses navigate the pathway for implementing blockchain and cryptocurrency solutions. New partners relevant to the vision of the Future Hub will continue to be added as the consortium grows in scope and footprint. […]
Accelerating the Accounts Payable process for BOC Australia
BOC Australia removing data entry for customers and accelerating their own invoice payments in partnership with Link4 Australia. Since November 2017, BOC Australia have partnered with Link4 Australia to deliver BOC’s invoices directly into their customer’s cloud accounting software. What initially started out as an eight week pilot period to improve their accounts payable process, turned into a much larger project. BOC saw enough pieces of success in this initial project, which led to them extending the trial to more users. Fast forward to today, where upon completion of this project, BOC have opened up e-Invoicing with Link4 to all of their customers on an opt-in basis. The initial project […]
Robo-investment – Retirement takes the crown
A customer insights study by automated investment service Six Park has found that more than half its clients are using the robo-investment service to grow wealth outside of super (36.5%) and for retirement savings (28.6%). These long-term goals ranked higher than the desire to save for property or saving for short-term goals such as holidays and weddings. The study results were released as Six Park celebrates its second birthday. The highest percentage of customers using their Six Park investment as a way to generate wealth outside super came from age groups under the age of 45, suggesting that long-term investing is increasingly a focus for younger generations. “It’s very encouraging […]
WealthO2 passes half a billion FUA
WealthO2, the fintech for financial advisers, has surpassed half a billion in funds under administration, an increase of more than 60% in six months.
Does your FinTech company feature on the Australian FinTech Directory?
Over the past 3 years, the team here at Australian FinTech have built up the No.1 website for FinTech companies in Australia to be showcased to the world. We do this through the Australian FinTech Directory which can be found on our site here. The Directory features over 550 FinTechs operating here in Australia. It’s a long way from the beginning when the first 60 companies were listed and we thought ‘there might be about 100 in total’…. If you’re company is not featured on the Australian FinTech Directory, please let us know. And if your logo has changed, you have a new CEO, or would like to update your […]
What Every Investor Should Know Before Buying Cryptocurrency
by Mary Ann Callahan If you are here, then you have probably grown curious enough to find out more about the next big investment opportunity everyone has been screaming about. Techies call cryptocurrency the money of the future or digital gold, and skeptics refer to it as a bubble that will burst anytime soon or the biggest digital scam ever. Needless to say, beyond the initial noise that surrounded the global rise of cryptocurrencies, there seems to be a growing interest and increasing curiosity about the potentials of these digital coins. New investors are attracted by the fact that cryptocurrency has managed to turn many who have been bold enough […]
Neo-lender Wisr announces record loan growth
Neo-lender Wisr more than doubled personal loan originations in the second-half of the financial year after a strong Q4, the company announced today. Loan origination value in H2FY18 rose by 136% on the previous six months, whilst the number of new Wisr customers climbed 118% during the same period. The result follows the company’s largest single quarter in loan growth – with a 66% increase in loan origination value and 40% in loan origination volume during Q4 compared to Q3FY18. It is the second successive quarter that Wisr has achieved record loan origination growth. According to the 2017 Asia Pacific Alternative Finance Industry Report by Cambridge University and Monash University, […]
