Australian FinTech partners with Spotcap Australia
Australian FinTech is delighted to announce our official partnership with Spotcap Australia, in a movement to continue fostering a thriving environment for fintech. This new partnership is a step towards growing the support network and shared knowledge between Australian fintech businesses. Spotcap provides Australian SMEs with unsecured business loans from $10k to $400k for up to 24 months, with flexible repayment schedules. As an innovative online lender, Spotcap has developed a proprietary credit algorithm that leverages real-time business data, allowing them to provide funds quickly and with convenience. Spotcap’s fast and seamless online application process reflects their purpose of making finance effortless, taking less than five minutes to […]
Link4 Australia gears up for international expansion
Adelaide FinTech company Link4 recently launched their new office space on Waymouth Street to give the company more space to grow as they expand internationally this year. Renew Adelaide and the Adelaide City Council hosted a launched in the new space to celebrate Link4’s achievements so far and to support the company for their exciting year ahead. In this new space, the Link4 team has already grown to strengthen their support and management teams, offering a well-rounded experience for their clients. “Our team is set to double in four months when we expand our product to the United Kingdom and New Zealand,” said Robin Sands, CEO and Co-Founder of Link4 […]
Local digital currency exchange Independent Reserve adds two new execs, turns to institutions
Independent Reserve, the Australian Digital Currency exchange, has added two executives to its senior management team as the company turns its attention to its growing stable of institutional and SMSF clients. Roman Stefanidi joined Independent Reserve as Chief Technology Officer in August, and Lasanka Perera as Head of Strategy in October. CEO Adrian Przelozny said the firm was now well positioned to grow as it focuses on institutional clientele. “Digital Currency has reached a level of awareness now where we’re seeing investors who have been waiting on the sidelines starting to enter the market,” he said. “Factors like the the new regulation by AUSTRAC, emerging ETFs and crypto […]
Banks shift priorities toward digitalisation and innovation for future growth
Eighty percent of Australian banks and 85% globally cite implementation of a digital transformation program as a business priority for 2018, with investment in technology to drive efficiency, growth and manage evolving risks increasingly seen as critical for sustainable success, according to the EY Global Banking Outlook 2018. The survey of senior executives at 221 banking institutions across Asia-Pacific, Europe, North America and emerging markets, found that globally just 19% of banks surveyed currently view themselves as being either digitally mature or a digital leader, while in Australian none of those surveyed did. However, it also showed there is an obvious recognition among banks of the urgency of continuing […]
InfiniGold digital gold launches with The Perth Mint
In collaboration with The Perth Mint, InfiniGold has released the latest innovation in gold investment – a flexible digital gold product compatible with a wide range of technology platforms including blockchain. InfiniGold digital gold certificates offer institutions the opportunity to present investors with a new, secure and easy way to trade, hold and transfer physical gold. These digital certificates represent direct ownership of physical gold that is securely stored in The Perth Mint’s network of central bank grade vaults, which are located in the safe geopolitical environment of Western Australia. InfiniGold spokesman Sean McCawley said that InfiniGold certificates are the closest a customer can get to buying physical gold, in […]
Stuart Stoyan is FinTech Australia’s new chair
Stuart Stoyan is appointed FinTech Australia’s new chair as Simon Cant steps down Stuart Stoyan, who is the founder and CEO of Melbourne-based fintech company MoneyPlace, has become FinTech Australia’s new chair after the association’s founding chair Simon Cant decided to step down. Mr Cant led the founding of FinTech Australia in November 2015. He authored the initial fintech call to action which made the case to government for fintech to become a national innovation priority in the face of global financial services disruption. At the Treasurer’s invitation, Mr Cant also led the development of FinTech Australia’s initial reform priorities agenda in January 2016 which informed the Australian Government’s Backing Australian […]
Aussie parents worried about kids in cashless economy
As Australian families prepare for the holidays to come to an end, new research* into attitudes towards money and financial education, reveals that 43 per cent of parents believe their children don’t learn enough about money at school. Spriggy, a financial education app, commissioned the national survey of parents with kids between the ages of 8-17 years, and found that more than a third (39 per cent) of those surveyed are ‘worried’ about their children’s understanding of digital money, with Queenslanders the most concerned. Despite this, three quarters (78 per cent) of Aussie mums and dads continue to provide pocket money using physical cash. Aussie parents are big believers in pocket […]
Paying bills just got easier with Easy Bill Pay
Financial services company, FSA Group LTD launches Easy Bill Pay, a bill payment service which allows users to pay and store bills and organise their finances quickly, easily and conveniently. As many as a third of Australians pay their bills late and this can cost them money and affect their credit report. On average a late fee of $24 is charged and that adds up. A survey conducted by a major bank in 2016 concluded that Australians were charged $286 million dollar in late fees in 2016. There are many reasons people pay their bills late and it can be as simple as forgetfulness, disorganisation, time poor or lack of […]
