SocietyOne takes leadership role on comprehensive credit reporting
SocietyOne, Australia’s pioneering and leading consumer finance marketplace lender, announced that it will provide positive consumer credit information to credit bureaus as part of the move to establish a fully-fledged comprehensive credit reporting (CCR) regime in Australia. SocietyOne will start sending secure data on its customers’ positive credit history in “public” mode from November 2017. With the Federal Government planning to toughen up the country’s existing CCR legislation in 2018, SocietyOne has thrown down the challenge to the major banks to quickly get on board with CCR and help all Australians get a better deal from their credit providers. Among the big four banks, National Australia Bank recently announced that […]
Iliad Solutions & Verrency sign long-term agreement
British-based Iliad Solutions has signed a long-term agreement with global payments innovation provider Verrency for implementation of its highly innovative continuous testing software testing across all aspects of the Verrency service. After a global search earlier this year, Verrency chose Iliad’s t3:Switch solution to support its payments innovation service. Verrency is a new provider on the global scene enabling card issuers and their processors to deliver the latest innovative payment capabilities quickly and cost effectively through their existing payments infrastructure. Verrency Group Chairman and CEO David Link said the choice of Iliad was an easy one, as Verrency had designed all aspects of its business around innovation, […]
Xinja launches equity crowdfunding with partner Equitise
Crowdfunding is about to become reality with Xinja today unveiling plans that allow everyday Australians to directly join the digital banking revolution through the Equitise crowdfunding platform. Xinja’s full retail crowdfunding round follows the passage of national legislation last month that gave the green light to this form of capital raising. Investors will be able to invest as little as $1,000 in Xinja, with at least $500,000 likely to be injected via crowdfunding into the neobank’s current $10 million-$15 million round. Eric Wilson, the Chief Executive of Xinja, said he is very excited that Australian consumers now have the chance to be ground-floor investors in the digital […]
Verrency announces Series A funding round and global expansion Innovative fintech to launch operations in US and Asia
Payments platform Verrency has announced a $US 15 million Series A funding round as it continues to expand internationally. The growth-stage fintech provides payments innovation-as-a-service that enables issuers to deliver the latest payment capabilities, fast and cost effectively, through their existing payments infrastructure. By giving consumers unprecedented flexibility and control over how they pay, Verrency’s cutting edge features ensure that their issuer’s brands are top of wallet and top of mind, driving revenue. The Australian-based startup has recently completed an oversubscribed pre-commercialisation funding round raising $US 4 million and is looking to raise a further $US 15 million to expand into key international markets. Verrency aims to close the […]
Link4 unveils new PDF invoice feature
Link4 have released a new feature that allows business owners to process PDF invoices into their cloud accounting system. Link4 was created to deliver an invoice from a supplier to a buyer, instantly. The amount of businesses using cloud accounting solutions continue to grow, but some invoices are still being sent via mail and email. Link4 have seen this gap and are now pleased to announce a new PDF feature as a part of their eInvoicing solution for businesses. This new feature is a collaboration between Link4 and Squirrel Street. “Both teams have been working together in order to offer the users a smooth experience and increase […]
Fintech startup, Trade Ledger, launches world-first tech to help banks fight off global tech giants
Career technologists, Martin McCann and Dr. Matthias Born, are launching a world-first lending tech for banks and traditional lenders that will help to equip them against competition from tech giants such as Facebook, Tencent, and eBay wanting to enter financial services. Trade Ledger is the world’s first business lending platform that transforms digital data from business supply chains in real time, allowing banks to assess and regularly update credit and default risk of businesses they lend to. Currently this is only done on a one-off or infrequent basis on a very small sample of invoices, and not on any other trade documents. The platform will finally give banks more advanced network and data […]
Midwinter & PractiFI integrate to provide advisers with world class business management system
PractiFI and Midwinter Financial Services have today announced a software partnership which is set to streamline the financial planning advice process. Through both systems’ open API, PractiFI, the business management platform for financial services, will seamlessly integrate with AdviceOS, Midwinter’s flagship financial planning software. The integration provides users with connected access to both systems, allowing data to flow freely each way. It comes as demand is increasing for an industry specific CRM, which PractiFI offers with its Salesforce-based platform. The integration synchronises rich client details between PractiFI and AdviceOS, removing the effort involved in duplicate data entry and the risk of error. It also allows advisers and […]
Link4 partners with Squirrel Street for faster invoice processing
Turning the information in an invoice into an entry in a cloud accounting system is a pain point for businesses. Now Squirrel Street’s industry leading AI data extraction and human verification process has been incorporated into Link4 so users can import legacy PDF invoices along with instant, truly digital, eInvoices into any of the six main cloud accounting solutions used throughout Australia. This partnership announcement is a win for all business owners from micro to medium enterprises, as it provides them with functionality often reserved for large enterprises. “Both teams have been working together in order to offer a smooth user experience and increase their productivity,” said […]
