LoyaltyX launch world-first Blockchain loyalty project at UNSW
LoyaltyX and University of NSW (UNSW) have partnered to launch a world-first blockchain loyalty research project, giving students an opportunity to earn Ether cryptocurrency at the checkout of participating merchants simply by scanning a barcode in their digital wallet. UNSW students and staff can earn $5 of Ether for every ten transactions they make across eleven campus retailers, including Boost Juice and IGA, as part of the Unify Rewards program that goes live on trial today. Ether is a cryptocurrency supported by the Ethereum network. The revolutionary program will give members access to the dynamic frontier of cryptocurrency with no risk or investment required. LoyaltyX Chief Design […]
Australian FinTech and Avila Financial Solutions partnership, a step forward for Fintech and Start-ups
Last week Avila Financial Solutions joined Australian FinTech’s lending partners portfolio. This partnership shows the relentless determination of both companies in the support of the SME, Fintech and Start-Up industries of Australia. Avila Financial Solutions is an alternative finance company that has been leveraging their knowledge and solutions to add value to Small and Medium sized businesses since 2015. They focus on providing tailored cashflow solutions such as Invoice Financing, Supplier Financing, R&D financing and Factoring. With over 80% of their portfolio being SMEs, they have developed a very good understanding of small business needs and have built a solid experience tailoring these solutions to specific challenges impacting the SME […]
Moneysoft launches Round-ups, allowing people to invest spare change into their super and investment funds
Superannuation and investment funds have a new way to boost the engagement of their members and clients with the launch of Moneysoft’s latest digital solution, Round-ups. Round-ups lets people make small, regular contributions to their investment or superannuation account by automatically investing the spare change from their everyday transactions. Whether offered as a stand-alone application or integrated with existing digital platforms, Round-ups is highly customisable for each institution’s individual needs and brand. It’s a turn-key solution that uses enterprise-grade technology and is designed for an optimal mobile experience on smartphones and tablets. “Round-ups is available to superannuation funds, and investment platforms, to help them grow customer engagement and encourage wealth […]
SocietyOne sets new record with triple milestones in 2017
SocietyOne, Australia’s pioneering and leading consumer marketplace lender, has set new records for lending with growth in 2017 already surpassing the level of volumes for the whole of 2016. Total lending since the company started operating five years ago has now topped $350 million as the current loan book also reached $200 million for the first time in SocietyOne’s history. These were new records for a consumer finance marketplace lender in Australia with SocietyOne having originated more than twice the loans than that of the company’s nearest competitor. SocietyOne has now enjoyed seven successive quarters of strong growth as it scales up. New lending to borrowers in […]
How consumers can help clean up the alternative lending market
An influx of alternative lenders and a seemingly unbreakable cycle of bad debt for borrowers have given the short-term loan sector a bad reputation. However, consumers have a role to play in helping clean up the industry. The first step – understanding how lenders should be acting. ASIC requires lenders to conduct ‘reasonable inquiries about a consumer’s financial situation.’ This means inquiries must be made about the consumer’s actual situation and, while alternative lenders are known to be more lenient when it comes to bad credit scores and being on Centrelink, they must still gather enough information about circumstances likely to affect a consumer’s ability to repay their loan. Daniel […]
DigitalX advises Power Ledger on Australia’s first Initial Coin Offering (ICO)
DigitalX Ltd advises that it has been engaged as an advisor to Blockchain energy trading company Power Ledger for its Initial Coin Offering (ICO). Following a pre-ICO or “Token Generation Event”, in which Power Ledger raised the equivalent of AUD$17 million of digital currency, Power Ledger is offering 140 million POWR tokens as part of the main sale. POWR tokens will effectively be auctioned to the public, generating interest from solar developers, renewable energy projects, retail investors and speculators. “DigitalX is quickly becoming a market leader for ICO advisory services and we are pleased to be able to work in a strategic role to the Power Ledger project. “Power Ledger […]
finder Awards 2017: Innovation finalists announced
Entrepreneurs, start-ups and leading businesses are among this year’s finder Awards finalists. Finalists have been named across seven innovation categories following an extensive judging process in a range of industries from finance to technology, retail and travel. Fred Schebesta, co-founder and director of finder.com.au, says the annual awards have uncovered a diverse range products and brands which challenge the status quo – all with innovation at their heart. “From new smartphone apps to bite-sized property investing, these outside of the box ideas have the potential to change lives,” he says. “We were blown away by the calibre and number of entries this year; all of the finalists are finding solutions […]
Square expands its Australian offering with iconic Square Stand
After 18 months of strong local growth, Square continues to expand its presence in the local market, introducing more products and services to help a wider range of Australian businesses. From today, the iconic Square Stand for contactless and chip is available across the country. Gone are the days of large point-of-sale systems, clunky cash drawers, piles of paper receipts, and cluttered countertops. Square Stand for contactless and chip is the first out-of-the-box solution to turn an iPad into a fully integrated point-of-sale system, allowing businesses to take payments and run their entire operation from their countertop device. With tens of thousands of businesses now using Square across the […]
