Author: Australian FinTech

Aug
16

SelfWealth, winners of Software Innovation at the Australian Business Awards second year running

SelfWealth Ltd has been recognised as an ABA100 Winner in The Australian Business Awards 2017 for Software Innovation.  The Awards, now in their twelfth year, are an annual all-encompassing awards program which recognises organisations that demonstrate the core values of business innovation, product innovation, technological achievement and employee engagement via a set of comprehensive award categories. The award recognises SelfWealth’s achievements in the research and development of SelfWealth Premium and SelfWealth TRADING. SelfWealth is a community of investors partnering to achieve one common goal – greater returns. We allow members to crowd source investment information; by tracking the moves of top investors our members can make more informed investment decisions […]

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Aug
15

TruePillars secures $5m in Series A capital raise

TruePillars, the online marketplace lender allowing everyday Australians to fund loans to small businesses, today announced it has raised a total of $5 million in a Series A funding round. The funding round was led by a long-term Melbourne-based private investor, and includes both equity and commitments by shareholders to fund loans to Australian businesses on the TruePillars platform. Further commitments from additional investors are expected to be finalised by 30 September. The business will now commence a recruitment drive to more than double its number of employees over the next 12 months. “This investment will give us the means to further innovate and build on our service, including our […]

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ClearView selects Prime for scaled advice

IRESS today announced that ASX-listed wealth management, financial advice and insurance group, ClearView, has selected XPLAN Prime as its objectives-based, scaled-advice solution.   XPLAN Prime allows financial advisers to deliver objectives-based scalable advice to meet a range of client needs and save significant time, by leveraging the advice capabilities of the XPLAN platform.   IRESS Managing Director for Wealth Management, Tizzy Vigilante, said: “We are delighted to be delivering Prime for ClearView. XPLAN Prime is available and suitable for all businesses providing financial advice.   “We know consumers everywhere are increasingly seeking more options in what financial advice they receive and how advice is accessed for specific or comprehensive needs. […]

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Aug
10

A Bitcoin for your thoughts?

By Naomi Christopher, Midwinter Financial Services, Senior Manager – Brand Those of us in the tech world can all agree that Bitcoin is genuinely starting to take off or at least cause a stir…. If by take-off you mean clamber $672 bucks one day and slide down $384 the next. But while some of us look on with wide eyed enthusiasm as the price of it continues to climb and fall and then climb and fall (but mostly climb at the moment!), much of the rest of the world continues to scratch their heads as they grapple to understand “what’s it all about?” And of course, whether it is in […]

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Aug
08

Fear and loathing from Silicon Valley

By Jacqui Henderson, Founder & CEO – Advice Intelligence An all-pervasive feature of modern life is the speed of technological change, and of our collective capacity to adapt to the multiple impacts of change. It is natural to question the benefits: does the constant challenge to keep up and adapt simplify my life or make it ever more complex? Would a fully-automated advice capability drive better service standards and outcomes for my advice business and my clients, or does it simply make my job redundant? Is all the talk of technological revolution that ricochets around the world out of Silicon Valley, the advent of artificial intelligence and robotics, and the […]

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Xero signs on 100 Australian financial institutions and bolsters team

Xero, the global leader in cloud accounting software, today announced it has recently signed agreements with 100 Australian financial institutions for direct bank relationships, a major milestone in opening up banking, lending, and growth opportunities to Australian small businesses. Xero’s growing Financial Web now includes the ability to connect to 95 per cent of all transaction accounts that our small business customers access every day, making it easier than ever for Australian small businesses and their advisors to connect their accounting dashboard directly to almost any bank or financial services provider in the country. That includes everything from a Big 4 Bank to a regional credit union, helping small businesses […]

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Aug
07

zipMoney secures $40M strategic investment and relationship with Westpac

zipMoney Limited (ASX: ZML) is pleased to announce that it has secured a $40 million strategic investment in the Company from Westpac Banking Corporation (ASX: WBC) by way of a private share placement. Westpac and Zip have also entered a strategic relationship which allows the parties to explore the integration of Zip’s products and services across Westpac’s network throughout Australia. As part of the strategic relationship, the parties will explore other initiatives including the provision of currently in-development business-to-business products and services to Westpac. The WBC strategic investment will be by way of a $40 million ordinary equity investment comprising the subscription of 49,382,716 fully paid ordinary zipMoney shares at […]

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Aug
03

Asia’s leading Fintech Accelerator in Australia

Supercharger is Asia’s leading no equity Fintech Accelerator with programs in HK & Malaysia. They are currently looking for the best FinTech companies that are interested in expanding or scaling in the Asian market. To give you a sense, companies of a previous cohort have closed 12 contracts, raised USD700,000, and generated another 28 business leads within 12 weeks.   Please feel free to explore the program on Supercharger website. They’re looking forward to your application which can be lodged here by 18th August 2017 and as for their track record, you can check it out here.   The Fintech Accelerator have prepared some key answers that may help your team to review your scale of success in […]

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