Australian RegTech partnerships crucial for banks moving forward, in light of the Banking Royal Commission
With the announcement of the Banking Royal Commission, Australia’s regulatory technology (RegTech) providers point to a lack of compliance and regulation among Australia’s Big 4 Banks. There continues to be a call for a parliamentary commission into unethical or unlawful conduct by the financial services industry in Australia. However, there is a growing and proactive movement for develop regulatory technology across the world, which will assist in detecting and preventing these issues, with Australia leading the way in this area. The Australian regulatory system is held in very high regard globally and much work is being done by both the Australian regulators and financial institutions to improve innovation and collaboration, […]
TruePillars launches innovative automatic investment capability
TruePillars, the online marketplace lender allowing everyday Australians to part fund loans to small businesses, today announced the launch of their automated investment capability, AutoInvest. AutoInvest is their new automated investment tool and the next chapter in a long line of innovations added to their 100% owned technology platform. The tool, which they believe is a unique innovation in Australian marketplace lending, offers investors the opportunity to establish standing investment instructions in accordance with their specific individual requirements. These instructions will then be automatically executed by the TruePillars platform without the investor having to log into the system, subject to the investor having sufficient funds available. “This innovation was driven […]
Funding.com.au launches mortgage-backed peer-to-peer investor platform
Mortgage lender funding.com.au has just announced the release of its highly anticipated peer-to-peer investor platform – with an impressive advantage over its competitors. Unlike other prominent peer-to-peer lenders including SocietyOne and RateSetter, loans issued by funding.com.au are backed by mortgages over Australian real estate. It is the first startup of its kind in Australia to gain regulatory authorisation to allow both wholesale and retail investors access to residential and commercial mortgages. The platform gives investors direct access to the short to medium term mortgage market – a lucrative asset class that has traditionally been guarded by the banks and sophisticated investors. Individuals, private entities and self managed super funds (SMSF) […]
Peppermint entering lucrative international remittance market
Peppermint has created a wholly owned subsidiary, Peppermint Payments Pty Ltd (PPPL) to provide international remittances in the Australian market. Reflecting Australia’s history as a “land of immigrants”, this market is already large and growing faster than GDP, but supply has been shrinking due largely to increased compliance requirements. PPPL is registered with Austrac as both a remitter and a remittance network provider, and our AML/CTF program has been approved by our Australian bank. PPPL will use the brand “BIZMOTO” which is being trade-marked in both Australia and the Philippines. Agreements have been signed with multiple providers reflecting a carefully planned “best of breed” approach and architecture. Emphasis on proven […]
Numerous Australian Fintechs on the Deloitte Technology Fast 50 2017
The Deloitte Technology Fast 50 2017 Australia recognises and profiles fast growing technology companies. Now in its seventeenth year in Australia, the program ranks the 50 fastest growing public or private technology companies, based on percentage revenue growth over three years (2015 to 2017). Congratulations to all the Australian Fintech companies on the winners list: 2017 Deloitte Technology Fast 50 Winners: No.2 – zipMoney No.10 – Metamako No.12 – GetCapital No.15 – Prospa No.21 – EML Payments No.24 – MoneyMe No.31 – Zetaris No.36 – Avoka No.47 – HUB24 2017 Leadership Award Winners No.2 – Prospa No.3 – EML Payments No.7 – HUB24 Go here to read more […]
DigitalX named advisor on high profile ICOs raising US$61m
DigitalX Ltd (ASX:DCC) is strengthening its credentials as one of the world’s leading corporate advisors for Initial Coin Offerings (ICOs), accepting the engagement as corporate advisor to SingularityNET and BitCar for their respective upcoming ICOs for token sales raising a combined US$61 million. The SingularityNET public ICO will look to raise up to US$36 million from the sale of 500 million tokens, while the BitCar ICO will raise up to US$25 million from 250 million tokens. DigitalX offers a unique combination of Blockchain technical expertise as well as marketing and promotional services. We also have an extensive cryptocurrency network and can connect companies with investors with significant digital currency holdings. […]
InstaReM continues APAC expansion
InstaReM, a leading digital cross-border payments company, has announced its expansion into Malaysia at its launch press conference, further solidifying its presence in Asia Pacific (APAC). Headquartered in Singapore after an early start in Australia, InstaReM is one of the largest cross-border payments providers globally, with licenses in eight markets and covering 40 countries, reaching 3.2 billion people in developed and developing countries. It is consistently ranked by the World Bank as the lowest cost operator in a number of corridors in Asia. Individual and corporate customers in Malaysia will now be able to enjoy cost-effective and efficient cross-border money transfers to over 60 countries across the globe. […]
TrueProfile breakthrough in behavioural economics and profiling launches in Australia
Capital Preferences, a leading behavioural economics, decision science and financial technology business founded in the United States, announces the launch of TrueProfile.com.au – a SaaS behavioural profiling and portfolio assessment platform for Australian advisers. The award winning platform uses game theory and advanced economics to replace unscientific client risk questionnaires and data collection methods. TrueProfile is built on the reality that clients cannot accurately state their preferences for risk, they can only truly show you the risks they would be willing to take by making decisions. The client experience is gamified and reveals, in minutes, how customers behave when facing risk, spending choices and their goal priorities. Streamlining the acquisition […]
