Third Party Trade and OFX announce partnership
The OFX partnership enables an integrated international funds transfer solution within TPT’s brokerage and wealth management API developer platform. Leading global Fintech and international money transfer business OFX Group Limited (ASX: OFX, formerly known as OzForex) today announced an integration partnership with Third Party Trade Group Inc., together with its broker-dealer subsidiary Third Party Trade LLC (collectively TPT). With the integration of OFX funds transfer capability to the TPT platform, developer partners are now able to obtain foreign exchange (FX) quotes, book in a deal and transfer funds from Australian to US dollars, all within the familiar TPT development environment. TPT is the latest developer to partner […]
Budding QLD entrepreneurs get the opportunity to fast-track their FinTech ideas at BOQ Hackathon
The next generation of tech entrepreneurs are being called on to come up with ideas that will disrupt the banking and finance industry and solve real business problems at the BOQ Hackathon, running from 3 – 5 March 2017. Hosted by BOQ and technology start-up hub River City Labs, budding innovators and tech-heads will pitch their business idea and solution to a panel of high-profile tech judges. Over a 52-hour window, attendees will have the opportunity to bounce ideas and solutions around with some of Queensland’s top talent before turning their concepts into prototypes. Donna-Maree Vinci, Group Executive and Chief Operations, Digital and Information Officer (CxO) at […]
zipMoney to partner with a Big 4 Australian Bank in a $200m financing arrangement
zipMoney Limited is pleased to announce that it has agreed key terms with a ‘Big 4’ Australian bank for the provision of a $200 million asset-backed securitisation warehouse program for its consumer receivables. CEO and Managing Director Larry Diamond said: “This is a transformative step forward for the Company. As well as creating capacity to fund the growing demand for our services, it will approximately halve the weighted average cost of capital of our loan book, which directly contributes to our bottom line. We are very pleased to be partnering with this ‘Big 4’ Australian bank and look forward to releasing further details in due course.” COO and Executive Director […]
Monash teams with Cambridge and Tsinghua universities to study Asia’s alternative finance sector
Monash University is collaborating with Cambridge University and China’s Tsinghua University to track the extraordinary growth of the Asia-Pacific’s booming alternative finance sector, valued at more than US$100 billion. The collaboration will see Monash Business School’s Australian Centre for Financial Studies partner with the Cambridge Centre for Alternative Finance at University of Cambridge Judge Business School, and Tsinghua University Graduate School at Shenzhen to undertake an international benchmarking survey with the support of more than 20 major industry organisations across the region. This is the largest regional study to date focused on crowdfunding, peer-to-peer lending and other forms of alternative finance. The benchmarking survey aims to capture the key trends, […]
Moneysoft grows team to strengthen capabilities
Australian financial technology company, Moneysoft, has boosted its capabilities as a leading provider of Personal Financial Management solutions with four key appointments. Miles Casbier and Indra Bhosale join Moneysoft’s sales team with a wealth of experience in financial services and client relationship management. Craig Fletcher joins the team to head up process and delivery management and Ann Cook joins Moneysoft’s marketing team to help drive growth and continue building the company’s strong presence in the financial planning market. Moneysoft MD and Founder, Peter Malekas said: “At a time when our business is experiencing significant growth, these key appointments allow us to bolster our overall service proposition for existing and new […]
Empowering advisers to embrace social media
A recent Midwinter and Jenesis industry survey revealed just under half of the respondents had chosen not to engage in social media because of the associated risk to their business reputation. Kaplan Professional and Red Marker have been developing the Artemis solution to help financial advisers create and share compliant digital content. Artemis detects ‘risky’ content as it is being created, helping advisers and licensees to identify and remediate compliance risks associated with the promotion of financial products or services. The innovative solution is able to identify risk across a range of media types including web pages, Word documents, PDF’s, and client communications. Artemis is also able […]
Prospa secures $25M in funding led by AirTree Ventures; Passes $250 Million in Loans to Small Business
Prospa, Australia’s leading online lender to small business, has secured $25M in growth funding led by AirTree Ventures – Australia’s most successful tech-focused venture capital firm. The deal is the largest fintech venture capital investment in an Australian business. Prospa also announced it had passed $250 Million in total loans to small businesses in Australia. The investment comes after a period of significant growth for Prospa who is now the clear market leader for online lending to small businesses in Australia. Prospa will use the funds to accelerate its market leadership: boosting technology, product expansion and distribution, ramping up talent acquisition and building a world-class brand. Greg Moshal, Founder and […]
IRESS’ technology investment increases to meet demand
Listed Australian fintech IRESS predicts a continued increase in its product and technology investment as it meets growing client demand in Australia and internationally. IRESS is one of Australia’s largest financial technology businesses with offices in Australia, the United Kingdom, South Africa, Canada, Singapore and New Zealand. It employs more than 1,750 people. IRESS today announced revenue for 2016 of $389.7 million, up 8% on 2015. Reported net profit after tax was up 7%. For the 2016 year, IRESS invested $96 million in product development and technology for financial services including banks and financial advisors. IRESS’ Chief Technology Officer, Andrew Todd, said strong demand from clients […]
