Major software provider and new fintech retirement planner form partnership
Retirement financial planning solutions provider Mafematica is partnering with Australia’s leading SMSF software company BGL Corporate Solutions, to introduce the ground-breaking Mafematica retirement solution to BGL clients. When launched in coming months, the cloud-based Mafematica product will offer SMSF trustees and intermediaries a vastly superior and lower cost solution to retirement planning than is currently available. Mafematica will help SMSF trustees and advisors to create the best possible retirement outcome, by offering a range of investment portfolios including direct shares and also assessing the existing securities held in SMSFs. Based at fintech hub Stone & Chalk in Sydney, Mafematica has been founded by career investment banker Derek Condell. Mr. Condell […]
Millennials pouring their money into new low-fee investment products
More than 1,400 Australian millennials have, in the last month, put money into Spaceship’s new investment products, which are ‘fee-free’ for low balances of $5,000 or less, the nation’s specialist investment manager for younger people announced today. The result underscores the enormous untapped demand younger Australians have for simple, and engaging, investment products that are different to those designed for their parents and grandparents. Spaceship founder & CEO, Paul Bennetts, said today the company had developed two ultra-low fee products for the ‘online’ generation aged 18-44 years old, and they were discreetly made available to the market in late April. In the first four weeks, 1,412 customers signed up and […]
Square boosts Australian business with new HQ and engineering hub
Square today announced it is expanding operations in Australia, opening a new, larger headquarters to support the growing team in Melbourne, which will include the company’s first engineering hub outside of North America. Square co-founder and CEO, Jack Dorsey, was in the new Melbourne CBD location today to make the announcement and celebrate the company’s two-year milestone of providing payments to Australian businesses. “We have been humbled by the support Square has received from Australia’s business community over the past two years,” said Jack. “Australia is an important market for Square, with more and more businesses joining our platform every day.” In addition to increasing engineering capabilities, Square has received […]
Wisr appoints Chief Operating Officer
Australian neo-lender Wisr Limited (ASX: WZR) today announced the appointment of Mathew Lu as Chief Operating Officer. Mr Lu has deep experience in the Australian unsecured consumer finance industry with 18 years experience in senior financial services and payment technology roles, including most recently with the Commonwealth Bank where he was Executive Manager for Retail and Commercial Credit Cards. In his new role at Wisr, Mathew will be responsible for operations across the business with a particular focus on the execution of innovation through technology, managing the end-to-end customer journey, and delivering on the company vision of bringing financial wellness to everyday Australians. Anthony Nantes, Chief Executive Officer Wisr said […]
The future of money relies on digital
by Carlo Lacota, Head of Banking and Financial Services, ANZ at Cognizant The era of digital disruption has brought new challenges involving security, privacy, and technology access. It is therefore imperative for financial services providers to take stock and consider how to deepen their customer relationships. The inability to capitalise on the opportunity that digital brings to attract and retain customers will increase churn velocity and further increase cost as customer retention costs far less than acquisition. Our relationship with money is broken A recent global study by Cognizant revealed that people’s relationship with money is broken, with over half of the study respondents saying money and […]
Stone & Chalk founded startup SkyBuys to launch duty free project with Heinemann Australia
SkyBuys is pleased to announce Heinemann Australia (HEINEMANN Tax & Duty Free) has signed an agreement to trial the SkyBuys App and technology platform for duty free shopping. Announced today at the Airbus BizLab DemoDay in Hamburg, the SkyBuys-Heinemann Australia project is scheduled to commence in early Q3 2018 at Sydney Airport, Australia’s major international airport. Founded at the Stone & Chalk fintech hub in Sydney, mobile commerce startup SkyBuys developed the SkyBuys App for international passengers to shop for duty free at any stage of their journey, including in-flight. The App allows passengers to search and purchase duty free inventory in-app from the time they receive their ticket through […]
BDO implements Expensify internally to improve its receipt and expense management Process
After implementing Expensify for BDO clients as an ExpensifyApproved! Partner, the top 10 Australian accounting firm now adopts Expensify for its employees. Expensify, the most widely used expense software in the world, has been selected by BDO Australia to streamline its internal receipt tracking and expense management workflow. BDO moved away from two separate receipt tracking and expense approval systems, Receipt Bank and ApprovalMax, to centralise their entire process with Expensify. Company-wide rollout began earlier this month in BDO’s Adelaide office with 110 employees, and plans are under way to expand to BDO offices throughout the country. “As a partner in the ExpensifyApproved! Program, we’ve set up enough clients on […]
Australia’s fintech festival to have world-first gender equality commitment
Australia’s inaugural fintech festival will have what is believed to be a world-first gender equality target, as part of an ongoing campaign to drive increased levels of female participation in Australia’s most important startup sector. FinTech Australia today announced that the Intersekt fintech festival would be seeking to have an equal number of female and male speakers. Intersekt is being held in Melbourne, Australia from 27 October to 3 November. It is set to be the most influential and exciting event of its type in Asia. It includes a two-day Collab/Collide Summit, a three-day hackathon, two community days and a one-day blockchain event. The State Government of Victoria is Intersekt’s […]
