CXi Announces New Staff Appointments
CXi Software (“CXi”) has announced two new management appointments to its Melbourne DevOps team. Simon Zandler has been appointed to the role of Product Manager, having joined CXi at the start of 2016 as a Senior Business Analyst, Product and Markets. “Simon has been a great contributor to the development of our unit registry solution, CXi Registry, and this promotion reflects the leadership he has shown in ensuring that our final product will excite and delight clients and their investors”, said Séamus Ó Concheanainn, Managing Director, “Simon will initially manage the delivery of our unit registry administration and investor/advisor web portals – which are scheduled to be delivered to market […]
Cuscal takes c11% stake in software development company Moroku
Cuscal and Moroku, a Sydney-based developer of mobile banking and payments software, have agreed terms which see Cuscal take a circa 11% stake in Moroku and a seat on its Board. Cuscal’s investment is part of a broader capital raising by Moroku. Moroku was founded in 2012 by Colin Weir and Dave Durbin. Its main business is creating immersive digital experiences to help banks connect better with customers, so increasing their competitiveness and ability to acquire more customers. In the financial services area Moroku has already developed two innovative products: Game System – a platform for next generation financial services applications that employs motivational theory and gamification to build financial […]
Australian FinTech Opens up Vast Opportunities for ICT Companies
Sydney, Australia, 23 May 2016 – Australia’s development as a leader in Fintech innovation will require concerted effort from government agencies and established financial institutions and will involve partnerships and research collaboration between banks and startups. It will also present many diverse and lucrative growth and development opportunities for ICT companies that will help form the necessary ecosystem for a leading Fintech market. Data and connection security will be the most significant challenge for Fintech companies in Australia; largely because mobile payments make up the majority of the revenues of all the Fintech segments. Reliable security will be a key issue and an important selling point to ensure success as […]
DigitalX announces deal with global telco Telefónica
ASX ANNOUNCEMENT: DigitalX Limited (ASX:DCC and “the Company”) is pleased to announce that Telefónica Internacional S.A.U. (“Telefónica”) is the Company’s first strategic partner in Latin America following the successful integration of the DigitalX AirPocket App into Telefónica’s network. The mobile phone giant signed a marketing, distribution and sales agreement with DigitalX, which was announced to the market via the ASX on 17 February 2016, that will give Telefónica’s Latin American customers access to DigitalX’s unique value transfer and remittance application, AirPocket. Telefónica, which has nearly 232 million telecommunication access points in Latin America, is one of the largest telcos in the region and is among the top five biggest telecommunications […]
SelfWealth launches revolutionary, Australia-first low-cost brokerage platform
For the first time, Australian investors will be able to trade at the low-cost flat-fee rates as SelfWealth today launches its new TRADING platform. SelfWealth TRADING is revolutionising stock trading in Australia, finally providing flat fee trading to a market dominated by the big banks. Its disruptive model charges a flat $9.50 fee regardless of the size of the trade rather than a scaled model that sees investors paying percentage-based fees that run into the thousands for trades over $100,000. Comparison of Online Brokerage Rates (price includes GST)* Total trade size SelfWealth** CommSec E*Trade Bell Direct CMC Markets $5,001 $9.50 $19.95 $24.95 $15 $11 $10,001 $9.50 $29.95 […]
Triple A Super partners with Ignition Wealth to provide online advice for SMSF’s
Leading SMSF administrator Triple A Super will provide SMSF administration services through automated advice provider Ignition Wealth. “The rapid adoption of technology in financial services is driving the trend towards a full service, onestop shop solution for advisers with SMSF clients.” Brian Pedretti, CEO, Triple A Super. Triple A Super’s newly launched Preset administration service, with online reporting and administration services, delivers significant business efficiencies and data accuracy. Clients include wealth advisers and accountancy practices servicing SMSFs. “Preset, Triple A’s new online administration offering has already been approved by a large number of dealer groups and IFAs. The integration with Ignition Wealth will enable advisers to receive […]
OFX celebrates a momentous $100bn transfers internationally milestone
MEDIA RELEASE: OFX, Australia’s leading international payments provider and Fintech leader, have today announced a significant milestone in their transaction history, reaching $100bn in international transfers since launching nearly 18 years ago. The announcement follows CEO Richard Kimber’s first financial year results, revealing the company exceeded $100m in profit for FY16. In the process of notching up their billion-dollar century, OFX have helped customers with more than 5 million bank-to-bank transfers. An estimated 31,000 properties have been bought or funded, over 10 thousand students supported and countless other weird and wonderful things financed. Whether it’s blocks of Italian marble for a sculptor’s next masterpiece, containers of pig’s ears […]
VentureCrowd gives Aussie investors access to blue chip corporate bonds
MEDIA RELEASE — VentureCrowd, Australia’s original and most successful equity-based crowdfunding platform, has launched a new investment opportunity for its registered wholesale investors, giving them unique access to the Artesian Australian Corporate Bond Fund ARSN 604 744 783 on the same terms as institutional investors. Eligible VentureCrowd investors can register interest in the fund online. The Artesian Australian Corporate Bond Fund offers investors an investment opportunity in a diversified fund holding Australian dollar corporate bonds, professionally managed by Artesian. With Australian interest rates at all-time lows, floating rate note securities offer fixed income investors opportunities to take advantage of rising rates when interest rates bottom out and begin to rise. Although the […]
