Global payments innovator Verrency accepted into another prestigious accelerator – Plug and Play Tech Center in Silicon Valley
Verrency, a global Australian payments platform and fintech marketplace, has been accepted into the latest fintech cohort of Silicon Valley-based technology accelerator Plug and Play Tech Center. Verrency was selected out of almost 1000 fintech start-ups to be a part of the prestigious accelerator program following a rigorous selection process, which involved voting from Plug and Play’s corporate financial services partners. Verrency is only one of three Australian firms to have ever been selected for entry into the fintech cohorts over the life of Plug and Play. During the next three months, Verrency will be introduced to Plug and Play’s corporate partners and work with the partners on potential pilots, […]
Private wealth platform appoints ASX-listed corporate adviser
A blockchain-based private wealth platform that created China’s first robo-advice solution appointed an ASX-listed corporate advisory firm for its initial coin offering (ICO). Bankorus, which now advises more than 200,000 high-net-worth investors representing an aggregate US$30 billion in assets, will partner with DigitalX (ASX:DCC) to launch its ICO. DigitalX is based in Perth and New York and provides blockchain consulting, software solutions and ICO support. Bankorus allows HNW investors with multiple ways to access cryptocurrency using traditional assets. Investors can, for example, “tokenise” illiquid assets such as real estate holdings, and borrow cryptocurrencies against the value of any existing traditional asset. DigitalX noted that the global cryptocurrency market represents about […]
Macrovue launches its 5G technology investment portfolio
Leading fintech Macrovue announces the launch of its new investment portfolio built around the next phase of the wireless revolution – 5G technology. The 5G technology portfolio – known as a Vue, presents significant investment opportunities as it represents a technological paradigm shift, akin to the move from typewriter to the computer. 5G is more complex than any connectivity technology that came before it – delivering scalability and capability to allow the efficient operation of autonomous cars, smart-cities, huge advances in healthcare, and more sophisticated industrial automation. 5G will enable the connectivity of 25 billion Internet of Thing devices and more than 300,000 level three and four autonomous vehicles which are estimated to be […]
Moneysoft makes client engagement more compelling with its new user interface
Moneysoft has re-launched its client engagement and financial wellbeing platform with a more intuitive and streamlined user interface that cuts the time it takes professionals to analyse their clients’ key financial data. The launch follows a 12-month research and design process including extensive interviews and testing with a range of financial professionals who use Moneysoft’s personal financial management tool. Founder and Managing Director, Peter Malekas, said that seeking feedback is central to Moneysoft’s ethos of ongoing product and customer service improvement. “We encourage our users to tell us the features they’d like to see next, so that we can focus on making improvements that deliver the biggest impact to their […]
Chatbots just the beginning for AI in banking
Over the two years since professional Go player Lee Sedol was defeated by AlphaGo, a computer program created by Google’s DeepMind, artificial intelligence (AI) has continued its rapid march. Technology systems using machine learning are controlling distribution centres, monitoring energy systems and diagnosing serious medical conditions. Voice-activated digital assistants being rolled out by tech giants are powered by natural language processing, an area of AI. The banking sector is also accelerating its adoption of AI. Over the past year, many experiments have moved into production. The technology is being used to deliver personalised banking experiences to customers and helping bank staff make better decisions. An initial AI deployment in banking […]
CXi Software selected as 2018 Startup Innovation Firm of the Year
CXi Software announces their selection as 2018 Startup Innovation Firm of the Year (Australasia) by the Finance Monthly FinTech Awards. “We are delighted to have been recognized by Finance Monthly as the Startup Innovation Firm of the Year (Australasia)” says Séamus Ó Concheanainn, CEO of CXi Software. “It is a testament to the hard work and commitment from our development team, and our sales and marketing. 2017 was a breakthrough year for CXi Software as we transitioned from research & development to a commercially available platform and live, happy clients.” “We are proud to be recognised by industry experts who value the blood, sweat and tears involved in designing and […]
Broker raises money through crowdfunding
Mortgage startup Hero Broker has begun a crowd-sourced funding campaign following the recent fundraising success of digital lender Xinja. It is the only mortgage company so far that has tried to raise funds through crowd-sourced funding since ASIC licensed seven companies in January to provide CSF services. Founder Clint Howen told Australian Broker that the company will use the funds to strengthen its business and accelerate growth. “We have hit a chord with particular demographic segments that are not being served by current broker groups, and we believe there’s a huge opportunity there.” The platform launched last year promising borrowers access to the complete home loan application process. Howen said […]
Micro-investing apps creating electronic piggybanks for the tap-and-go age
Small change used to go into people’s piggybanks, building cents into dollars. But in the tap-and-go age, micro-investing may be the answer. “They’ve been able to match smart technology within regulatory innovation to allow people to invest literally small change,” financial planner Catherine Robson said. With no paper bankbook and no plastic card, apps controlled entirely on smartphones like Acorns and First Step are lowering the bar for investing in the stock market. While First Step has recently launched, Acorns has $160 million under investment for 140,000 clients. With an average holding of just over $1,100, its client base is much younger than the major banks. “Millennials are definitely more […]
