Can home loans be approved in 22 minutes?
South Australia-based fintech firm Tic:Toc recently launched the world’s first complete online home loans platform. It will be the first online home loan platform to offer customers home loan approval in 22 minutes, as opposed to the customary 22 days. Aside from expediting the loan approval process, Tic:Toc will also pass on the cost savings of digitisation to their customers via competitive interest rates, as well as no application, settlement, or valuation fees. Backed by Bendigo and Adelaide Bank, this new fintech venture promises to bring new jobs and investment to South Australia. Moreover, the Weatherill government has approved a $900,000 grant to Tic:Toc via Investment Attraction South Australia’s (IASA) […]
DigitalX diversifies offering, to provide Blockchain consulting services to Bankera
DigitalX will provide traditional corporate advisory services, as well as industry specific advisory services to Bankera. Blockchain solutions provider DigitalX Ltd (ASX:DCC) has just made a move towards further diversification of its offering. In an announcement filed with ASX earlier today, DigitalX said it had entered into an agreement with Bankera to provide it with consultancy services. DigitalX will act as an advisor to Bankera’s initial coin offering (ICO), which is a part of the implementation of Bankera’s plan to build a digital bank for the Blockchain era. DigitalX will be providing a range of industry specific and traditional corporate advisory services plus additional marketing services to Bankera in exchange […]
Mastercard partners with Fitbit for contactless wearable payments
Fitbit and Mastercard have partnered to give fitness enthusiasts the ability to make contactless payments with their wearable. Owners of Fitbit’s new smartwatch model Ionic, will be able to add eligible cards and make payments in Australia later this year. “Consumers today are expecting technology to help them accomplish life’s daily tasks with as few steps or clicks as possible,” said Kiki Del Valle, senior vice president, commerce for every device, Mastercard. “By adding payment capabilities to a Fitbit device, Mastercard cardholders who are already on-the-go can easily buy what they need without having to bring their wallet with them.” According to a PwC report last year, more than half […]
APP Securities and Ignition Wealth announce partnership to provide digital advice
APP Securities and fintech Ignition Wealth have today announced a new partnership to provide digital financial advice to APP Securities’ clients. APP Securities is an Australian stockbroking and investment banking firm, which offers a wide range of investment products, as well as a comprehensive suite of financial services spanning Corporate Finance and Advisory, Institutional Sales and Trading, Private Client Advisory and Research. “Embracing digital financial advice will allow us to provide our clients with the latest in financial technology and complements our existing broking business. We are delighted to provide a solution that can be tailored to each of our client’s needs, enabling our brokers to maintain and grow the […]
Leading startup investment insiders told us what they’re looking for in the perfect fintech
Rajeev Gupta knows about startups and what’s needed to attract funding for them. The former investment banker and technology investor has had his own startup, Geckolife, and has also worked at Goldman Sachs and Tribeca. Now he’s a partner at Alium Capital, a technology-focused crossover investment fund looking after sophisticated investors wanting to get in on smaller, high potential projects overlooked by the big players. He’s recently closed a couple of key investments in local Sydney fintech startups. In Australia, fintech is mostly driven by local companies, with 512 Australian and 67 offshore companies operating locally, according to analysis by KPMG. One of Gupta’s investments is Stockspot, a robo-adviser fund […]
Australia’s CommBank arms combine to launch robo-advice service
Two units of Australia’s largest bank have teamed up to launch a ‘robo-for-adviser’ portal aimed at financial advisers servicing high net worth clients. CommSec Adviser Services, the adviser support arm of the Commonwealth Bank of Australia (CBA / CommBank), and Colonial First State, part of the CBA’s global asset management business, will jointly provide the new system, named Portfolio Service. The service will offer a ‘one-stop-shop’ online that aims to enable advisers to manage their clients’ investments by automating administration and reporting requirements. Designed for the fee-for-service business models, the system can be customised to support specific advice fee structures and is offered by both firms. Better service CommSec Adviser […]
Forbes Fintech 50 call for nominations
For two years, Forbes has published our Fintech 50 list, showcasing the top companies shaping “the future of your money.” (See the 2015 and 2016 lists.) These innovative startups are making it easier for suppliers in emerging economies to get paid, for low-mileage drivers to save hundreds of dollars a year, for your financial advisor to create a tailored-for-you portfolio, and enabling even more technological advances that benefit many of us daily, unbeknownst to us. If the Great Recession shook trust in global finance, these are the firms that are building it back up. We’re about to begin updating the list for the third year — a multi-month process which […]
CXi announces second client for Unit Registry
CXi Software has announced that it has successfully migrated its second client, in as many months, onto its cloud-based Unit Registry system – CXi-Registry™. “We’re delighted to welcome our second client; a significant Melbourne-based property firm managing some $2 billion in assets” said Seamus Ó Concheanainn, Managing Director of CXi. “This client is synonymous with professional property investing and is a terrific partner for CXi. Our CXi-Registry™ platform delivers the high-end capabilities that innovative fund managers require and feedback from our early adopters indicates we are meeting and exceeding market expectations in that regard,” Mr. Ó Concheanainn continued. “Our digital platform is the first purpose-built unit registry system developed in […]
