Fintech start-up InstaReM names Aussie cricketer Matthew Wade as brand ambassador
InstaReM, which offers international money transfers to individuals and businesses, has signed on Australian wicketkeeper Matthew Wade as the sports face of the brand. InstaReM lists Australia as its founding market, having begun life here in 2014. Since the company’s modest start in Australia, InstaReM has since successfully spread its wings to other corridors by obtaining the regulatory licenses in Singapore, Hong Kong, Canada, Europe and India. The international wicketkeeper has represented Australia in all forms of cricket, and has proven to be a resilient sportsman, having overcome cancer at the age of 16. As a part of the agreement, Wade will be placing the InstaReM logo at the back […]
DomaCom partners with Moody’s Analytics
Fractional property investment company DomaCom has struck a deal to gain access to the CoreLogic – Moody’s Analytics Australian Forecast Home Value Index. The partnership will allow DomaCom to create “highly targeted, research-backed residential property investment strategies for independent financial advisers and direct investors”, DomaCom said in a statement. DomaCom intends to use the 10-year CoreLogic – Moody’s Analytics Australian Forecast Home Value Index to create residential crowdfunding campaigns for each Australian capital. “While independent financial advisers are typically at the core of most client’s investment decisions they have not previously been able to offer clients a comprehensive property investment solution, effectively excluding the world’s largest asset class from the […]
Startup Muster report outlines Australia’s fintech strength
Fintech has strengthened its position as Australia’s most popular startup sector among company founders, according to a major survey released today. The Startup Muster 2017 report is based on responses from 2,214 people to an August 2017 survey, including 1,184 people who identified themselves as a startup founder. The report finds that 19.7% of startup founders nominated fintech as their industry, up from 15.9% in 2016. Overall, fintech remains the number one startup sector for founders in Australia for the second year in a row. The report also lists fintech as one of the top five industries targeted by startup supporters such as mentors, professional services firms and coworking spaces, while […]
Loan fintech launches recruitment drive
Digital mortgage service uno has embarked on a new recruitment drive to expand the firm’s staff by 50% over the coming six months. This initiative has been the result of recent insights gained from consumers – learnings which have grown the business rapidly over the past few months, uno founder and chief executive officer Vincent Turner told Australian Broker. “As a result, we’re ready to take this up a notch,” he said. uno is now recruiting across three separate roles within the company: consultants, home loan advisors and support. “A lot of what people are joining uno for is we have a massive focus on the training and mentoring approaches […]
Collaboration with industry and regulators key to enhancing RegTech innovation
Industry delegates gathered at a high-level event in Singapore on the 16th of November, calling for financial institutions and regulators to work more collaboratively with start-ups to enhance RegTech innovation across the region. Hosted by Deloitte, Austrade and The RegTech Association, the event was held as part of Singapore’s inaugural FinTech Festival, and was attended by the Australian High Commissioner, the Hon. Bruce Gosper. At the event, industry influencers, government officials, tech start-ups and entrepreneurs came together to discuss strategies for driving cross-industry and cross-border collaboration, and opportunities to safeguard against financial crime with RegTech solutions. Julian Fenwick, Chair of The RegTech Association and Managing Director of GRC Solutions, a […]
Bitcoin speeds past $US8000 as its white-knuckle rollercoaster ride accelerates
Bitcoin’s relentless and volatile rally shows no sign of abating, with the world’s largest cryptocurrency defying growing bubble fears to hit yet another milestone. Bitcoin rose as much as 6.7 per cent to a record $US8224 ($10,898) as of 9.27am in New York. It’s been a tumultuous year for the virtual currency, with three separate slumps of more than 25 per cent all giving way to subsequent rallies. “The inflation in this thing is massive,” Luke Hickmore, a senior investment manager at Aberdeen Standard Investments in London, said in an interview with Bloomberg TV. “When will it collapse? Who knows. It will cause a lot of pain.” Even as many […]
Fintech start-up Douugh scores partnership with US mutual bank Choice
Sydney-based fintech start-up Douugh has scored a partnership with US mutual bank Choice Financial, as it readies to launch its smart banking personal assistant, Sophie. As part of the open banking partnership, Douugh will launch an integrated bank account and debit card with the bank, giving it the ability to accept deposits. Choice Financial has also invested in Douugh, as part of a $2.5 million seed round. Founder and chief executive Andy Taylor, who was also a co-founder of successful peer-to-peer lending platform SocietyOne, told The Australian Financial Review he wanted to reduce society’s reliance on credit cards and help people save money. “I’ve always been quite passionate about the […]
Facebook’s Messenger payments looms over Australia’s big banks
Facebook’s challenge to Australia’s big banks is coming as early as next year, when the social media giant is expected to introduce peer-to-peer payments within its Messenger service, hot on the heels of local banks’ expected launch of their own P2P payments network. In July, The Australian Financial Review revealed Facebook had been awarded a patent to allow it to launch Messenger payments in Australia, which will allow users to pay family, friends and groups once they have linked up a bank-issued debit card to their social media account. More than 13 million people use Facebook Messenger in Australia each month, a figure that will have local banks – who […]
