Midwinter & PractiFI integrate to provide advisers with world class business management system
PractiFI and Midwinter Financial Services have today announced a software partnership which is set to streamline the financial planning advice process. Through both systems’ open API, PractiFI, the business management platform for financial services, will seamlessly integrate with AdviceOS, Midwinter’s flagship financial planning software. The integration provides users with connected access to both systems, allowing data to flow freely each way. It comes as demand is increasing for an industry specific CRM, which PractiFI offers with its Salesforce-based platform. The integration synchronises rich client details between PractiFI and AdviceOS, removing the effort involved in duplicate data entry and the risk of error. It also allows advisers and […]
Afterpay surges as sales head for $1.5b
Lay-by payments service Afterpay Touch says its underlying annualised sales are on track to surpass $1.5 billion as more major brands sign up. The fintech’s first quarter sales hit $367 million, up from $271 million in the fourth quarter of 2016/17, and comes after Target, Luxottica and Petbarn recently adopted its online payments system. Shares in Afterpay jumped 48 cents, or 10.2 per cent, to $5.18 on the company’s quarterly sales update. Afterpay says more than 8,600 merchants are now on board, up from about 6,000 on June 30. And more brands are expected to join up in the second quarter. “Significant development of partnership and platform initiatives in the […]
Hashkloud Australia’s Blockchain integrated PaySHA digital payments platform goes LIVE
PaySHA promises cashless and cardless digital payments that uses Blockchain & QR code technologies to deliver real time payment solutions for the customers Hashkloud Pty Ltd (HKAU), a Blockchain focused Fintech company based in Sydney, Australia announced that United Commercial Bank Ltd (UCB), a full service commercial bank based in Dhaka, Bangladesh have launched Upay, a digital payments platform on Oct 17th, 2017. Upay is based on HKAU’s PaySHA Digital Payments Platform, a universal digital payments platform that uses Blockchain technology where transactional data during payments processing are cryptographically hashed and verified using Blockchain. PaySHA supports a cashless and cardless digital wallet that uses QR (Quick Response) code to deliver […]
Link4 partners with Squirrel Street for faster invoice processing
Turning the information in an invoice into an entry in a cloud accounting system is a pain point for businesses. Now Squirrel Street’s industry leading AI data extraction and human verification process has been incorporated into Link4 so users can import legacy PDF invoices along with instant, truly digital, eInvoices into any of the six main cloud accounting solutions used throughout Australia. This partnership announcement is a win for all business owners from micro to medium enterprises, as it provides them with functionality often reserved for large enterprises. “Both teams have been working together in order to offer a smooth user experience and increase their productivity,” said […]
Ethereum Founder: Central Banks far from Digital Currency
Vitalik Buterin, the 23-year-old creator of the world’s second biggest digital currency, Ethereum, isn’t worried about coming competition from the central banks of the world. Speaking in Toronto on Tuesday, Buterin downplayed the possibility of countries creating digital versions of their currencies that could rival or displace bitcoin or Ethereum. He said the advent of a national currency based on a blockchain, which is the distributed ledger technology that underpins bitcoin and Ethereum, will take years to launch. “If there is [such a launch] it will be a server and a bunch of marketing buzzwords to make it look like a blockchain,” Buterin said, suggesting central banks lack the ability […]
LoyaltyX launch world-first Blockchain loyalty project at UNSW
LoyaltyX and University of NSW (UNSW) have partnered to launch a world-first blockchain loyalty research project, giving students an opportunity to earn Ether cryptocurrency at the checkout of participating merchants simply by scanning a barcode in their digital wallet. UNSW students and staff can earn $5 of Ether for every ten transactions they make across eleven campus retailers, including Boost Juice and IGA, as part of the Unify Rewards program that goes live on trial today. Ether is a cryptocurrency supported by the Ethereum network. The revolutionary program will give members access to the dynamic frontier of cryptocurrency with no risk or investment required. LoyaltyX Chief Design […]
Australian FinTech and Avila Financial Solutions partnership, a step forward for Fintech and Start-ups
Last week Avila Financial Solutions joined Australian FinTech’s lending partners portfolio. This partnership shows the relentless determination of both companies in the support of the SME, Fintech and Start-Up industries of Australia. Avila Financial Solutions is an alternative finance company that has been leveraging their knowledge and solutions to add value to Small and Medium sized businesses since 2015. They focus on providing tailored cashflow solutions such as Invoice Financing, Supplier Financing, R&D financing and Factoring. With over 80% of their portfolio being SMEs, they have developed a very good understanding of small business needs and have built a solid experience tailoring these solutions to specific challenges impacting the SME […]
IBM develops blockchain system for banks
The company expects to process up to 60% of all cross-border payments in the South Pacific by early 2018. International technology company IBM has joined forces with blockchain startup Stellar and payments company KlickEx Group to enable high-speed cross-border payments for banks and other financial institutions. The aim of the payments process is to speed up clearances and settlements on a single network in real time. Blockchain, the technology behind bitcoin, is a revolutionary distributed-ledger technology that offers a secure and immediate way of transferring a range of data – more specifically, in this case, currency transactions. IBM’s solution is already active, processing live transactions across 12 different currency corridors […]
