Bitcoin Gold: The world’s biggest cryptocurrency looks set to split again
Another bitcoin split is in the works, as a group of developers plans to establish an offshoot called Bitcoin Gold (BTG). According to bitcoin developer Jimmy Song, the aim is for BTG to become “a better gold than bitcoin”. The world’s biggest cryptocurrency is commonly compared to the precious metal, as investors debate its merit as a safe-haven store of value. Back in August, analysts at Morgan Stanley made an interesting appraisal of the similarities and differences between the two assets. Bitcoin Gold developers are planning to establish a hard-fork on October 25 and the new version of the currency is scheduled to be in operation by the start of […]
Equity Trustees employs fintech solution
Partnering with a specialist fintech helps in adapting to an ever-changing regulatory environment and boosting capabilities that will attract customer investment, according to Equity Trustees. Equity Trustees announced its own fintech partnership this week with the pControl Oversight solution, with the intention of further expanding its professional funds governance capability. Commenting on the partnership, Equity Trustees executive general manager, Corporate Trustee Services (CTS), Harvey Kalman, said: “We are constantly looking to invest in a way to strengthen our oversight functions and bolster scalability and compliance capabilities.” “We’ve experienced significant growth in our trustee services business for fund clients, which includes taking on the responsible entity role for the funds.” […]
Tic:Toc selects MuleSoft to power instant online home loan service
MuleSoft, the leading platform for building application networks, today announced that financial services startup Tic:Toc has selected MuleSoft’s Anypoint Platform™ to power it’s real-time home loan approval system. Since conception in 2015, Tic:Toc has been working to create a fully automated online home loan application system. In July of this year, the Adelaide-based Fintech launched Tic:Toc and unveiled their new platform which they believe offers loan approval in just 22 minutes, compared with the industry average, which they claim takes 22 days. The service digitally evaluates a borrower’s suitability in real-time by calculating variables, such as property valuation, borrowing ability, credit checks and the validation of financial records. MuleSoft was […]
Seeking Australian Female Founders of startups for mission to UK
Australian Female startup founders to visit London as part of Startup Catalyst’s Mission to explore the world leading UK tech market. The UK Department for International Trade (DIT) has partnered with Startup Catalyst to offer a female Founder of an Australian startup the opportunity to join Startup Catalyst’s ‘Female Founders Mission’ to London in November 2017. The successful ‘Female Founder’ will join a 20 strong delegation to the UK, including startup Founders, investors, corporate innovators and government policy makers, all looking to learn about the UK startup eco-system and establish international networks. The successful applicant will receive access to the full mission programme of events, meetings and tours, accommodation and […]
Technology will shape financial services
Financial advisers must challenge themselves to see where technology can add value to their business models if they wish to remain relevant in the coming years. That was the key theme of a presentation delivered by futurist Chris Riddell at the 2017 Association of Financial Advisers National Adviser Conference which started on Wednesday at the Gold Coast. The rise of new technologies creating business efficiencies, particularly the significant potential offered by deploying blockchain, will be the biggest influencers on financial services over the next decade and those that don’t adopt will be left behind, Riddell said. While Riddell doesn’t think crypto-currencies will have any major impact on the financial services […]
Australian alternative finance market grew by 53% in 2016: Report
The Australian alternative finance (alt-fi) market grew by 53% in 2016, despite declines in equity crowdfunding activity in the face of regulatory uncertainty, according to a study released in September. The study was undertaken by the Cambridge Centre for Alternative Finance, the Tsinghua University Graduate School, the Australian Centre for Financial Studies at Monash Business School and KPMG. It found that the Australian alt-fi market has grown 53% over the past 12 months. According to the Cultivating Growth: The 2nd Asia Pacific Alternative Finance Industry Report, which surveyed 628 alt-fi companies, Australia overtook Japan in 2016 to become the second largest alt-fi market in the Asia Pacific, with a market […]
SocietyOne sets new record with triple milestones in 2017
SocietyOne, Australia’s pioneering and leading consumer marketplace lender, has set new records for lending with growth in 2017 already surpassing the level of volumes for the whole of 2016. Total lending since the company started operating five years ago has now topped $350 million as the current loan book also reached $200 million for the first time in SocietyOne’s history. These were new records for a consumer finance marketplace lender in Australia with SocietyOne having originated more than twice the loans than that of the company’s nearest competitor. SocietyOne has now enjoyed seven successive quarters of strong growth as it scales up. New lending to borrowers in […]
Myer launches credit card featuring Android Pay and Apple Pay
Myer’s new rewards-based Myer Credit Card is the first Australian retailer-provided Visa card with Android Pay and Apple Pay. The Visa credit card, issued by Macquarie Bank, will allow people to use their smart phone’s digital wallet to pay with either Android or Apple Pay. Consumers also have access to a range of security features and budgeting tools through the Myer Credit Card app, designed to make it easier to track and manage spending. The Myer Credit Card works off a rewards-based system, whereby customers can earn uncapped Shopping Credits on eligible purchases at Myer and MYER one affiliates by presenting their MYER one card number at point-of-purchase. Canstar Research […]
