Prospa announced as NSW state winner in 2017 Telstra Business Awards
Prospa, Australia’s leading online lender to small business, has been awarded the 2017 Telstra New South Wales Medium Business Award in the 2017 Telstra Business Awards. Prospa is the first fintech company to be awarded the accolade and this year’s win follows the company’s third consecutive appearance as a finalist at the Telstra Business Awards. Over the past five years, Prospa has disrupted a previously traditional industry by transforming the way small business owners experience finance, injecting more than $400m into the Australian small business economy through over 12,000 loans to small business owners. Alongside this growth, Prospa has maintained extremely high customer satisfaction of over 90%, as well as […]
ANZ is the first Big Four bank on both Samsung Pay and Apple Pay
ANZ has joined Samsung Pay, becoming the first of the big four Australian banks to be on all three major digital wallets. The bank had already been the only one of the majors to be on Apple Pay and was already available on Android Pay. “Samsung has strong device market share in Australia and many of our customers love its open approach to technology, so it made sense for us to work with them in bringing this convenient and secure mobile payments solution to our customers,” said ANZ product managing director Bob Belan. ANZ joins Westpac and a range of smaller institutions on the Samsung platform, which allows contactless payments […]
New fund Super Simplifier promises hybrid between traditional super and SMSF
Consumers using Super Simplifier can choose their own mix of investments from shares, hybrid securities, ETFs, listed investment companies and term deposits
CXi Software announce first client on their cloud based unit registry platform
New Australian fintech CXi Software Pty Limited (CXi) announce that Endeavour Securities (Australia) Limited (wholly owned by Linchpin Capital Group Limited) has gone live on its cloud-based unit registry platform CXi-Registry to facilitate full and simplified registry for Endeavour’s Investport Income Opportunity Fund. “We chose CXi-Registry as we needed an investor registry solution that was simple, intuitive and efficient, and a solution that will integrate into a range of other systems” said Paul Nielsen, Joint Managing Director of Linchpin Capital. Linchpin Capital is a Sydney based independent investment and capital advisory house operating across multiple asset classes, including; retail financial planning & wholesale investment advisory, Superannuation and funds […]
Ignition Wealth launches low cost high compliance SMSF appropriateness tool
CEO Mark Fordree today announced the launch of the Ignition Wealth SMSF Appropriateness tool, a software technology solution automating the administration of the SMSF appropriateness process. “This is a client-centric solution that ensures that investors considering establishing an SMSF are engaged, educated and empowered. It offers a low-cost easy to use solution.”. Mark Fordree, CEO, Ignition Wealth. Ignition Wealth sets the benchmark in Australia as a business to business digital financial advice solutions provider. This technology solution has been designed to allow advisers, accountants and financial enterprises to reduce the time and cost of the SMSF Appropriateness process. “Our clients are seeking smart technology solutions to drive […]
Square and Vodafone team up to make business easier
Square is teaming up with Vodafone Australia to launch a first-of-a-kind offer which will help time-poor business owners across Australia start accepting card payments and run an integrated mobile point of sale in their business instantly. Vodafone small business customers will now be able to source hardware, software and payments services in one place – with the inclusion of Square strengthening Vodafone’s stable of communication and business solutions. Available now from selected Vodafone stores, the Square Reader for contactless and chip can be purchased for just $5 (RRP $59) when bundled with Vodafone’s 24-month $60-and-above Red Plans and $50-and-above SIM Only Red Plans. To reduce costs for […]
Crowdfunding to offer new equity opportunity
The concept of crowdfunding is nothing new to many micro and small businesses, and those operating in the startup sector, but the way it applies will change from September 29. From that date, unlisted public companies with annual turnover and gross assets up to $25 million will be able to issue shares to the general public. The process will be similar to companies issuing a prospectus to raise capital ahead of a listing on the ASX, but in a way designed to make life easier for smaller businesses. This is a big change from the crowdfunding campaigns run through organisations such as Kickstarter, Pozible and Gofundme. Many of these campaigns […]
Australia joins the tech train with AI and Blockchain
Australia is currently seeing the first manifestations and ramifications of two of the business world’s key technologies: blockchain and artificial intelligence (AI). Both could fundamentally change how financial and professional operations are conducted in Australia. Currently, blockchain technologies are being explored through research and start-ups looking to implement the purely digital ledger. The Commonwealth Scientific and Industrial Research Organisation (CSIRO), the Australian government’s federal agency for scientific investigation, released a report last month exploring how blockchain could support the country, along with the risks it presents. In addition, in June, Melbourne hosted the Annual blockchain summit, while the newly formed Blockchain Association of Australia finished its first meeting on July […]
