Stake lifts the bar for trading US stocks and ETFs
It was during a three-year stint in Chicago, working for market maker Optiver, that Matt Leibowitz realised Australians were getting gouged buying international equities through the brokerages owned by the big banks and the customer experience was woeful. “During my years in the US I was amazed at the breadth of product offered to US investors at a compelling price,” said Mr Leibowitz, who was a lawyer at Allens before joining Optiver in 2007. “I was shocked at the breadth and costs in Australia: we paid more and got less.” Returning to Australia four years ago, Mr Leibowitz started to sense an opportunity to start a fintech that would provide […]
Indian fintech revolution in motion, calling Australian fintechs to join us at Australia-India TatXpo 2017
Indian fintech revolution in motion, calling Australian fintechs, corporates and investors to participate. Taking interest for Australia-India TatXpo 28-30 June 2017 in Mumbai, India. What is TatXpo? TatXpo is the flagship annual Australia-India trade and investment expo established by Tat Capital. The focus will be on uncovering fintech opportunities and will be held in India’s financial capital, Mumbai. Last year’s format was day 1 expo and gala festivities, day 2 industrial site visits and day 3 cultural tour which we intend to repeat. Last year 93 delegates attended TatXpo2016 in Hyderabad (tech city) which included 22 ANZ CEOs, 55 companies and 25 VC/PE investors from 8 countries. They […]
Anxious and confused: Why many older Australians are afraid of a cashless society
by David Taylor, ABC.net.au Before I became a journo, I worked for a credit ratings agency. It was my duty to work out if our clients (companies) were likely to sink or swim in the future (financially). It was my first full-time job, so I couldn’t wait for pay day. The management team were old-fashioned, so after my first fortnight of work, I actually received a pay cheque. That’s right, literally, a cheque. I suspect quite a few Australians would remember their first “pay cheque”. It’s quite a satisfying moment. You get to hold a piece of paper — effectively a note, saying, ‘thanks for all your hard work this […]
Jost: Pace of reform is too slow
Australia must disrupt its banking regulations or face waking up one day to find a FinTech innovator such as Chinese giant Alibaba becoming the bedrock of our financial system, rather than the Big Four banks. So says Jost Stollmann, a German expat with decades of experience in technology entrepreneurship, government and FinTech innovation. “One day we might not be talking about the Big Four but AT&T Financial Services and Alibaba owning banking services in Australia,” says Mr Stollmann. Mr Stollmann sees Australia at a tipping point, not only with FinTech regulation but also with its overall innovation thrust. In a strengths, weaknesses, opportunity and threat analysis, Australia has great lifestyle […]
Complii FinTech Solutions targets 2017 IPO
Complii FinTech Solutions, a supplier of compliance and corporate system for stockbrokers, is seeking to join the local bourse in the latter months of 2017. Street Talk understands the company wants to list on the ASX in the third or fourth quarter. Complii is said to have already received inbound inquiries from broking houses and a float manager will be appointed in the next three-to-six weeks. The company which can be classified as fintech or regtech was founded by Tony Cunningham, managing director of broking firm CPS Capital and co-founder of stock forum HotCopper. The Complii website says the software is customisable and automates, records and reports on a licensee’s […]
eWAY, Australia’s largest payments platform, partners with zipPay
zipMoney Limited announces an Australia-first strategic partnership with eWAY, part of US giant Global Payments. eWAY is Australia’s largest online payment gateway and processes more than 25 percent of all eRetail payments. The partnership will see the roll out of the zipPay and zipMoney ‘buy now, pay later’ digital wallets as core offerings for tens of thousands of online retailers in Australia and millions of Australian shoppers. “The two leading names in the Australian online payments and digital wallet space are joining forces to help merchants sell more and sell better,” said Mark Healy COO at eWAY. “eWAY helped pioneer online payments in Australia and remains at the forefront of […]
Square teams up with leading POS and order management platforms
Square are today announcing integrations that will give business owners across Australia who are using alternative point-of-sale and order management platforms the ability to accept payments with Square. For the first time in Australia, these businesses can access Square’s affordable hardware, fast deposits and online payment solutions that millions of sellers across the world already use to run and grow their businesses. Select larger businesses, such as full-service restaurants or multi-location retailers, have built their operations around platforms to manage orders and run business processes that support their specialised or unique needs. Our list of new integrations with platforms include Vend, TouchBistro, Posboss, Abacus, SalesIn, Mobi2Go and Boppl. Sellers using any […]
Ex Zurich Australia CEO heads up new insurtech startup, Evari
A major new start up in the insurance industry called Evari (www.evari.insure) has been announced in Australia, led by former CEO of Zurich Australia & NZ, Daniel Fogarty. Evari will provide a customer first, digital experience, that simplifies the purchase and management of business insurance and will launch in mid 2017. “At Evari we are using technology to create a great customer experience and solve challenges that SMEs face when buying their insurance”, Daniel said. “I know first-hand the challenges that incumbents have trying to get innovation into the insurance process, and I firmly believe there is a better way of servicing the needs of small businesses”. With co-founders from […]
