Craig Dunn to chair fintech hub Stone and Chalk
Technology start-ups will be given subsidised office space by the banks they are seeking to disrupt, with a new financial technology hub to open in Sydney in May. It will provide entrepreneurs with a place to collaborate with established financial sector players and global technology giants and allowing them to access capital for growth. Source: Craig Dunn to chair fintech hub Stone and Chalk
Banks shadow box with online business lenders
Banks are courting a rash of new online lenders that have moved quicker than their giant rivals to use technology to give better deals to small businesses.Prospa has been quietly building its small business loan book for two years. It is one of several local and international players discussing mutually beneficial deals with banks that have favoured the less risky mortgage sector for years, but are looking for growth in business lending. Source: Banks shadow box with online business lenders
CoinJar to put brakes on Bitcoin volatility | The Courier-Mail
Australian Bitcoin start-up CoinJar has taken on one of Bitcoin’s chief criticisms, allowing consumers and businesses to bypass the cryptocurrency’s volatility and peg its price against a currency of their choice.Hedged Accounts was unveiled on stage at Europe’s biggest financial technlogy conference Finovate, and means that for example if a user holds $400 worth of Bitcoin in Australian dollars, they can access $400 worth of Bitcoins in future.Bitcoin itself has seen wild volatility in recent months, crashing from a value of over $1000 per Bitcoin to under $300 this month. Source: CoinJar to put brakes on Bitcoin volatility | The Courier-Mail
Coinjar to reveal Bitcoin volatility salve
Australian bitcoin exchange Coinjar will unveil plans to fix the value of the highly volatile cryptocurrency for its clients and offer conversion to a range of different currencies at a financial technology conference in London on Tuesday as it moves to compete with remittance providers. From late Tuesday, Coinjar joins a number of other bitcoin exchanges in offering “hedging accounts” that peg the value of the bitcoins purchased to the currency originally chosen when a conversion is first made. Source: Coinjar to reveal Bitcoin volatility salve
