Australian FinTech company profile #3 – The Invoice Market (TIM)
Here is our third Australian FinTech company profile – The Invoice Market (TIM) 1. Company Name: The Invoice Market (TIM.) 2. Website: www.TheInvoiceMarket.com.au 3. Key Staff & Titles: Angus Sedgwick (CEO and Managing Director) 4. Location(s): Sydney Head Office, operate nationally 5. In one sentence, what does your fintech do?: Provide Working Capital Solutions to Australian businesses. 6. How / why did you start your fintech company?: I started the Company to address a need in the business finance market that was not being well serviced by the incumbents. 7. What the best thing your company has achieved or learnt along the way (this can include awards, capital raising etc)?: […]
Square launches new Square Online Store to boost eCommerce offering for Australian businesses
Today, payments provider Square, Inc. (NYSE: SQ) launched the new Square Online Store, a product that will give Australian small business owners the tools they need to start or grow their eCommerce business instantly. Square’s new offering is also the first product to be fully integrated with Weebly, a powerful platform for building a website or online store, since the company was acquired by Square last year. Square Online Store enables business owners to easily create a professional website that fits their brand to help grow their operations in person and online. Additionally, it enables businesses to seamlessly sync their Square data, like catalog items and inventory, with their website. […]
Identitii partners with Trace Financial to simplify new financial message standards migration for SWIFT member banks
Identitii Limited (ASX:ID8), an Australian FinTech enabling the secure overlay of transaction level detail on top of financial messages using a private blockchain, has partnered with leading message transformation software provider Trace Financial Limited. The product partnership involves the integration of Trace Financial’s established message translation software, Transformer, with Identitii’s innovative overlay platform, Overlay+, to simplify the migration to new ISO 20022 financial message standards for financial business transactions. Headquartered in London, Trace Financial has technical expertise in SWIFT messaging, and has been providing software solutions to bank grade clients for over 30 years. Identitii will leverage Trace Financial’s sales network and conduct joint marketing activities for the adoption of […]
Why parents should start teaching their kids about money at an early age
How did you learn about money when you were a kid? Maybe your parents handed you a few dollars to swing by the grocery store for milk. After getting through the checkout line and carefully counting out the change, perhaps you stuffed the rest back into your pocket and headed back home. Today, teaching kids how to manage money is different. As technology around payments and money management has evolved, transactions are often no longer tangible. Cash is becoming less common and learning to become financially savvy is beginning to take a much different shape than in the past. From cash to V-bucks and in-app purchases This emergence of financial […]
British fintech players circling Aussie market ahead, Xero says
Savvy British fintech players could sweep into the Australian market en masse this year if the open banking regime kicks off in July, jostling with local start-ups and potentially kicking off a round of joint ventures or mergers and acquisitions. That’s the scenario painted by Ben Styles, general manager of financial services at ASX-listed Xero, who has been central to the Kiwi accounting software company’s engagement with open banking regimes in Britain and Australia. Open banking hit Britain’s financial services sector in January last year, giving the vibrant fintech scene there an 18-month head start on the similar regime set to launch in Australia on July 1, assuming the election […]
Frank Lab’s senior advisor Jasmine Koh interviews Gobbill CEO Shendon Ewans about the Federal Budget impact on Small Businesses and Startups
Key points: Bill payment automation company Gobbill is seeing more small businesses doing it tougher drawing on reserves to meet their payables. The 2019 Federal Budget may be good for some small businesses but certainly lacks investment in innovation. The increased instant asset tax write-off may help bricks and mortar type businesses but is unlikely to help high-tech innovative companies using scalable cloud processing and other subscription-based services. There should have been more support and a broader view of R&D as new fields and methods of engineering and scientific development have emerged and do not necessarily fit the traditional R&D models. A different lens should be applied to larger corporations […]
New technologies key driver of digital banking
Banks around the world are citing new technologies as having the biggest impact on the industry and not customer demands or regulation, according to a new survey. The survey by the Economist Intelligence Unit, conducted for Temenos, has revealed that retail banks believe new technologies are more important than customer demands and regulation for the first time in the survey’s six-year history. The Economist Intelligence Unit surveyed over 400 banking executives worldwide and put focus on how retail banks were incorporating technology for future customers. The survey highlighted new technology like AI, open APIs and the cloud as driving banks towards advanced data and analytics in developing compelling propositions and […]
Coinbase CEO Brian Armstrong: Cryptocurrency needs 3 things for mass adoption
Brian Armstrong, CEO of popular cryptocurrency exchange Coinbase and long-time Bitcoin proponent, has issued a list of what he believes cryptocurrency needs to accomplish in order to reach mass adoption. Speaking in 45-minute Ask Me Anything (AMA) session published to YouTube on April 2nd, the CEO outlined three things that are paramount to both crypto and Bitcoin growth: volatility, scalability and usability. While Armstrong answered a number of community-submitted questions, the first and most pressing appeared to be what the industry needed to achieve mass adoption–a breakthrough that many believe to be the most sustainable route for digital asset growth. According to Armstrong, adoption for the industry is largely being […]
