Bitcoin vs. Ethereum: How are they different?
You may have heard of Ethereum. You’ve almost certainly heard of Bitcoin. You may even have heard of people making fortunes off of them. What you may not have heard is what exactly these two projects are. What Are Ethereum and Bitcoin? Ethereum and Bitcoin are two different versions of the same underlying concept called a blockchain token. Each was invented to work as a virtual currency. To understand how these two projects work and differ, you first have to understand the concepts of blockchain and virtual currency. What Is Blockchain? Blockchain is a form of digital data storage. In a blockchain, data are recorded on a series of digital […]
Funding partners commit to support Peppermint’s growth
Peppermint Innovation Ltd (ASX: PIL) confirms funding support from two strategic investors that will help deliver its next exciting phase of growth. On 30 October 2018, Peppermint announced Smidge Digital Unit Trust or its nominee had agreed to invest $1.5 million at 2.5 cents per share via a placement of 60 million shares. Smidge has now nominated PEGG Capital Limited (Malta) – a Maltese-based investment group focussed on unique and undervalued opportunities in Australia, Asia and various emerging markets – as the party to fill the placement by 31 March 2019. PEGG Capital Limited has also undertaken to continue to provide financial support to Peppermint to accelerate the adoption of […]
Australian small cap investors should turn focus to tech
Australian small cap investors should turn their focus to the increased use of technology across the financial services sector, and the investment opportunity it presents, according to DNR Capital. DNR Capital’s Australian Emerging Companies fund portfolio manager, Sam Twidale, said traditional financial services companies in Australia had long benefited from favourable regulation, limited competition and captive customers, but as change sweeps the industry, investors could be gaining exposure to new opportunities. “We are witnessing this change now as new business models emerge adopting the latest technologies, with today’s tech-savvy customers receptive to change,” he said. “In the Australian small cap sector investors can gain exposure to these niche opportunities, which […]
Verrency extends its global reach with Banco Davivienda partnership to explore payment innovation services in Latin America
Banco Davivienda, one of Colombia’s largest banks, has signed an agreement with global payments innovator Verrency to be a launch partner in Latin America. The deal enables Banco Davivienda to leverage the Verrency platform to rapidly trial and launch new card programs, payment services and fintech partner solutions to its consumers and small business customers.Banco Davivienda joins Verrency’s growing list of financial institution clients recognized as innovation leaders in digital transformation around the world. The list includes banks such as Emirates NBD’s Liv., the fastest growing bank in the UAE targeting millennials through lifestyle-based banking experiences; Volt Bank, Australia’s first independent 100% digital bank; UnionPay, Asia’s largest cards network; an […]
50 person Facebook team plans cryptocurrency payment tech, report says
The purported coin is geared for ordinary money transfers and not investment speculation, according to The New York Times. Ready to send some virtual money to your Facebook friends or WhatsApp contacts so you can split the restaurant bill? Maybe someday you’ll be using a cryptocurrency to do so. Many people in the tech world have soured on cryptocurrencies and their accounting underpinnings, called blockchain. But Facebook remains interested, with a 50 person project underway to build a technology that’ll let members send each other digital money, The New York Times reported Thursday. Cryptocurrencies initially excited fans who wanted a new digital-era payment mechanism, but as the hype increased, investors […]
Macquarie Group invests in market-changing technology firm Quantexa to accelerate the future of AI-enabled decisioning technology
Quantexa, the data analytics firm, has announced a strategic investment and partnership from Macquarie Group to provide actionable customer intelligence. The strategic partnership will help Quantexa accelerate the growth of its AI-enabled network analytics technology which provides enterprise-wide solutions serving multiple use cases including fraud detection, money laundering prevention, credit risk decisioning and customer insights. The investment follows a Series B funding raise in July in which Quantexa raised $20 million from HSBC, Albion Capital and Dawn Ventures. “We are delighted to have Macquarie become part of the Quantexa journey,” said Vishal Marria, Chief Executive Officer of Quantexa. “Macquarie’s expertise and appetite for innovation will help us to continue to […]
The Banking Royal Commission’s final report: How Basiq can help
With the release of the banking royal commission’s final report, it is clear that responsible lending remains a key concern within the financial services industry. Basiq’s Affordability API can ensure that lenders are carrying out efficient and responsible lending based on high-quality data. In response to lending concerns banks have adopted more stringent serviceability assessments in compliance with existing consumer credit laws. A significant factor in the tightening of loan assessments is the process of verification. According to the report, verification should take into account both income and expenditure and go beyond taking an applicant at their word. This is especially as according to the the Australian Financial Review: “more […]
Australian based financial advice technology provider Midwinter Financial Services appoints new CEO
Australian based financial advice technology provider Midwinter Financial Services has today announced the appointment of Jeffrey Hall as Chief Executive Officer off the back of consistent growth. Midwinter has continued to expand rapidly over the past several years, particularly within the enterprise market. As a consequence of this, Midwinter has been actively searching for additional executive presence to complement its existing management team. He joins Midwinter after spending almost 7 years at Ernst & Young as a Director within the wealth and asset management division, as well as spearheading the professional services division at COIN in the early 2000s. Jeffrey Hall is pleased to be joining the independent company, saying […]
