Australian Fintech companies do it again in this year’s Anthill Magazine Smart100 2018
Once again the Australian Fintech industry has been well represented in this year’s Anthill Magazine Smart100 2018. Congratulations to the all the Australian Fintech companies who made the Smart100 list for 2018: Trade Ledger Practice Ignition eBroker Link4 For the full list of Anthill Magazine Smart100 2018 winners, please check them out here.
5th Annual FinTech Summit 2018: The Year of The Challenger and Neo-Banks!
5th Annual FinTech Summit 2018 – This is the Year of The Challenger and Neo-Banks! This year will see the launch of a number of ‘challenger’ and ‘neo-banks’ in Australia who will take on the Big End of Town. Remember – banks think they own the financial services sector because they have the customers and the distribution – the branch networks, and the (thousands of) financial advisors. Here’s the problem – all the new customers, the millennials, don’t trust the banks, or their advisors, and we haven’t yet heard the final recommendations of the Hayne Royal Commission – will there be criminal prosecutions? (Free Tip: It’s very hard to own […]
UK Tech Rocketship Awards take off in Australia and New Zealand
The UK’s Tech Rocketship Awards offer Australian and New Zealand technology scale-ups a new launch-pad for their expansion to the UK. On the hunt for successful Australasian technology scale-ups, the UK Department for International Trade (DIT) has launched its Tech Rocketship Awards in Australia and New Zealand. The Tech Rocketship Awards are open to established Australian and New Zealand scale-ups who deliver innovative, technology-led solutions across a wide spectrum of industries and are ready to internationalise. The Awards will help 8 winners gain exposure, expand their global networks and expedite the set-up of their UK operations through a paid-for, personalised trip to the UK in early 2019. So far, over […]
New partnership sets out to educate the SMSF community in cryptocurrency investments
Cointree one of Australia’s leading cryptocurrency exchanges has partnered up with My SMSF, a specialist provider for property and niche assets. The partnership aims to deliver clarity for people wanting to invest their super in cryptocurrencies. Cointree is one of Australia’s fastest growing digital currency exchanges with now over 60,000 members. Through their community, affiliates and partners, Cointree continues to see a growing interest in investment opportunities in cryptocurrency using a members Self Managed Super Fund (SMSF). “Since our announcement of entering the SMSF space, we have gained a lot of interest from our members and the general public wanting to invest into cryptocurrency using their super,” says Shane Stevenson, […]
Irish fintech Priviti launches in Sydney as Australia prepares for Open Banking and the Consumer Data Right
As Australia prepares for its new Open Banking standards and the Consumer Data Right, Priviti, the global fintech company, is helping banks get ready to comply with new legislation and empower consumers with greater control over how their personal data is shared. Its extensive experience with global data protection laws such as PSD2 and GDPR means Priviti has seen the paradigm shift in the way financial organisations and individuals view their data, and how their systems need to change, explains Dermot McCann, Priviti’s Head of APAC. “Every day a bank is potentially engaging in new activities that could impair their compliance, particularly now in this new era of Australian Open […]
What’s the difference between a private and public blockchain?
Blockchain has potential applications in many industries, from accounting to agriculture. It’s essentially a distributed ledger, which records transactions between every user in the chain. There are different types of blockchain: some are open and public and some are private and only accessible to people who are given permission to use them. A public blockchain is an open network. Anyone can download the protocol and read, write or participate in the network. A public blockchain is distributed and decentralised. Transactions are recorded as blocks and linked together to form a chain. Each new block must be timestamped and validated by all the computers connected to the network, known as nodes, […]
Peppermint signs agreement with Philippines’ electronic payment service provider, ECPay
ASX-listed Peppermint Innovation Limited announced it had signed a Memorandum of Agreement with Electronic Commerce Payments, Inc. (“ECPay”), a leading electronic payment service provider in the Philippines. Under the agreement, customers can use Peppermint’s Bizmoto website (www.bizmoto.com.au) to directly pay a variety of bills for their family and friends living in the Philippines, such as power and water, mobile phones and the internet. They can also directly top-up credit cards and debit cards for their family and friends, as well as paying insurance premiums or loan and finance repayments. The direct payment of bills and purchase of e-Loads is viewed favourably by some payees who are reluctant to transfer cash […]
Xero State of Lending Report: Funding gap is stifling small business growth in Australia
Research unveiled today by Xero suggests Australia’s small businesses could borrow as much as $80 billion over the next 12 months, if they could get the funding. Instead, small businesses are struggling to access the capital they require, in large part due to the complexity of the loan process. This is creating a funding gap and holding back significant jobs and growth opportunities for the Australian economy. According to the Xero State of Lending Report, one in five small business owners (22%) say access to capital is the greatest pain point or perceived threat to their long-term growth aspirations, and a quarter of small business are not very confident in […]
