Australian University awards funding to local Bitcoin exchange
A Brisbane-based Bitcoin exchange has caught the eye of Queensland’s University of Technology (QUT), which awarded the start-up $15,000 in funding. Digital Surge was selected among eight innovations to receive the money, as part of QUT’s ‘Bluebox Accelerator’ program. “We look for the most innovative start-ups across all disciplines,” said the program mentor Dr Tim MacTaggart. “This year we have a bright group who cover the emerging Queensland interests including cryptocurrency, retail and some of our most pressing social issues such as homelessness.” The QUT Bluebox accelerator is a three month intensive program aimed at getting start-ups reading for fast-tracking commercial growth. As well as the funding, selected teams receive […]
Wisr added to Platform Finance panel as it strengthens business team
Wisr, Australia’s first neo lender (ASX: WZR), has joined the consumer lending panel of one of the country’s biggest finance broker communities and strengthened its business teams. Platform Finance, part of the Consolidated Operations Group (ASX: COG), has finance brokers across Australia and will now be able to offer their consumer clients access to Wisr’s unsecured personal loans. This appointment follows a period of real growth in Wisr’s personal loan business through the broker channel. The company has recorded 46% quarter on quarter growth in loan settlements through the broker channel as at 30 September 2018. Today more than half of all finance brokers are able to assist clients with […]
Advice dealer group, fintech align
Advisers licensed by Elders Financial Planning can now access Cashwerkz, a term deposit administration service and cash management platform. Advice clients can access current term deposit rates across a wide range of Australian banks and other authorised deposit-taking institutions. Elders advisers using Xplan can also benefit from a wide range of data feeds offered by Cashwerkz, enabling them to comprehensively measure asset allocation, cash exposure and liquidity levels. “We are very conscious of the need to continuously innovate throughout our organisation to counteract the increased levels of administration and myriad of challenges that advisers are currently facing and Cashwerkz will be a big help in creating these efficiencies for our […]
Afterpay is different from competitors, says co-founder
Afterpay has rejected rival Zip Pay’s call for industry-wide responsible lending checks, saying the government shouldn’t take a one-size-fits-all approach to the buy-now, pay-later sector. The rift comes ahead of Afterpay and Zip’s scheduled appearance before a Senate committee later this month in Brisbane where Young Rich listers, Zip’s Larry Diamond and Afterpay’s Nick Molnar, will give evidence. Zip’s co-founder Peter Gray said the buy-now, pay-later providers should comply with a limited version of responsible lending obligations, by verifying customers’ identity, income and credit history.But in a statement, Afterpay executive chairman and co-founder Anthony Eisen said there were “distinct differences” in the products offered in the buy-now, pay-later sector and […]
GoldFund.io announces first public cryptocurrency exchange to list the GFUN Token
GoldFund.io a commodity platform for Cryptocurrency and Gold today announces the first listing on a Cryptocurrency Exchange following its ICO ending on 31 January, 2019. p2pb2b.io is a Swiss based Cryptocurrency Exchange supporting major currency pairs with a total of 47 trading currencies. The primary features of the p2pb2b platform are: New Accounts: Newly created accounts have a 0 USD (or equivalent) withdrawal limit. Basic Accounts: Basic accounts can currently withdrawal 500 USD (or equivalent) per 24h. Enhanced Accounts: USD$100,000 (or equivalent) per day with two-factor enabled. Verification required. Multi-Language Support Support 24/7. English, Chinese (Mandarin), Japanese, Russian, Indonesian, Spanish, German, Korean The main distinguishing feature of p2pb2b is support […]
Top seven fintech business lenders compliant with new code of conduct
The seven largest online small business lenders have opened themselves to scrutiny by an independent oversight committee
Swiss company buys Australian-founded fintech vendor with KWM’s help
King & Wood Mallesons (KWM) has continued its work in Australia for a Swiss client with a US$245m deal. The global giant advised listed banking software company Temenos AG on its acquisition of Australian-founded Avoka. Headquartered in the US, Avoka provides a digital customer acquisition and on-boarding platform. It will be integrated into Temenos’ Digital Front Office product. The deal will be funded by cash and debt, KWM said. To read more, please click on the link below… Source: Swiss company buys Australian-founded fintech vendor with KWM’s help
California dreaming: Why Aussie fintechs are looking abroad
Peter Colbert believes Australia may be too small for the number of fintech companies it is producing. “There are only so many people in our country: 26 million, and that includes one year olds. What’s the real number of potential customers out there?” the founder of contactless payments company Inamo says. Inamo’s products include a waterproof plastic payments chip it promoted to Australia’s surfing and sports communities as an easy way of paying for anything without having to cart around a wallet. The business also developed a prototype for “Paywave sunglasses” with Visa back in 2016 and was focused on growing its base down under. But the game changed when […]
