Meet the brains behind Raiz Invest research and insights
Raiz Invest Limited, the mobile-first micro investing platform, improving financial confidence for over 164,000 Australians, is strategically using research and insights to continuously garner understanding and awareness of their customer needs, with the help of Dr. Jake An, Raiz Invest Research Phd and in conjunction with major Sydney Universities. Dr. Jake An applies his PhD theories to Raiz customers to improve the user experience and is now the brains behind the continuing research program of Raiz. His role is to merge his two passions, academia and research applying them to real world of financial literacy and behaviour. Working with Raiz since 2016, Jake identifies business problems and works directly with […]
Can Afterpay’s magic run continue?
As Elon Musk and Tesla have shown us, when dizzy valuations and high short interest collide, the results can be spectacular. If the Australian stock market has a battleground stock to rival Tesla it is the buy now, pay later juggernaut Afterpay, which has doubled to a market capitalisation of over $3 billion in just six weeks. In that time, the shorts have been decimated as Afterpay successfully kicked off its US adventure. As it stands, Afterpay which closed on Friday at $14.57 is now valued at 100 times forward earnings and at 50 times based on fiscal 2020 earnings forecasts. So is the run done? Not even close, if […]
How Fintech is making Insurance more affordable
Fintech is one of the most rapidly growing fields at the moment, not just in the technological sector but as a whole. And it makes a lot of sense when one considers the numerous implications it has in our everyday lives, especially when it comes to large-scale institutions’ operations and the way they are able to meet the demands of large numbers of people. Insurance companies are seeing some strong benefits from the growth of fintech and their connection to that industry, and it’s interesting to think about the future possibilities for the cheap insurance sector. Better Customer Segmentation Companies now have access to much more data about their customers, […]
Research reveals most Australians have accepted they are powerless to prevent cyberfraud
Most Aussies believe they will have their personal financial information stolen online, but many have accepted it as ‘normal’, a study revealed. Three quarters of Australians are worried they can’t protect their personal and financial information from cyberfraud, while 87 per cent now accept that data breaches and hacks are the new normal, new research has found. The Mastercard survey of 1010 Australian adults also revealed more than two-thirds of respondents did not feel in control of their online security. Mastercard spokesman Matt Barr said it was important people knew how to protect themselves. “When it comes to buying goods or services via social media, customers can take some small, […]
Here’s how innovation has transformed banking and lending
The effects of technology and the disruptions technology make, manifests itself in clearly perceivable ways. This is very evident in many sectors – in a short span (just eighteen months after its release) Google Maps had knocked out GPS navigation device makers and Amazon and Taobao (Alibaba) have disrupted how consumers shop for goods by moving them to online from offline (O2O). Enterprises are worried about being Uber-ed or Airbnb-ed as new age companies are challenging traditional ways of doing business. Banking and Lending space have also gone through an amazing level of rapid innovation and disruption starting at the turn on the new millennium. Traditional banking monoliths can no […]
World Bank appoints CBA for first bond deal on blockchain
The World Bank has turned to Commonwealth Bank of Australia to issue a bond using blockchain technology, in a deal that suggests a more transparent and lower-cost process for debt capital issuance is just around the corner. Reflecting its antipodean roots, the innovative security is being referred to as a ‘bond-i’ (blockchain offered new debt instrument). The World Bank says it is a world first for using blockchain to create, allocate, transfer ownership and manage a live bond deal. Commonwealth Bank has been appointed sole lead arranger for the ‘Kangaroo bond’ offer, which will launch on Friday and could raise around $50 million, part of the World Bank’s global funding […]
Australia buzzes again with 1st solar-powered bitcoin mining setup
The investment in the Australian FinTech sector has risen remarkably as the Australian FinTech ecosystem is becoming increasingly diverse. We already stated in our recent post that Fred Schebesta, the co-founder of one of Australia’s largest tech stories (Finder) has publicized their upcoming “multibillion-dollar” project plans to establish the “first crypto bank of Australia”. Now, the latest edition is that Australian Ben Tan, the co-founder of Hadouken Pty Ltd, intends to set up 1st 20-Megawatt Solar Farm in Collie which is geographically located in Western Australia to power a Bitcoin mining operation. Reports indicated that the submission has been approved and granted states authorities. The new facility is being developed by data […]
InLoop has made the 2018 AFR Most Innovative Companies List
InLoop Group was honoured to be recognised as one of Australia and New Zealand’s most innovative companies. The prestigious annual list, published by The Australian Financial Review, is based on a rigorous assessment process managed by Australia’s leading innovation consultancy, Inventium, in conjunction with a panel of industry expert judges. InLoop ranked #25 on the overall list, from over 1000 nominated organisations across Australia and New Zealand. The full Top 100 list can be viewed here. The assessment measures a top innovation implemented in the past twelve months. Specifically, the judges look at how valuable the problem is that the innovation is solving, the quality and uniqueness of the solution, […]
