ETF Securities says ROBO ETF surpasses $100m as investors embrace global opportunities
ETF Securities Australia today announced that ETFS ROBO Global Robotics and Automation ETF (ASX code: ROBO) has achieved inflows of $100 million since its launch in September last year. This is the fastest growth of any ETF offered by ETF Securities since its founder and Australian philanthropist Graham Tuckwell launched the world-first GOLD product in 2003. ROBO is the first exchange traded fund in Australia to provide investors with access to global companies focusing on robotics, automation and artificial intelligence (AI) technologies. It represents a partnership between ETF Securities Australia and US-based specialist robotics and automation index and research provider ROBO Global, tracking the ROBO Global Robotics and Automation Index. […]
Automated advice to help Australians’ money grow
Cotton farmer George Stacey grows crops for a living and he’s also focused on watching his finances flourish. A long way from the hustle and bustle of city life, the 24-year-old works on a 97,000 hectare farm in Goondiwindi, 300km southwest of Brisbane, and said he loves investing in companies all over the world “from my couch in remote western Queensland.” Following in his father’s footsteps of investing, Mr Stacey said “ever since I was a young kid when the finance news would come I had a bit of an interest in it and my dad invested in a share portfolio”. “When I went out west and I started to […]
Fintechs tell Labor a credit report delay will entrench bank power
Labor’s push to delay a law requiring the major banks to put more customer data into credit reports will entrench the big four’s market dominance and keep the cost of personal loans unnecessarily high, five of the nation’s leading marketplace lenders have said. In a letter to shadow treasurer Chris Bowen, the CEOs of SocietyOne, RateSetter, MoneyPlace, Harmoney and WISR said a further delay to mandating big bank participation in the ‘comprehensive credit reporting’ (CCR) regime will “continue to entrench a fundamental competitive imbalance between the big four and other lenders”. The letter is a response to Mr Bowen’s move last week to call for a delay to CCR by […]
The Finnies. The Winners!
Congratulations to the 2018 Finnie Awards Finalists and Winners! FinTech Organisation of the Year WINNER: Afterpay FINALISTS: ● Afterpay ● Avoka ● BRICKX ● Class Limited ● Cover Genius ● Flamingo AI ● Invoice2Go ● MoneyPlace ● OnMarket ● Prospa ● RateSetter Australia ● SocietyOne ● Stockspot Emerging FinTech Organisation of the Year (company must be <2 years old) WINNER: Civic Ledger FINALISTS: ● Civic Ledger ● Finch ● InDebted ● LanternPay ● Link4 ● Longevity App ● Look Who’s Charging ● Medipass ● Till Payments ● TIQK ● TravelbyBit Outstanding FinTech Leader of the Year (can be from any field) WINNER: Katherine McConnell – Founder and CEO, Brighte FINALISTS: […]
Alibaba moves to transform Australian fintech
Alibaba Group’s innovative facial recognition, artificial intelligence and data analytics technology is coming to Australia’s financial services sector, under a partnership with local technology group TAS. The landmark deal between TAS and Alibaba’s cloud computing arm, Alibaba Cloud, will provide Australian businesses with the opportunity to access cutting edge cloud computing and data centre services. TAS and Alibaba will also develop a joint innovation centre in Australia under the deal, to develop and tailor new technologies and services for the Australian market. TAS has been providing technology solutions in Australia’s financial sector for nearly three decades, servicing about 60 institutions with cloud solutions for internet and mobile banking, internal systems […]
Bitcoin’s collapse is raising suspicions about price manipulation
Bitcoin extended losses, bringing its four-session slide to as much as 20 per cent, as questions mount about whether the world’s biggest cryptocurrency was manipulated during last year’s record price surge. After rallying more than 1,400 per cent in 2017 amid an investor frenzy for digital assets, Bitcoin is down almost 70 per cent to around $US6,325 as of 2:52 a.m. in New York, from its record high of $US19,511 set in December. It traded at a few cents after being launched in 2009. “Things have changed for Bitcoin and the crypto space,” said Craig Erlam, senior market analyst at online trading firm Oanda Corp. in London. “There doesn’t seem […]
Australian fintech and cyber companies explore global opportunities
The programme will bring together the UK and Australian fintech and cyber ecosystems to share best practice, knowledge and encourage long lasting connections and partnerships between the UK and Australia. The UK Department for International Trade (DIT) is supporting the Australian British Chamber of Commerce’s ‘Australian British Fintech Cyber Catalyst (ABFCC) which takes place in London in early July 2018. A 60 strong delegation of Australian fintech and cyber businesses, along with technology experts, financiers, government representatives and innovators, will journey to the UK. The programme will bring together the UK and Australian fintech and cyber ecosystems to share best practice, knowledge and encourage long lasting connections and partnerships between […]
Piper Alderman to help shape Australia’s blockchain future
Piper Alderman is doubling down on opportunities brought about by blockchain technology. The firm has partnered with Australian technology innovator, Lakeba Group, to tackle the adoption and commercialisation of blockchain technology both in Australia and around the world. Under the partnership, Lakeba will work with the national firm’s lawyers to handle the legal implications of implementing blockchain and cryptocurrency solutions for clients and prospects. Lakeba is one of the first Australian companies to have live commercial blockchain pilots in a range of sectors. The alliance will not only facilitate reciprocal introductions, but ultimately boost the Australian market’s reputation in innovation, Piper Alderman said. “Lakeba is one of the first to […]
