Bentleys selects BGL’s CAS 360 and Simple Fund 360
BGL Corporate Solutions, Australia’s leading supplier of SMSF administration and ASIC corporate compliance solutions is pleased to announce that Bentleys Chartered Accountants & Business Advisors has chosen CAS 360 and Simple Fund 360 as their ASIC corporate compliance and SMSF administration. “We conducted an extensive review of all the products in the marketplace” said Robin Allardice, Director Bentley’s Tasmania, “And BGL were the clear technology leaders. BGL has been a long term software solution supplier to Bentleys. It is a brand we trust for its honesty and integrity but also its long term market leadership in technology and innovation”. “It’s great to have Bentley’s on board” says BGL Managing Director […]
There are now 17 million bitcoins in existence – only 4 million left to ‘mine’
More than 80 percent of the bitcoins that will ever exist have now been created. The 17 millionth bitcoin was “mined” Thursday, according to data from Blockchain.info, more than a year since the number of coins topped 16 million. But only 21 million bitcoins will ever exist, according to the design of the cryptocurrency’s anonymous founder known as “Satoshi Nakamoto.” “It’s an event that makes the market more aware of the scarcity of bitcoin. It will eventually turn into higher prices,” said Ansel Lindner, a bitcoin investor and host of the “Bitcoin & Markets” podcast. He expects this year, bitcoin could surpass its record high of more than $19,000 hit […]
How SelfWealth’s MD got his startup IPO-ready
Startups contemplating an IPO must have all their ducks in a row and be willing to get their hands dirty, says Andrew Ward, founder and managing director of recently-listed fintech company SelfWealth. Launched in 2012, the online, cloud-based share trading platform offers investors flat fee brokerage, regardless of the trade size, as well as access to SelfWealth PREMIUM, a social network where share portfolios can be compared and constructed. “In an Australia-first, we’re allowing users to leverage the power and wisdom of the crowd when making investment decisions,” Ward told Dynamic Business. “Being the first to market in this space has created a powerful barrier to entry for other competitors, […]
ASIC turns attention to initial coin offerings
As a method of raising funds. Initial coin offerings (ICOs) will be a “key focus” for Australia’s corporate watchdog as it looks to update guidance on companies considering raising funds by issuing digital coins or tokens. The Australian Securities and Investments Commission (ASIC) will expand the scope of its guidance in coming weeks to include more questions and details on ICOs, commissioner John Price flagged in a speech in Sydney. “We will highlight that Australian corporate and consumer law might apply – even if the ICO is created and offered from overseas,” Price said at a fintech event. “This is an important point given the international nature of this sector. […]
Citi partners with Apple Pay
Citi cardholders can now tap and pay with their Apple devices. Citi is the latest bank to jump on the Apple Pay bandwagon. From today, Citi credit card holders can use Apple Pay to make contactless payments with their smartphones or smartwatches. Citi is now one of the largest banks (as well as the likes of ANZ, American Express and HSBC) that has partnered with Apple Pay. Meanwhile, the rest of the Big Four (CommBank, NAB and Westpac) have yet to partner with Apple Pay as a result of disputes over access to the tech giant’s NFC in an attempt to run their own payment apps on iOS devices. Citi […]
Blockchain technology drives demand for skilled business and IT leaders
Less than 10 years ago very few people were aware of what cryptocurrency was, let alone understand the technology that was driving it, and now it’s an industry that is hurtling towards being valued at $400 billion internationally as new “cryptos” are launched each month. Bitcoin was the trailblazing cryptocurrency which was launched with little fanfare in 2009 and its rapid rise in popularity and price has spawned the birth of more than 1,500 similar businesses. Bitcoin is just one of many cryptocurrencies that is successfully utilising blockchain technology to disrupt nearly every industry that exists. Blockchain is a new technology that more and more web systems are now based […]
Six Park partners with Heffron to launch transparent, low-cost SMSF solution
Automated investment provider Six Park has today announced it has partnered with leading independent self-managed super fund (SMSF) administration provider Heffron to offer a transparent, low-cost, digitally driven, end-to-end SMSF service. The partnership allows SMSF trustees to establish an SMSF and take advantage of robo-advice for their fund, with Heffron managing the compliance and Six Park managing the investments. Six Park CEO, Patrick Garrett, said that while there will always be a place for traditional advice, the solution offers a unique value-for-money proposition for trustees and a lower prospective entry point to set up an SMSF. “Digital technology and automation are disrupting the wealth industry not because they’re new but […]
P2P lender’s growth due to consumer ‘rebellion’
Peer-to-peer lender RateSetter has attributed its recent rapid growth to consumers actively rebelling against the big banks. The company has just passed the milestones of 10,000 investors and $250million in loans and says it is thanks to the Royal Commission’s scrutiny of the four major lenders. Research amongst RateSetter’s investor base has found that long-term customers of the big four, particularly amongst generation X, are diverting millions of dollars away from their savings accounts and term deposits into longer term P2P investing. The amount invested by these investors has increased by 14% over the last 12 months, with average investment now sitting at close to $40,000. CEO of RateSetter Australia, […]
