New Visa scheme requires ‘aggressive changes’ to help early-stage startups: Slingshot’s CEO
Unveiled this week, the Global Talent Scheme represents a softening of the Government’s stance on skilled immigration. Dynamic Business spoke with a cohort of business leaders from across the tech, recruitment and startup sectors to gauge whether they believe the 457 Visa replacement scheme will satisfy the needs of SMBs for highly-skilled foreign workers. Skills transfer Tim Bos, co-founder of ShareRing described the Global Talent Scheme as a great opportunity for his blockchain-powered sharing economy startup to engage highly-skilled global talent and have them play a role in upskilling junior staff, fresh out of university. He added, “An issue we face is in finding people with a lot of experience […]
Twitter CEO: Bitcoin will be the world’s ‘single currency’ in 10 years
Twitter and Square CEO Jack Dorsey apparently has big visions for bitcoin, commenting in a recent interview with The Times that he believes that the cryptocurrency will become the world’s single currency within 10 years. According to Dorsey, “The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin.” Dorsey went on to say that the transition would happen “probably over ten years, but it could go faster,” which seems like an extremely unrealistic projection, even considering cryptocurrency’s meteoric rise in popularity over the past few months. That Dorsey is a fan of bitcoin isn’t too surprising, though. […]
Aussie blockchain company Power Ledger is consulting with the ATO to shape how ICO proceeds are taxed
Australian crypto sector darling Power Ledger has revealed it’s in consultation with the Australian Taxation Office (ATO) to develop a proposition on how initial coin offerings (ICOs) should be treated in Australia. Power Ledger, which completed a $34 million ICO in October last year, has long been an advocate for heightened transparency and caution around operating a company in the notoriously unregulated cryptocurrency space. The startup’s efforts to deliberate with the ATO are a continuation of this, and co-founder Dave Martin hopes will get a clearer and better-defined outcome come tax time for not only Power Ledger, but both past and future Australian ICOs. “We’re trying to be as transparent […]
Moneycatcha uses blockchain to streamline mortgage applications
MoneyCatcha is using blockchain technology to make home loan applications quicker and cheaper. One of the most time consuming and costly processes banks go through is signing customers up to a mortgage. The full loan application process can take weeks and has a significant cost. Data is often captured and manually re-entered several times resulting in potential errors and a further waste of resources. As a highly competitive part of retail banking, and perhaps its most profitable activity, being able to differentiate from other banks is critical. Also, with increased scrutiny on loan documents as we’ve seen through the Royal Commission on banking, the need to be able prove the […]
How the Victorian Government is working to position the state as a global Fintech hub
As Fintech innovations continue to disrupt the financial industry, the state government of Victoria in Australia has been working pro-actively to foster a thriving Fintech ecosystem. It is seeking to ensure that Melbourne’s fintech sector reaches its full potential and continues to create jobs, businesses, technologies and exports. Last week, the Victorian Government led a delegation of Fintech companies to Singapore for Money 2020 Asia. During a Corporate Access day prior to the event, OpenGov spoke to Amelia Fyfield, Deputy Commissioner, Southeast Asia, at Trade and Investment Victoria and Alex Veale, Trade Specialist- Professional Services, Trade Victoria, under the Department of Economic Development, Jobs, Transport and Resources (DEDJTR), to learn […]
Growth, diversification, consolidation: AltFi Summit 2018 leaders offer their predictions
Fintech leaders from across the globe are converging for the AltFi Australasia Summit in April, to discuss the most urgent issues and trends impacting growth, diversification, and consolidation in the global alternative finance industry in 2018. Keynotes, panellists and sponsors will include alternative lending firms, digital banks, industry influencers and regulatory representatives, such as OnDeck, KPMG, Ratesetter, NowFinance, Equifax, Macquarie Capital, NAB, Moula, MoneyPlace, Credible, BGA Digital, Moneycatcha, Creditease, Othera, Liberty Home Loans, uno Home Loans, and FinTech Australia. It will be the third year the Summit has run in Sydney, amassing each yeah an ever-larger following of loyal attendees. Event owner, Glenn Hodgeman, believes momentum has built so strongly […]
How crypto currently looks in Australia
Australian crypto investors are like any others: long-term investors, short-term traders, and true believers who want currency beyond control of central banks. WHY ARE AUSTRALIANS BUYING CRYPTOCURRENCIES? Some are long-term investors, others are short-term traders, and some are true believers who want currency to be beyond the control of governments and central banks. All are hoping the value of Bitcoin (or their chosen asset) will appreciate over time as they become more readily accepted. WHY DO AUSTRALIANS NEED USE AUSTRALIAN EXCHANGES? Most people buy their first Bitcoin, Ethereum or other cryptocurrency using their day-to-day currency. If you hold Australian dollars and want to buy your first cryptocurrency, you need to […]
BDO implements Expensify internally to improve its receipt and expense management Process
After implementing Expensify for BDO clients as an ExpensifyApproved! Partner, the top 10 Australian accounting firm now adopts Expensify for its employees. Expensify, the most widely used expense software in the world, has been selected by BDO Australia to streamline its internal receipt tracking and expense management workflow. BDO moved away from two separate receipt tracking and expense approval systems, Receipt Bank and ApprovalMax, to centralise their entire process with Expensify. Company-wide rollout began earlier this month in BDO’s Adelaide office with 110 employees, and plans are under way to expand to BDO offices throughout the country. “As a partner in the ExpensifyApproved! Program, we’ve set up enough clients on […]
