OnMarket closes world’s most popular equity crowdfunding offer
Equity crowdfunding platform OnMarket has successfully closed the world’s most popular equity crowdfunding offer. Solar energy retailer DC Power Co. has crowdfunded close to $2.5mil from over 15,000 investors. DC Power Co. is “Australia’s first solar-focused energy retailer” which offers to optimise household solar systems to use less energy and earn more money. Equity crowdfunding is the new way for everyday investors, mums and dads, and the millennial generation to invest in early-stage and growth-stage businesses. Where traditionally, this capital raising space was dominated by wealthy individuals, venture capitalists and angel investors, now everyone is able to handpick a company, invest and gain a stake. OnMarket Managing Director Rosie Kennedy […]
Open banking will drive better customer deals and responsible lending outcomes for mortgages and credit cards
The first phase of Australia’s open banking regime should be designed to assist Australians get a better deal on mortgages and credit cards.
Fintech start-ups threaten mortgage broking old guard amid royal commission heat
The emergence of fintech disrupters to the lucrative mortgage broking industry is being driven by three key dynamics. First, banks pay $2 billion a year in commissions to mortgage brokers for the delivery of home loan borrowers – but want to pay less. Second, the Hayne royal commission is investigating whether current broker pay structures create conflicts of interest and exploring better ways to serve customers. Third, technology is making self-service easier, and “open banking” will put customers in control of their data, including all the information required to make a mortgage application. So enter the mortgage broking entrepreneurs and a bunch of start-ups ruffling the feathers of the powerful […]
Competition and profits see cryptocurrency exchanges get creative
How do you disrupt the disruptors? New exchanges are digging deep for a competitive edge. The ability to seamlessly cross borders is one of the consistent features of all cryptocurrencies, and the top exchanges tend to service customers from almost every country in the world. The biggest names each pick up a significant percentage of what might be a multi-trillion dollar market in coming years, and is already well into the multi-billions. Consider Coinbase for some perspective. It’s perhaps the USA’s biggest name in crypto, but its GDAX exchange is only the tenth largest by volume. Note that the trade volume figures should be taken with a grain of salt, […]
Fintech numbers causing a revolution
According to sources at disruptive Real Estate platform Next Address, the implementation of Fintech equity crowdfunding has sent their chatbots into overdrive with record enquiries and investors jumping on board. Julie O’Donohue, founder of the Australian company says it’s all about opportunity and empowering people. “People are loving the concept of helping us grow, investing directly with us from just $250 with a few perks that are making everyone smile. It has taken hard work by our entire team to make our platform the best, and now we are getting validation from everyday Aussies wanting to get on board. We made Next Address for the people, and now those very […]
The future of money relies on digital
by Carlo Lacota, Head of Banking and Financial Services, ANZ at Cognizant The era of digital disruption has brought new challenges involving security, privacy, and technology access. It is therefore imperative for financial services providers to take stock and consider how to deepen their customer relationships. The inability to capitalise on the opportunity that digital brings to attract and retain customers will increase churn velocity and further increase cost as customer retention costs far less than acquisition. Our relationship with money is broken A recent global study by Cognizant revealed that people’s relationship with money is broken, with over half of the study respondents saying money and […]
OpenMarkets adopts Bloomberg EMSX for Global Equity Liquidity and Execution Services
OpenMarkets has taken a crucial step to open up its platform to overseas investors after integrating with Bloomberg’s global multi-asset trading platform.
How Australia is becoming a cryptocurrency continent: Markets, Regulations and Plans
The very nature of cryptocurrencies dictate that regulation, control, and by extension, a centralized system, do not fit in with what they stand for. They are supposed to be totally decentralized, and therefore not dictated by many rules. This made a lot of sense when cryptocurrencies were not in the spotlight, and not a major factor on the world stage. However, as mainstream adoption has increased, and more individuals have entered the market, so has the interest from governments and regulators around the world. This has culminated with the G20 summit sitting down and discussing how to fit this decentralized financial system into today’s global society. However, one nation is […]
