ASX

Mar
06

Brokers want ASX blockchain to do more

Stockbrokers have told the Australian Securities Exchange that to justify the costs of moving to a new technology to replace CHESS, a broad range of “system enhancements” should be added to the project, including eliminating paper processes that manage corporate actions and the transfer of securities. The ASX published on Monday its response to months […]

By Reposted by Australian FinTech | ASX . Blockchain . FinTech
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Touchcorp, Afterpay merger worth $500m

Melbourne-based fintech start-up Afterpay has announced a proposed merger with Touchcorp, in a deal set to create a new ASX-listed software and payments firm valued at $500 million. Afterpay MD Nick Molnar said the two companies had been working together, and the proposed merger would help the combined entity rapidly scale into new markets and […]

By Reposted by Australian FinTech | ASX . FinTech . Investing . Payments . Venture Capital
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Feb
20

ASX targets ‘late 2017’ for blockchain decision

Ongoing negotiations with market participants about a potential blockchain replacement for the CHESS settlement system are likely to bear fruit later this year, says the ASX. Speaking at an ASX half-year result analyst briefing, chief executive Dominic Stevens said there is a high level of engagement in the post-trade sector about the proposed CHESS replacement. […]

By Reposted by Australian FinTech | ASX . Blockchain . FinTech
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Feb
15

Temenos announces proposal to acquire Rubik

Temenos (SIX: TEMN), the software specialist for banking and finance, today confirms that it has entered into a binding Scheme Implementation Deed to acquire Rubik Financial Limited (‘Rubik’), a leading software provider to the Financial Services sector in Australia, via a Scheme of Arrangement (“Scheme”). Founded in 2007, Rubik is a leading Australia–based, Australian Securities […]

By Reposted by Australian FinTech | ASX . FinTech
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Feb
13

Fintech disruptors hurting established players

As trends go, financial technology is a beauty. The prospect of nimble “fintech” ventures disrupting financial-service incumbents has whet investor appetites. An Australian fintech sector is rapidly emerging. Fintech has been a boom sector in the United States and United Kingdom as technology-based companies, with their capital-light business models, nibble at the market share of […]

By Reposted by Australian FinTech | ASX . Banking . FinTech . Insurance . Payments . Robo-Advice . Venture Capital
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Mint Payments successfully completes $6m placement

Payments technology solutions provider Mint Payments (ASX: MNW) has successfully completed a placement of new shares to drive its aggressive expansion into South East Asia’s evolving payments landscape.   The placement will be made pursuant to s708 (11) of the Corporations Act 2001, to raise $6.0M. Priced at $0.079 per share, the Placement represents a […]

By Australian FinTech | ASX . Insurance . Investing . Payments . Venture Capital
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Feb
09

Australian FinTech launches International FinTech platform

The team behind the highly successful AustralianFinTech.com.au, this week launch their International platform, InternationalFinTech.com, aimed at connecting the FinTech industry on a global scale. Founder and CEO, Cameron Dart, says International FinTech has been born on the back of the highly successful Australian FinTech platform and growing demand from the global community to have a […]

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Feb
09

Afterpay and Tyro announce SME payments partnership

Payments fintechs Afterpay and Tyro have struck a deal that will see Afterpay’s deferred payment product rolled out to thousands of small businesses using Tyro’s EFTPOS terminals, which compete against those offered by the big banks. The commercial partnership will allow Tyro, which gained a banking licence last year, to deepen its relationships by integrating […]

By Reposted by Australian FinTech | ASX . Banking . FinTech . Payments
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