Fintech start-ups must ‘unblock the chains that bind them’
Australia’s fintech start-ups will need to weather the blockchain “hype cycle” if they’re to survive, a panel at Melbourne’s Collab/Collide fintech summit determined. Emma Weston, chief executive of disruptive agriculture start-up Full Profile, which uses blockchain technology to eliminate risk and inefficiencies in the agricultural supply chain, said commercial use of the technology was still at a nascent level. “We’re finding lots of potential for blockchain, but what’s going to get us into the world, it’s got to be companies that are prepared to put resources behind something that is fairly uncertain, in a market that is fairly uncertain, in a world where a lot of the incumbents don’t want […]
EY FinTech Australia Census 2016
FinTech Australia and EY Sweeney release the most comprehensive analysis of Australia’s fintech ecosystem to date, the EY FinTech Australia Census 2016 FinTech Australia and EY Sweeney are today releasing the inaugural EY FinTech Australia Census 2016, the most comprehensive and detailed report on the Australian fintech industry to date. The research was formally launched in Melbourne today by EY’s Anita Kimber at FinTech Australia’s national summit, Collab/Collide 2016 in partnership with LaunchVic. This significant piece of research was commissioned by FinTech Australia as part of their efforts to foster a thriving fintech ecosystem in Australia. The report identifies important characteristics of the Australian fintech industry, and establishes a set […]
Fintech could be bigger than ATMs, PayPal, and Bitcoin combined
We’ve entered the most profound era of change for financial services companies since the 1970s brought us index mutual funds, discount brokers and ATMs. No firm is immune from the coming disruption and every company must have a strategy to harness the powerful advantages of the new financial technology (“fintech”) revolution. The battle already underway will create surprising winners and stunned losers among some of the most powerful names in the financial world: The most contentious conflicts (and partnerships) will be between startups that are completely reengineering decades-old practices, traditional power players who are furiously trying to adapt with their own innovations, and total disruption of established technology & processes: […]
6 Things You Should Do to Avoid Fake Bitcoin Wallet App Scams
It is now apparent that a fake wallet app is the newest Bitcoin theft risk you should score. You’ve probably heard that Apple Store and Google Play have very stringent app review processes. That they only allow apps that won’t harm you to access through their platforms. If that gave you a sense of security, I am sorry to tell you it is a false one. Members of the bitcoin community have just discovered about eight fake bitcoin wallet apps in the Apple Store. They were all imitations of some the most used Bitcoin wallet apps, including Coinbase, BreadWallet, BitGo, Armory and Green Address. If you, unfortunately, happened to download […]
Australia leads the way in revolutionary blockchain technology
Good news on the #Innovation front! Australia leads the way in developing international standards for blockchain technology. Neil Buckland explains this new technology predicted to revolutionise practically anything! Australia leads the way for incorporated blockchain technology Blockchain technology has been in the news a lot recently. Many industries are even predicting it could be the future for the way in which they operate. Australia has recently received the go-ahead to develop the international standards of the technology; a move which Standards Australia says will create better market confidence and certainty. So what exactly is blockchain technology and how could it aid businesses? Understanding blockchain technology Blockchain technology is most commonly […]
Banks to develop new digital cash unit for settlement
Four of the world’s biggest banks have teamed up to develop a new form of digital cash they believe will become an industry standard to clear and settle financial trades using blockchain, the technology underpinning bitcoin. UBS, the Swiss bank, pioneered the “utility settlement coin” and has now joined forces with Deutsche Bank, Santander and BNY Mellon – as well as the broker ICAP – to pitch the idea to central banks, aiming for its commercial launch by early 2018. The move is the first example of a group of leading banks coming together to co-operate on a specific blockchain technology to harness the power of decentralised computer networks and […]
The Pulse of Fintech
‘ The Pulse of Fintech ’ is a quarterly report created by KPMG along with KPMG Enterprise’s Global Network for Innovative Startups and CB Insights (the ‘go to’ name for insights related to venture capital investment) which launched on August 17th, 2016. The series analyses the latest global trends in venture capital investment data on the fintech sector. Given the significant interest in fintech globally, and its ongoing evolution in terms of market drivers, technologies and potential use-cases, KPMG and CB Insights are partnering to bring you the pulse on fintech investment globally. Each quarter, we’ll highlight key fintech deals, issues and challenges around the world, in addition to key […]
Perth firm claims to have created first Australian blockchain
Perth company Ledger Assets says it has created the first Australian blockchain and slashed the amount of energy used by the revolutionary technology. Blockchain technology underpins the bitcoin virtual currency and a worldwide race is on to find other uses in areas from stock exchange settlements and financial transactions to medical records and art, energy and wine trading. Ledger Assets’ blockchain is already supporting another Perth startup – Power Ledger – which is trialling peer-to-peer trading of surplus household solar power which has the potential to further disrupt the centralised power grid. Ledger Assets is also exploring further opportunities in the arts, medical records and insurance sectors using its pioneering […]
