New FinTech platform Ontoma set to foster cooperation between regulators, compliance professionals and financial advice licencees
Award-winning software company Dexterous Pro partners with leading financial experts Lifewealth Group to launch the robust financial services platform Ontoma, to provide a FinTech solution for Australia’s financial advice licensees and their Future of Financial Advice obligations (FoFA). Ontoma is the first software response to relieve the compliance burden following the Royal Commission recommendations that […]
Australia’s Consumer Data Right to open banking
by Doug Morris, CEO, Sharesight In collaboration with Fintech Australia, Sharesight has officially endorsed a submission on the Treasury Laws Amendment (Consumer Data Right) Bill 2019 that seeks to create the Consumer Data Right (CDR) with an amendment to the Competition and Consumer Act 2010. The Consumer Data Right (CDR) will mandate that banks and […]
Melbourne commuters will soon be able to ditch their Myki and use their mobiles instead
Melbourne commuters will be able to ditch their Myki and use their Android smartphones to pay for public transport starting Thursday, but users of Australia’s most popular smartphone, the iPhone, are going to have to wait. Android users will be able to use Google Pay to handle their public transport expenses with a minimum top-up […]
Australian fintech Airwallex confirmed as latest fintech unicorn following Series C fundraising
Airwallex confirms unicorn status following a successful Series C fundraising round of $100m USD, valuing the company at over $1bn USD. Founded in Melbourne in 2015, Australian fintech Airwallex has grown from an emerging start-up to a global challenger in the crossborder payment space, supporting a client base of internet titans including JD.com, Tencent and […]
Apple Card is a credit card you can sign up for and start using with your iPhone
Apple’s getting into the credit card business with Apple Card, a new way to pay if you own an iPhone. It’s a credit card directly from Apple housed in the Wallet app, with no fees, lower interest rates, cash rewards, while also being private and secure. The announcement comes from the company’s event in Cupertino, […]
Paid By Coins stepping towards global expansion
Mobecom Limited (ASX: MBM) is a technology company with a product portfolio that provides customer engagement technology solutions using mobile application online as well as through the social media across a number of industries. It provides liquidity for digital assets majorly through airBux and Paid By Coins. The company announced that it is actively expanding […]
Gifto is the platform token of InfiniteX, a next-generation mass market fiat exchange
Gifto is now the platform token of InfiniteX, an Australia-based fiat-to-crypto exchange that operates as a secure and accessible gateway for mainstream global users. InfiniteX allows traders to directly purchase cryptocurrencies with the Australian dollar (AUD), one of the few free-floating currencies in the Asia-Pacific region, meaning that users from all over the world can […]
Borrowers switch to P2P lending for home loans
The irresponsible lending practices uncovered by the year-long inquiry by the Royal Commission on big banks seemed to have pushed borrowers to alternative lending providers, the CEO of peer-to-peer loan provider SocietyOne said. SocietyOne’s Mark Jones told Yahoo Finance that peer-to-peer loans have already gained traction in the industry. In fact, figures from the Australian […]
