Bit Trade gears up to launch Australia’s first currency-backed stablecoin in partnership with Emparta
Australia’s longest standing digital currency exchange, Bit Trade, has announced a partnership with blockchain company Emparta to design and launch the country’s first Australian Dollar-backed stablecoin. Stablecoins are digital currencies pegged to a reserve or stable asset such as fiat currency and are used for trading and exchange-related purposes. Commenting on the announcement, Bit Trade […]
The app increasing your super while you spend
A new phone app is helping people get big returns on their retirement savings, and Nine News has revealed how you can start earning NOW with as little as five dollars. A new app called Raiz is helping consumers use their spare change to boost retirement savings through an easy-to-manage investment account. And former financial […]
How is fintech regulated and have we got it right?
One of the big questions yet to be answered when it comes to fintech is: how do we effectively regulate the industry? Normally, banks, credit unions or any other company that lends money comes under Responsible Lending regulations, and any institution that accept deposits need to be on the government’s list of Authorised Deposit-taking Institutions […]
Affinity takes Scottish Pacific on first trip into the $4s
Affinity Equity Partners is offering more than $600 million for debtor finance company Scottish Pacific. Street Talk understands the private equity firm’s indicative bid values Scottish Pacific in the “mid to high $4s” a share range, and was made subject to due diligence, funding and the sorts of approvals usually seen when a buyout firm […]
iSignthis signs agreement with Prasos, Finland’s largest cryptocurrency platform
Australian Securities and Frankfurt Stock Exchange cross listed iSignthis Ltd (ASX: ISX |FRA: TA8), the leading payment and identity technology company, announces that it has signed an agreement with Prasos, Finland’s largest cryptocurrency service provider, for the provision of payment processing and identity verification services. Prasos received more than €140m in deposits for purchase of […]
Digital banking and neobanks
If all you’ve ever known is dollarmites and the big four, the idea of an online bank may seem a bit intimidating to you. But as banks roll out new app features and handy online services, the reliability of online banking grows, and makes room for digital banks and neobanks to emerge. If you’re curious […]
Sydney fintech Frollo scores $65,000 grant to take “Fitbit for finance” app to the next level, and reduce stress for Australians
Fintech startup Frollo has taken home a $65,000 grant from the MetLife Foundation, having been named best financial solution for low- to moderate-income Australians at MetLife’s Inclusion Plus competition for its gamified personal finance solution. Established in 2016, North Sydney-based Frollo is a personal finance app that uses gamified features to help users identify and […]
‘The clock is ticking for banks’: Morgan Stanley warns banks need to up their game before they get disrupted
Banks need to transform themselves or they’ll be left in the dust by new fintech companies, according to a new report. With fintech companies raising $58 billion globally in the first half of 2018, banks are feeling more pressure than ever to spend on their own technology. This is compounded by the fact that fintech […]
