Macrovue launches its 5G technology investment portfolio
Leading fintech Macrovue announces the launch of its new investment portfolio built around the next phase of the wireless revolution – 5G technology. The 5G technology portfolio – known as a Vue, presents significant investment opportunities as it represents a technological paradigm shift, akin to the move from typewriter to the computer. 5G is more complex than any connectivity technology that came before it – delivering scalability and capability to allow the efficient operation of autonomous cars, smart-cities, huge advances in healthcare, and more sophisticated industrial automation. 5G will enable the connectivity of 25 billion Internet of Thing devices and more than 300,000 level three and four autonomous vehicles which are estimated to be […]
Moneysoft makes client engagement more compelling with its new user interface
Moneysoft has re-launched its client engagement and financial wellbeing platform with a more intuitive and streamlined user interface that cuts the time it takes professionals to analyse their clients’ key financial data. The launch follows a 12-month research and design process including extensive interviews and testing with a range of financial professionals who use Moneysoft’s personal financial management tool. Founder and Managing Director, Peter Malekas, said that seeking feedback is central to Moneysoft’s ethos of ongoing product and customer service improvement. “We encourage our users to tell us the features they’d like to see next, so that we can focus on making improvements that deliver the biggest impact to their […]
Chatbots just the beginning for AI in banking
Over the two years since professional Go player Lee Sedol was defeated by AlphaGo, a computer program created by Google’s DeepMind, artificial intelligence (AI) has continued its rapid march. Technology systems using machine learning are controlling distribution centres, monitoring energy systems and diagnosing serious medical conditions. Voice-activated digital assistants being rolled out by tech giants are powered by natural language processing, an area of AI. The banking sector is also accelerating its adoption of AI. Over the past year, many experiments have moved into production. The technology is being used to deliver personalised banking experiences to customers and helping bank staff make better decisions. An initial AI deployment in banking […]
CXi Software selected as 2018 Startup Innovation Firm of the Year
CXi Software announces their selection as 2018 Startup Innovation Firm of the Year (Australasia) by the Finance Monthly FinTech Awards. “We are delighted to have been recognized by Finance Monthly as the Startup Innovation Firm of the Year (Australasia)” says Séamus Ó Concheanainn, CEO of CXi Software. “It is a testament to the hard work and commitment from our development team, and our sales and marketing. 2017 was a breakthrough year for CXi Software as we transitioned from research & development to a commercially available platform and live, happy clients.” “We are proud to be recognised by industry experts who value the blood, sweat and tears involved in designing and […]
Broker raises money through crowdfunding
Mortgage startup Hero Broker has begun a crowd-sourced funding campaign following the recent fundraising success of digital lender Xinja. It is the only mortgage company so far that has tried to raise funds through crowd-sourced funding since ASIC licensed seven companies in January to provide CSF services. Founder Clint Howen told Australian Broker that the company will use the funds to strengthen its business and accelerate growth. “We have hit a chord with particular demographic segments that are not being served by current broker groups, and we believe there’s a huge opportunity there.” The platform launched last year promising borrowers access to the complete home loan application process. Howen said […]
Micro-investing apps creating electronic piggybanks for the tap-and-go age
Small change used to go into people’s piggybanks, building cents into dollars. But in the tap-and-go age, micro-investing may be the answer. “They’ve been able to match smart technology within regulatory innovation to allow people to invest literally small change,” financial planner Catherine Robson said. With no paper bankbook and no plastic card, apps controlled entirely on smartphones like Acorns and First Step are lowering the bar for investing in the stock market. While First Step has recently launched, Acorns has $160 million under investment for 140,000 clients. With an average holding of just over $1,100, its client base is much younger than the major banks. “Millennials are definitely more […]
Shining a spotlight on Australian digital currency tax laws
It comes without much surprise that taxation offices around the world are having to keep up with the growing trend of cryptocurrency and the tax implications that follow, writes Janya Eighani. Digital currency under Australian taxation law is a relatively new concept, and as it gains momentum, it is vital for cryptocurrency traders to keep up with regulations set out by the Australian Taxation Office (ATO). The situation in Australia Since the ATO released the Convenient Guidance Paper, the position stands that bitcoin and most cryptocurrencies are a form of property and are taxable. The ATO recently commented on the taxable nature of bitcoin, saying: “Any financial gains made from […]
More than 1,200 newsagents to offer Bitcoin, Ethereum buying service
From today Australians will be able to purchase Bitcoin and Ethereum in-store from more than 1,200 newsagents around the country. With a minimum purchase of $50, all customers need to purchase the digital currency is cash, a phone number and an email address. The service is being provided by cryptocurrency exchange bitcoin.com.au, which has been rolling out in-store Bitcoin buying infrastructure since the middle of 2016. Bitcoin.com.au CEO Rupert Hackett said the primary challenge of selling cryptocurrency within a physical retail store was gaining the trust of consumers. “When your product is totally digital it can be hard to gain trust from consumers because there’s no tangible product being handed […]
