InstaReM continues APAC expansion
InstaReM, a leading digital cross-border payments company, has announced its expansion into Malaysia at its launch press conference, further solidifying its presence in Asia Pacific (APAC). Headquartered in Singapore after an early start in Australia, InstaReM is one of the largest cross-border payments providers globally, with licenses in eight markets and covering 40 countries, reaching 3.2 billion people in developed and developing countries. It is consistently ranked by the World Bank as the lowest cost operator in a number of corridors in Asia. Individual and corporate customers in Malaysia will now be able to enjoy cost-effective and efficient cross-border money transfers to over 60 countries across the globe. […]
5 Aussie fintech firms that are shaking up the home loan business
by Richard Whitten, finder.com.au The home loan industry is about to change in many ways with these Aussie startups leading the way. The home loan market is a multi-billion dollar industry that hasn’t yet seen many of the same disruptions as other industries. But that’s about to change. Fintech companies boasting apps, algorithms, blockchains and automated platforms are all promising to make the process of buying a house easier and faster.Here are five Aussie fintech companies who are poised to shake up the home loan market. Tic:Toc Tic:Toc launched earlier this year with a headline grabbing promise: the 22-minute home loan (application that is, not your repayments). This startup’s promise […]
TrueProfile breakthrough in behavioural economics and profiling launches in Australia
Capital Preferences, a leading behavioural economics, decision science and financial technology business founded in the United States, announces the launch of TrueProfile.com.au – a SaaS behavioural profiling and portfolio assessment platform for Australian advisers. The award winning platform uses game theory and advanced economics to replace unscientific client risk questionnaires and data collection methods. TrueProfile is built on the reality that clients cannot accurately state their preferences for risk, they can only truly show you the risks they would be willing to take by making decisions. The client experience is gamified and reveals, in minutes, how customers behave when facing risk, spending choices and their goal priorities. Streamlining the acquisition […]
Fintech Stake launches Christmas gift cards for US shares
Forget movie or David Jones vouchers for Christmas — Aussies can now gift shares in some of the world’s largest companies, from Tesla to Amazon or Apple, to their loved ones. Stake, the Aussie shop for shares, today became the first company in Australia to offer gift cards for US company shares, allowing recipients to redeem them for US shares or Exchange-Traded Fund (industry jargon for leaving it to the experts) of their choice. After massive customer demand and a successful beta launch, the gift cards provide people with a viable alternative to socks and undies. And now the whole family can benefit too: Stake has also launched Stake Kids, […]
Bendigo Bank customers can now shop with Apple Pay
After battling with Apple earlier this year, Bendigo Bank has now partnered with all three major digital wallets. Bendigo Bank is the latest Australian institution to join the Apple Pay ranks. From today, Bendigo Bank Mastercard customers can use their iPhone, Apple Watch or iPad to make contactless payments. This means lighter wallets, faster transactions and even more secure payments. To link your Bendigo Bank credit or debit card with Apple Pay, you just need to open the Wallet app and tap the plus symbol in the upper-right corner. Then follow the prompts to enter your card’s security code to add your credit or debit card from your iTunes account. […]
Bitcoin is safe, sustainable and here to stay
“Tulips”, “Ponzi scheme”, “fraud”, “only used by criminals and drug dealers’” have been some of the descriptions of Bitcoin in the past few weeks. Whether or not “fake news” is driving the price, the mystique of Bitcoin is enhanced by the fact that its “true” value cannot be determined using traditional financial analytical techniques. That mystique, however, does not justify the gulf between the bad press and what the facts show. For instance, former ASX boss Elmer Funke Kupper’s imputation that Bitcoin is “trade in drugs and other illegal products” drew instant scorn from Marco Santori, a regulatory expert and adviser to the International Monetary Fund at Cooley, a New York law firm. […]
CanYa raised $3.7 million with 28 Days to go for their ICO
CanYaCoins have been on a much anticipated countdown, with both the cryptocurrency enthusiasts and the cryptocurrency confused watching closely. The Australian startup raised AUD$1.8 million (3660 ETH) in their pre-sale and has just launched their ICO. The initial coin offering went live on the 26th of November at 8.30 pm (AEDT/GMT+11), and all reports say it launched with a bang. The CanYa team have revealed they have raised over $3.7 million in total and with the recent launch of their ICO. With 28 days for contributions to continue, they hope to use them to grow their community and platform. ICOs have been extremely hot in the market, offering […]
VCs target Australian blockchain and cryptocurrency firms with $44m in funds
Start-ups with designs on making it big in the fast-growing world of blockchain and cryptocurrencies will be targeted by two new funds focusing on the Australian market, with almost $44 million to spend. Apollo Capital, founded by venture capital fund Dominent Venture Partners’ Domenic Carosa and Holger Arians and Wall Street veteran Henrik Andersson, is attempting to raise a minimum of $30 million and will specialise in crypto asset investments, which it defines as digital currencies, blockchain-based assets and initial coin offerings. At the same time an $80 million global blockchain development fund, NEM.io Foundation, is expanding to Australia, with its global director of partnerships and strategic alliances, Jason Lee, […]
