Blockchain needs explanation before application
The future of blockchain lies beyond the financial sector but the full potential of distributed-ledger technology is unlikely to be unleashed until organisations understand that it’s not a silver bullet to every problem, experts have warned. Data 61 senior research consultant Rob Hanson says that amid the “Cambrian explosion of innovation” in distributed technology there’s a need to avoid mythmaking around blockchain. “The complexity of blockchain technology needs to be translated effectively,” Mr Hanson told The Australian. “It’s no silver bullet and we don’t have great definitions in place just yet.” The sentiment is shared by Nick Giurietto, CEO and managing director of the Australian Digital Currency & Commerce Association, […]
How this fintech startup is improving content marketing and lead generation
Financial marketplace startup, Neu.Capital, claims cost per acquisition has dropped by 60 per cent and content marketing quality has gone up after implementing an inbound marketing and sales platform. The company was formed in 2015, and provides an alternative capital marketplace for established mid-sized Australian and New Zealand companies looking to raise debt or equity of up to $100 million. The matchmaking service officially launched in August with six deals live in the platform, two to launch in coming weeks, then several more in January 2017. It also plans to launch in the UK in Q1 next year. Neu.Capital co-founder, Joshua Khoddami, told CMO lead generation activity had been going […]
Citi Unveils Global Digital Wallet: Citi Pay
Citibank announced the launch of Citi Pay, a new digital wallet that will provide Citi customers with a simple and fast option for online, in-app and in-store payment needs. Barry Rodrigues, Head of Global Digital Payments at Citi, said the company is uniquely positioned to accelerate payment innovation on a global scale. Citi Pay will be made available to Citi customers for online and in-app purchases. As a digital extension of their current card relationship, Citi customers will be able to make online and in-app purchases using the same Citibank online user ID and password that they currently use to manage their existing online relationship with Citi. The company is […]
Payment giants Ezidebit and eWAY join forces to launch the eWAY Accelerator
Ezidebit and eWAY are delivering another innovative product launching the eWAY Accelerator, a FinTech solution which challenges the banks in the market.
Bitcoin technology could ensure grain growers get paid
A NEW company is seeking a technological answer to one of the biggest problems facing grain farmers — delays in being paid. Full Profile, established last year by Emma Weston, Bob McKay and Ben Reid, is looking at technology used in bitcoin trading to make prompt payments to farmers when they deliver grain. Ms Weston said Full Profile started building a program around the technology, known as blockchain, in April and will test it in Dubbo with a grain delivery to Fletcher International in the next four or five weeks. Ms Weston said the aim was for grain growers to know if the trader had the funds to pay them […]
PayPal allows sending money by voice via Siri on iPhone
PayPal has announced you can send contacts money simply by asking Siri on your iPhone. You can now use commands such as “Hey, Siri, send John $20 using PayPal”. PayPal says the feature is available from now in 30 countries including Australia with the latest version of the PayPal app. “With so many P2P transactions happening during such a busy season, we’re excited to give our users an early holiday present,” PayPal says in a blogpost today. PayPal is not the first company to offer sending money by voice. Amazon lets you buy certain items from its store using its Amazon Echo home robot. However the robot is not officially […]
Australia Post’s digital future rises from disruption as it embraces blockchain
Australia Post has been talking up its identity expertise for months and will soon launch a new mobile digital identity platform that could be a vital element of secure digital commerce. The digital service will allow people to verify their identity in just a few minutes via smartphone using biometric data. The technology will be robust enough to allow individuals to apply for a passport or mortgage by mobile and could become a new growth business for the national utility. “How do I know you’re who you say you are if I’m dealing with you on the computer?” Australia Post chief executive Ahmed Fahour asks BOSS. “Solving this is one […]
Australia’s banks don’t fear FinTech threat
Australia’s major financial services providers are not worried about the threat posed by emerging financial technology (FinTech) players and believe FinTech will be positive for the industry overall. A survey of financial marketers conducted by Yell Creative found that 98% of marketers believe FinTech is a positive and just 32% think it is a threat. Yell managing director Nigel Roberts said the company predicts that Australian FinTechs will eventually be swallowed up by the larger, more established companies. “While there is a thriving FinTech community in Australia, we feel their impact will likely be more limited than in other global markets,” he said. “Australia has one of the strongest established […]
