FinTech

Nov
10

OzForex underlying profit up 12 per cent

Remittance company OzForex has reported a rise of 12 per cent in half-year underlying profit to $12.3 million and a 30 per cent rise in revenue to $58 million. But its statutory earnings fell 6 per cent to $11.2 million due to one off costs. These included the cost of rebranding to a new name, […]

By Australian FinTech | FinTech
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Fintech and loathing in Las Vegas: PromisePay’s journey to the world’s biggest fintech show

Money20/20 is the hottest fintech event on the planet. Since launching in 2012 it has grown more than 500% to become the veritable ‘Burning Man’ of financial services and payments, where the world’s biggest players and startups collide on the edge of the Nevada desert. For three days Las Vegas is transformed into “Fin City” […]

By Australian FinTech | FinTech . Payments
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Nov
09

Cryptocurrencies: what to study until there’s a ‘bachelor of bitcoin’

Joel Emery’s passion is cryptocurrencies, IT and tax law. It’s dense stuff, but despite a recent senate inquiry, legal treatment of new financial technologies is in its infancy so Emery’s Bachelor of Laws honours thesis at ANU is in some ways ahead of the regulators. Bitcoin emerged in 2008 as the first decentralised cryptocurrency, a […]

By Australian FinTech | Bitcoin . FinTech
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Nov
06

ASIC’s Greg Medcraft says ‘robo advice’ can reduce fees and conflicts

Australian Securities and Investments Commission chairman Greg Medcraft says computer-generated financial advice, or “robo advice” could slash investment costs and eliminate conflicts of interest in the maligned financial planning industry. ASIC has established a “robo-advice taskforce”, which is investigating the suitability of potential entrants, who use computer algorithms to match investors with suitable assets at […]

By Australian FinTech | FinTech . Robo-Advice
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Nov
05

Qantas, GetCapital in deal to reward borrowers

Qantas has joined a growing number of global companies opening their arms to partnerships with new financial technology companies, linking up with small business online lender GetCapital. Unveiling the agreement with Qantas’s Aquire business rewards program, GetCapital chief Jamie Osborn said the deal was another example of the growing interest from big companies in “fintech” […]

By Australian FinTech | Borrowing . FinTech
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Nov
04

MoneyPlace second Aussie P2P lender for mums and dads

Melbourne start-up MoneyPlace became the second Australian peer-to-peer lender to open its virtual doors to mum and dad investors on Monday. The company, led by former NAB banker Stuart Stoyan and backed by Westpac’s former head of retail banking Rob Coombe, provides a platform for investors to make personal loans. Borrowers can get loans of […]

By Australian FinTech | Borrowing . FinTech . Peer-to-Peer
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Nov
04

Invoice2go gets $15M to compete more directly with Square and PayPal

Since 2002, Invoice2go has provided small businesses with one tool—a simple way to create an invoice and send it to clients. Now, with $15 million in new funding, the company is preparing to expand more deeply into the small business product territory. Today, Invoice2go is partnering with Stripe to allow invoice recipients to pay their […]

By Australian FinTech | FinTech . Payments
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Nov
04

Fishburners will host a fintech hackathon in November

Startup Space Fishburners will play host to a fintech hackathon sponsored by the National Australia Bank. Teams will have the weekend starting November the 27th to find a solution to two challenges: What will the management of money look like in 2020? Using the data, digital channels, platforms and partnerships which power NAB’s existing financial […]

By Australian FinTech | FinTech
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