Advice dealer group, fintech align
Advisers licensed by Elders Financial Planning can now access Cashwerkz, a term deposit administration service and cash management platform. Advice clients can access current term deposit rates across a wide range of Australian banks and other authorised deposit-taking institutions. Elders advisers using Xplan can also benefit from a wide range of data feeds offered by Cashwerkz, enabling them to comprehensively measure asset allocation, cash exposure and liquidity levels. “We are very conscious of the need to continuously innovate throughout our organisation to counteract the increased levels of administration and myriad of challenges that advisers are currently facing and Cashwerkz will be a big help in creating these efficiencies for our […]
Afterpay is different from competitors, says co-founder
Afterpay has rejected rival Zip Pay’s call for industry-wide responsible lending checks, saying the government shouldn’t take a one-size-fits-all approach to the buy-now, pay-later sector. The rift comes ahead of Afterpay and Zip’s scheduled appearance before a Senate committee later this month in Brisbane where Young Rich listers, Zip’s Larry Diamond and Afterpay’s Nick Molnar, will give evidence. Zip’s co-founder Peter Gray said the buy-now, pay-later providers should comply with a limited version of responsible lending obligations, by verifying customers’ identity, income and credit history.But in a statement, Afterpay executive chairman and co-founder Anthony Eisen said there were “distinct differences” in the products offered in the buy-now, pay-later sector and […]
GoldFund.io announces first public cryptocurrency exchange to list the GFUN Token
GoldFund.io a commodity platform for Cryptocurrency and Gold today announces the first listing on a Cryptocurrency Exchange following its ICO ending on 31 January, 2019. p2pb2b.io is a Swiss based Cryptocurrency Exchange supporting major currency pairs with a total of 47 trading currencies. The primary features of the p2pb2b platform are: New Accounts: Newly created accounts have a 0 USD (or equivalent) withdrawal limit. Basic Accounts: Basic accounts can currently withdrawal 500 USD (or equivalent) per 24h. Enhanced Accounts: USD$100,000 (or equivalent) per day with two-factor enabled. Verification required. Multi-Language Support Support 24/7. English, Chinese (Mandarin), Japanese, Russian, Indonesian, Spanish, German, Korean The main distinguishing feature of p2pb2b is support […]
Top seven fintech business lenders compliant with new code of conduct
The seven largest online small business lenders have opened themselves to scrutiny by an independent oversight committee
Swiss company buys Australian-founded fintech vendor with KWM’s help
King & Wood Mallesons (KWM) has continued its work in Australia for a Swiss client with a US$245m deal. The global giant advised listed banking software company Temenos AG on its acquisition of Australian-founded Avoka. Headquartered in the US, Avoka provides a digital customer acquisition and on-boarding platform. It will be integrated into Temenos’ Digital Front Office product. The deal will be funded by cash and debt, KWM said. To read more, please click on the link below… Source: Swiss company buys Australian-founded fintech vendor with KWM’s help
California dreaming: Why Aussie fintechs are looking abroad
Peter Colbert believes Australia may be too small for the number of fintech companies it is producing. “There are only so many people in our country: 26 million, and that includes one year olds. What’s the real number of potential customers out there?” the founder of contactless payments company Inamo says. Inamo’s products include a waterproof plastic payments chip it promoted to Australia’s surfing and sports communities as an easy way of paying for anything without having to cart around a wallet. The business also developed a prototype for “Paywave sunglasses” with Visa back in 2016 and was focused on growing its base down under. But the game changed when […]
Where is the cryptocurrency industry headed in 2019?
To get a sense of just how troubling 2018 has been for the cryptocurrency industry, one need look no further than bitcoin (BTC). Heading into 2018, bitcoin traded for close to $13,500 after reaching an all-time high of $19,783.06 in December of 2017. At the time of writing, bitcoin is selling at $3,400, a loss of about three-quarters of its value — and other digital currencies aren’t faring much better. Ethereum, for example, fell from an early-year high of $1,300 to $91 as of Dec. 17, 2018. But cryptocurrencies like bitcoin and ethereum are hurting on more fronts than value alone. Investor interest in digital currencies has waned dramatically in […]
ASX says shock departure of blockchain guru won’t affect its rollout
The Australian Securities Exchange (ASX) said its plans to switch over to blockchain technology are on track despite the surprise departure of high profile chief executive Blythe Masters from its tech partner Digital Asset Holdings (DA). Ms Masters, the high-flying JPMorgan Chase executive who was part of the team credited with the creation of credit default swaps (CDS), has played a crucial role introducing the blockchain startup’s technology to the financial sector. Digital Asset said Ms Masters had stepped down for personal reasons but added she will remain involved with the company. DA chairman AG Gangadhar will act as interim CEO until a replacement is found. “Working as part of […]
