Gobbill and AAT sign collaboration agreement to provide automation and fraud checking technology to bookkeepers and their clients
Bill payment automation company Gobbill today announced that it has signed a collaboration agreement with the Association of Accounting Technicians (AAT) Australia. Gobbill and the AAT will work together to help support bookkeepers and accounting technicians with cutting edge technology. “The spike in online fraud combined with the convenience of new automation technologies are the two key factors why many people need Gobbill,” said Shendon Ewans, CEO and co-founder of Gobbill. “Our collaboration with the AAT spans many initiatives but crucially bring awareness to the Australian industry of what is occurring and how they can address some of the issues.” According to ACCC’s ScamWatch, false billing alone has increased by […]
PlayChip listing confirmed on Independent Reserve
The PlayChip Foundation has announced the listing of its PlayChip token on Independent Reserve, Australia’s first regulated cryptocurrency exchange. PlayChip will be the first Australian ERC20 token and first gaming token to be listed on Independent Reserve. The token will be paired with three fiat currencies – AUD, USD and NZD, allowing for users of the PlayChip to convert directly from the token into cash following the winning and withdrawal of tokens. The listing has been scheduled for January 2019, with a firm date to be announced prior to the end of this year. The PlayChip will serve as a utility token at the core of an online gaming ecosystem […]
BGL adds Multi-Factor Authentication to CAS 360 and Simple Fund 360
BGL Corporate Solutions, Australia’s leading supplier of SMSF administration and ASIC corporate compliance solutions, announce the release of Multi-Factor Authentication in its market leading CAS 360 and Simple Fund 360 solutions. “Keeping our client’s data safe is a top priority at BGL”, says BGL’s Managing Director, Ron Lesh. “MFA is the second step in our security upgrade. Over the past few weeks we have also encrypted both the CAS 360 and Simple Fund 360 databases.” “Multi-Factor Authentication (MFA) means our clients will need 3 pieces of information to log into our applications” explained Lesh “Client’s will need Username, Password and a unique code sent by SMS to their cell phone […]
Millennials seeking financial advice from millennials
Younger people are shunning their parents and older professionals when it comes to getting guidance on all things financial, a new study has shown. Instead, the research from consumer advocacy group Adviser Ratings has found millennials are seeking other members of their generation to give them a helping hand. “They want to find advisers who have similar goals and life experiences… someone who understands that they’re not looking for the same conventional advice their parents got,” Adviser Ratings CEO Mark Hoven told Your Money Live. “It’s a lot more about lifestyle.” That’s partly because advice tailored to older generations isn’t as applicable to those in an earlier life stage. “It’s a fact that […]
ATO eyes cryptocurrency activity in annual tax returns
The Tax Office has restated warnings to Australians trading cryptocurrency to declare profits in their annual returns, amid an increase in questions about reporting requirements. Bitcoin and other cryptocurrencies are considered property, not currency, for tax purposes in Australia, making them liable for capital gains tax when sold for a profit after July 2017. If the cryptocurrency is held by an Australian resident taxpayer for more than 12 months before being sold or used, the taxpayer may be eligible for the 50 per cent capital gains tax discount, making them a cryptocurrency “investor”. Exemptions for personal use apply, including to assets worth less than $10,000, which are maintained for personal […]
Aleksandar Svetski, CEO of digital currency exchange Amber: “I’m usually wrong a lot but when I’m right, I’m very right”
We all want to be millionaires, so what exactly are the three, simple steps to becoming a millionaire? Aleksandar Svetski, CEO of Amber says, there are none. Aleks is Co Founder and CEO at AMBER; Australia’s first app, to combine a digital currency exchange, wallet, and round ups, allowing anyone to swap the spare change from their every-day transactions into Bitcoin – on auto-pilot. Aleks told himself that he would be a millionaire by the age of 20. Was he a millionaire by this age? Not quite. With HSC results in the top 1% of the State, Aleks was granted early entry and a Scholarship to the University of Wollongong. […]
How businesses will pivot AI strategies to align with human-centric goals
Trends like Digital Transformation, Internet of Things, Blockchain and Artificial Intelligence have beset the tech and finance industries for some time now. But what was now yesterday’s buzzwords will be tomorrow’s reality. The question is, how will these buzzwords evolve into real solutions in 2019? Jayajyoti (JJ) Sengupta, Head of APAC, Cognizant shared his thoughts on the above topics and how they will change in 2019. 1. Businesses will pivot AI strategies to align with human-centric goals: The majority (92%) of executives see AI playing an important role in their business within the next three years, according to a recent Cognizant study. But in 2019, the implementation of AI will […]
Teens are putting ‘Fortnite’ virtual money ‘V-Bucks’ at the top of their holiday wish lists
If you’re unsure what to get the young teen in your life for the holidays, you may want to put away the gift cards and cash in favour of spending money for the ever-popular video game “Fortnite.” A survey of thousands of teens found that, for the first time, one of their most-requested gifts for this holiday season are “V-Bucks,” the virtual in-game currency used in “Fortnite: Battle Royale.” The annual report on teens’ holiday wish lists, from analyst firm Piper Jaffray, also saw another newcomer – cryptocurrency, the “money of the future.” “Fortnite,” a multiplayer-last-man-standing type game, has exponentially grown in popularity since its Battle Royale mode launched in […]
