Women in senior leadership given the nod of approval
Award-winning Nod confirms its next major hire on their executive team will be a woman. Nod developed a patent pending algorithm that utilises AI to create real-time Statement of Advice for Financial Advisors and Accountants and today confirms they have appointed Kathryn Sforcina, an accomplished serial entrepreneur in her own right, as Head of Growth. Kathryn will bring the number of women on the Senior Leadership team up to 50% making Nod one of the few technology companies in Australia, if not the world, to have such a high representation of women in a senior leadership capacity. Joel Robbie, CEO, says the decision to actively seek true parity within their […]
Buzzing trend of Australian FinTech – ASX intends blockchain setup for settlements
There has been a five-fold rapid surge in the number of FinTech startups in Australia over the past 5 years and the sub-sectors encompassed have become more diverse, as per the reports of KPMG. Investment in the Australian FinTech sector has risen remarkably as the Australian FinTech ecosystem is becoming increasingly diverse. It is reported that on the successful launch of the world’s first blockchain-based fixed income product. The World Bank, Commonwealth Bank of Australia (CBA), and other investors made the initiative possible, which stemmed in the bond-i raising more than $80 million. While Australian Government’s 2018-19 budget has allocated $530,000 for blockchain research under the Digital transformation Agency (DTA) […]
IRESS launches its next-generation client portal to meet core client servicing needs
Financial technology business IRESS today announces the launch of its next-generation client portal with a clear focus on engagement. The new client portal, available now through IRESS’ market-leading financial software solution XPLAN, provides a contemporary, simple to use, front-end solution for businesses to engage their clients in a range of services digitally. IRESS product executive, Emily Chen said, “Today’s financial services businesses, including advice businesses, need to deliver a professional and personalised digital experience to their clients, offering an accurate perspective of their investments and financial life. Our new client portal provides a secure and straight-forward way for clients and financial professionals to engage and communicate with each other 24/7 […]
Novatti to become an AUD Utility Token Anchor on the Stellar Network
ASX-listed Novatti Group Limited announce that it will launch the Novatti AUD Utility Token, the first Australian Dollar-Backed Utility Token. As an Anchor for the Stellar Network, consumers and institutions will be able to use the Novatti platform to instantly accept and settle payments in AUD, as well as easily access foreign exchanges via a lightning-fast global network. The Novatti AUD Utility Token, a token on the Stellar Network is one-to-one backed by the Australian dollar (AUD). Held in trust by Novatti, one Novatti AUD Utility Token will always be equivalent to one Australian dollar. With the Novatti AUD Utility Token, consumers and institutions, once KYC’d, will be able to […]
Fintechs, Koch clash over branding
Personal finance brand-cum-TV commentator David Koch had some advice for today’s fintech leaders. They didn’t all agree with it. Koch, who launched Money Magazine, moderated a panel of seven speakers at a fintech event on Tuesday in Sydney. There, he commented that a big problem the financial technology industry is facing right now is that the consumer does not see another human being they can trust. “I’m not suggesting the Gerry Harvey or the John Symond model,” Koch continued, “but none of you put yourself up in the market [as if to say to clients that] there is a living human being looking after your interests in running the platform. […]
No need for national digital dollars: RBA
The Reserve Bank of Australia and a global investment bank say the speed of payments innovation will fend off any threat from cryptocurrencies, and creating digitised versions of central bank money will make bank runs much more likely during a crisis. After last year’s speculative bitcoin bubble, the potential for the Australian central bank to issue digital dollars to allow money to move through distributed ledgers is fading. RBA assistant governor Michelle Bullock told a global audience at Sibos that while it’s still open to considering wholesale applications for a digital Australian dollar, it hasn’t yet been convinced of the need to create one, and the RBA does not want […]
2018 AFR Young Rich List: Emily Skye backs Millennial bank start-up
Fitness star and Young Rich Lister Emily Skye may have built a small fortune but that doesn’t mean she’s good with money. “I’ve never really known what’s going on with money, I mean I love to spend it but I’m not able to track it and really be responsible for it,” Ms Skye said. Ms Skye rockets up the 2018 Financial Review Young Rich List with an estimated worth of $36 million, reflecting growth in her online fitness business that attracted an undisclosed investment from Quadrant Private Equity this year. As she continues to build the fitness business, including releasing the first app for her FIT program this year, Ms […]
The Fintech100 – announcing the world’s leading fintech innovators for 2018
The 2018 Fintech100 was announced today, highlighting dynamic fintechs from around the world that are transforming the financial services industry, from digital payments and lending, to insurtech, to neo-banking, as they attract investment at a record pace. The 2018 Fintech100 is the fifth edition of the annual report, a collaboration between fintech investment firm H2 Ventures and KPMG Fintech. The Fintech 100 includes the ‘Leading 50’ fintech firms around the globe, ranked based on innovation, capital raising activity, size and reach; and the ‘Emerging 50’, exciting new fintechs that are at the forefront of innovative technologies and practices and are often pursuing new business models. Key highlights from the 2018 […]
