Here’s how innovation has transformed banking and lending
The effects of technology and the disruptions technology make, manifests itself in clearly perceivable ways. This is very evident in many sectors – in a short span (just eighteen months after its release) Google Maps had knocked out GPS navigation device makers and Amazon and Taobao (Alibaba) have disrupted how consumers shop for goods by moving them to online from offline (O2O). Enterprises are worried about being Uber-ed or Airbnb-ed as new age companies are challenging traditional ways of doing business. Banking and Lending space have also gone through an amazing level of rapid innovation and disruption starting at the turn on the new millennium. Traditional banking monoliths can no […]
World Bank appoints CBA for first bond deal on blockchain
The World Bank has turned to Commonwealth Bank of Australia to issue a bond using blockchain technology, in a deal that suggests a more transparent and lower-cost process for debt capital issuance is just around the corner. Reflecting its antipodean roots, the innovative security is being referred to as a ‘bond-i’ (blockchain offered new debt instrument). The World Bank says it is a world first for using blockchain to create, allocate, transfer ownership and manage a live bond deal. Commonwealth Bank has been appointed sole lead arranger for the ‘Kangaroo bond’ offer, which will launch on Friday and could raise around $50 million, part of the World Bank’s global funding […]
Australia buzzes again with 1st solar-powered bitcoin mining setup
The investment in the Australian FinTech sector has risen remarkably as the Australian FinTech ecosystem is becoming increasingly diverse. We already stated in our recent post that Fred Schebesta, the co-founder of one of Australia’s largest tech stories (Finder) has publicized their upcoming “multibillion-dollar” project plans to establish the “first crypto bank of Australia”. Now, the latest edition is that Australian Ben Tan, the co-founder of Hadouken Pty Ltd, intends to set up 1st 20-Megawatt Solar Farm in Collie which is geographically located in Western Australia to power a Bitcoin mining operation. Reports indicated that the submission has been approved and granted states authorities. The new facility is being developed by data […]
InLoop has made the 2018 AFR Most Innovative Companies List
InLoop Group was honoured to be recognised as one of Australia and New Zealand’s most innovative companies. The prestigious annual list, published by The Australian Financial Review, is based on a rigorous assessment process managed by Australia’s leading innovation consultancy, Inventium, in conjunction with a panel of industry expert judges. InLoop ranked #25 on the overall list, from over 1000 nominated organisations across Australia and New Zealand. The full Top 100 list can be viewed here. The assessment measures a top innovation implemented in the past twelve months. Specifically, the judges look at how valuable the problem is that the innovation is solving, the quality and uniqueness of the solution, […]
Raiz chooses Versive’s AI-powered cybersecurity solution to strengthen financial security and compliance
Versive, Inc., an award-winning AI-based cybersecurity company based in Seattle, U.S, today announced that Raiz Invest, a mobile first micro-investment platform based in Australia, is using the Versive Security Engine (VSE) to help protect sensitive customer data and comply with financial regulations. Raiz provides customers an easy way to regularly invest either small or large amounts in one of six portfolios of varying risk levels. The company has 164,000 active customers in Australia, and approximately $200 million in funds under management, growing at over 20 percent each quarter. As a fast-growing financial company, Raiz wanted to increase its level of security. The company already offers bank-level security to consumers through […]
UNSW team launching the ‘Spotify of the fintech world’
Investors daunted by the stockmarket will soon be able to choose investment options in the same way as songlists, says a UNSW team of entrepreneurs. It could be music to many young investors’ ears to hear that two UNSW students have co-founded ‘the Spotify of the fintech world’ – making the stock market accessible to aspiring investors.’ Recent UNSW graduate Hayden Smith (B. Computer Science) and current final year student Kurt Walkom, along with Nick Nicolaides, are the brains behind Pearler Investments. The investing platform is essentially an app that suggests investment opportunities in ready-made portfolios, in the same way that Spotify playlists suggest music. The trio at the company […]
ETFs could be the ticket to portfolio diversification
One of the major advantages of an exchange traded fund is the ability for investors to gain instant diversified exposure, writes State Street Global Advisors’ Meaghan Victor. With one trade, ETFs can provide investors with the easiest way to achieve instant access to a broad base of companies and stock markets across different industries and even countries. The hunt for diversification Without a doubt, diversification has been a driving force behind the massive adoption of ETFs both in Australia and abroad. In fact, it could be said that in the age of the ETF, well-informed investors are learning what institutional investors have known all along. Asset allocation, not security selecting, […]
Xplora invests US$1m into BLOCKLOAN
Xplora Capital has announced the purchase of USD $1 million (AUD $1.35 million) worth of tokens from BLOCKLOAN – a new blockchain peer-to-peer lending marketplace. Blockchain and crypto are triggering a societal and economic shift before our eyes. Financial institutions are failing to address the market needs. It’s time for a new solution to old problems. Mark Finch, Managing Director of Xplora Capital stated, “As an early investor into BLOCKLOAN and working in the Financial Services space for 20 years we believe in Co Founder’s Michael and Bill’s vision and roadmap for providing the ability for people to access credit on a global scale and better rates than the banks. […]
