Advice Intelligence launches new world financial planning technology
Advice Intelligence (a.i.) has launched Version 1.0 of it’s software platform to financial advisers across Australia.
Successfully testing a new e-Invoicing approach with Small Business and Government
Link4 recently took part in an e-Invoicing pilot to test and demonstrate how small and medium businesses could instantly send their invoices to the NSW Government through e-Invoicing. The pilot was conducted with the NSW Department of Finance, Services and Innovation which partnered with one of its suppliers, TeleResult, to test e-Invoicing as a solution for streamlining the receiving of invoices. Brian Stevens, Practice Director, TeleResult enjoyed being able to instantly invoice the Department during the pilot and could see the value of implementing this invoicing system with other clients. “This could take all of the questions regarding invoice delivery and invoice processing status away,” said Mr Stevens after the […]
One in two employees want financial wellbeing assistance from employers
One in two (58%) employees state they want their employers to provide financial wellbeing tools, but only 14 percent of employers currently provide them, according to Map My Plan, a fintech firm which improves the financial fitness of Australians. In its Financial Stress in the Australian Workplace (the Insight Paper), released today, Map My Plan revealed 68 percent of managers believe financial wellbeing of their staff is ‘absolutely vital or important’ but 60 percent have no financial program. Paul Feeney, Founder of Map My Plan said, “We’ve found one in two employees are likely to be financially stressed, and it’s impacting their productivity, engagement, sleep, and even their mental and […]
Pull together for the Aussie Drought Row-lief
The entire state of NSW has been declared in drought after a drier than ever June and July. As a result, the state’s farmers are experiencing one of the toughest winters they have seen. With failing crops, water shortages and a diminishing supply of fodder to sustain stock, farmers are struggling just to keep their stock alive, let alone make ends meet. Companies nationwide have been doing their part to help out, donating money to help the families living on the land with necessities, or donating hay bails to help keep their herds alive. As a small business with a big heart, Brisbane-based lender, Jacaranda Finance has decided to jump […]
The $4b buy now pay later startup built on a legal loophole
“I’m pretty bad when it comes to shopping,” Amanda*, a 23-year-old disability worker based in Melbourne tells Fairfax Media. “If I liked it, I’d Afterpay it”. It’s been said that the ultimate goal for a tech startup is to become a verb. If that’s the case, then Sydney-based Afterpay has well and truly made it. Amanda started using the buy now pay later service in 2016. She used it to purchase clothes, electronics and Christmas presents. But when her financial circumstances changed, she quickly ran into trouble. “When I started using it I was getting good money from work. I could afford the repayments, I always made sure I would […]
Wall Street has helped eliminate one of bitcoin’s biggest problems, and it could fulfil ‘Satoshi Nakamoto’s original vision’
Many crypto enthusiast long for a day when bitcoin will replace the entire financial system. But in the meantime, Wall Street might actually be helping the digital asset’s long term adoption, one firm says. New data from SFOX, the cryptocurrency trading technology firm, shows that 2018 has witnessed a drop-off in price variations on digital asset exchanges. The firm argues that trend is tied to the entrance of large Wall Street firms into the market, which makes it more stable. “Before institutional firms were actively trading crypto or heavily involved (before 2018) bitcoin price differences between exchanges varied as high as 4.5%,” said Danny Kim, head of growth at SFOX. […]
Neo-lender raises $4m in capital
A neo-lender has raised more than $4million from shares, saying the investment acknowledges the transformation of the business. Wisr, which has also released its figures for the last financial year, provides personal loans and technology products to help borrowers. It will use the funds to take a more innovative approach on how loans are funded and to potentially increase margins. The capital will also assist in helping the company’s ongoing growth initiatives as part of its customer acquisition and retention strategy. Commenting on the capital raise, Anthony Nantes, chief executive officer, said, “We are delighted with the strong support we received from the capital raise. “This investment acknowledges the transformation […]
GetCapital appointed to PLAN Australia aggregator panel
GetCapital, Australia’s award-winning specialist lender to small and medium sized businesses (SMEs), has announced its appointment to the lending panel of leading aggregator PLAN Australia from 20 August. PLAN is one of Australia’s largest mortgage aggregation groups, with over 1,650 members and a total loan book value close to $70 billion. The aggregator’s commercial and asset finance volumes reached $990 million in the six months to March 2018. The partnership will see GetCapital’s innovative multi-product offering of business loans, equipment finance and trade finance become available on PLAN’s extensive broker network across Australia. “We welcome the opportunity to work with PLAN as part of our commitment to support the growth […]
