Fintech numbers causing a revolution
According to sources at disruptive Real Estate platform Next Address, the implementation of Fintech equity crowdfunding has sent their chatbots into overdrive with record enquiries and investors jumping on board. Julie O’Donohue, founder of the Australian company says it’s all about opportunity and empowering people. “People are loving the concept of helping us grow, investing directly with us from just $250 with a few perks that are making everyone smile. It has taken hard work by our entire team to make our platform the best, and now we are getting validation from everyday Aussies wanting to get on board. We made Next Address for the people, and now those very […]
The future of money relies on digital
by Carlo Lacota, Head of Banking and Financial Services, ANZ at Cognizant The era of digital disruption has brought new challenges involving security, privacy, and technology access. It is therefore imperative for financial services providers to take stock and consider how to deepen their customer relationships. The inability to capitalise on the opportunity that digital brings to attract and retain customers will increase churn velocity and further increase cost as customer retention costs far less than acquisition. Our relationship with money is broken A recent global study by Cognizant revealed that people’s relationship with money is broken, with over half of the study respondents saying money and […]
OpenMarkets adopts Bloomberg EMSX for Global Equity Liquidity and Execution Services
OpenMarkets has taken a crucial step to open up its platform to overseas investors after integrating with Bloomberg’s global multi-asset trading platform.
How Australia is becoming a cryptocurrency continent: Markets, Regulations and Plans
The very nature of cryptocurrencies dictate that regulation, control, and by extension, a centralized system, do not fit in with what they stand for. They are supposed to be totally decentralized, and therefore not dictated by many rules. This made a lot of sense when cryptocurrencies were not in the spotlight, and not a major factor on the world stage. However, as mainstream adoption has increased, and more individuals have entered the market, so has the interest from governments and regulators around the world. This has culminated with the G20 summit sitting down and discussing how to fit this decentralized financial system into today’s global society. However, one nation is […]
MoneyMe teams with USYD to grant $96k Fintech Partner Scholarship
Leading consumer fintech, MoneyMe, has teamed with the University of Sydney Business School to award a $96,000 Fintech Industry Partner Scholarship to Sydney University Business Analytics PhD doctoral student, Jian Tina Zhai. The partnership reflects MoneyMe’s commitment to the long term future of the rapidly expanding fintech sector and the Business School’s commitment to strong industry links as well as cutting edge research. The scholarship will waive Tina’s fees throughout the 3 years of her candidature at the School, while also providing her with firsthand work experience at MoneyMe assisting in the development of their state-of-the-art, purpose-built consumer lending platform, ‘Horizon’. “My ultimate aim is to apply my academic research to a wide range of […]
The Australian fintech startups disrupting home loans
A new type of fintech company is helping home buyer owners save on their home loans, using technology to drive competition and take business from the big banks. The differences between mortgage deals offered by the big four banks are hard to spot and even harder to work out when looking for a home loan deal, according to an investigation by the consumer watchdog, the ACCC (Australian Competition and Consumer Commission). The watchdog says there are signs of “less-than-vigorous” price competition in Australia’s $1.75 trillion mortgage lending industry. However, a group of startups are trying to change that. A number of property-related fintechs have lodged entries to this year’s Finnie […]
Optimo adds SMSF modelling to platform
Optimo Financial has enhanced its paraplanning software Pathfinder Online to include self-managed super fund modelling capabilities. Pathfinder, an online modelling platform, allows financial advisers to create projections for up to 20 years that cover tax, superannuation and the Age Pension. Optimo Financial chief executive Hugh Bannister said for too long advisers have relied on cumbersome, multi-module programs and third-party paraplanning services. “The self-managed super fund generation is demanding a comprehensive strategy consistent with the evolving super rules,” Bannister said. The new release, which is in beta phase, will meet demand on a 24/7 basis and enable financial advisers and paraplanners to produce comprehensive financial strategies for clients within minutes, he […]
Who invented Blockchain?
Contrary to popular belief, shadowy inventor of Bitcoin, Satoshi Nakamoto, did not invent blockchain. So who did? In 1991, Dr W. Scott Stornetta and his co-author Dr Stuart Harber published a whitepaper introducing ‘blockchain’, a decentralised, cryptic database where digital transactions are secured. The cryptographers’ research focused on creating a digital hierarchy system which time-stamped and chronologically secured transactions in a chain of blocks. Together, they co-authored several publications in the cryptography field to pioneer a system that was transparent and verifiable. The first major blockchain innovation came in 2008, when the pseudonymous Satoshi Nakamoto published the bitcoin whitepaper. Bitcoin is a digital currency which can be bought and transferred […]
