BPAY Group develops BPAY BatchMaker and partners with QuickBooks
BPAY Group, Australia’s leading payments provider, has announced its latest innovation, BPAY BatchMaker, a product helping small businesses to pay multiple suppliers at the same time. As part of BPAY Group’s growing portfolio of developing innovative products for the Australian market that solve customer pain points, BPAY BatchMaker helps makes it easier for small businesses to pay multiple bills and create efficiencies by reducing manual processing. BPAY BatchMaker’s first partner is QuickBooks, the global leader in cloud accounting, with 2.8 million subscribers worldwide. The BPAY BatchMaker app is now available to QuickBooks customers, free of charge*, via the QuickBooks app store. The new application is an easy and convenient way […]
New Pelikin app fits the bill for globetrotting millennials
Digital banking start-up Pelikin aims to reshape the way people save, send and spend their money in Australia and while travelling abroad. The company’s slogan is “spend like a local”. It will be targeting “digital natives” with its app and debit card. It hopes to launch by mid-2018 and is currently seeking expressions of interest for investment on Birchal, an Australian equity crowdfunding platform. “Acting as a transactional base for funds, Pelikin wants to create a seamless digital experience between everyday banking and travel banking; an important element for a younger market who are known for their tech-savvy and globetrotting lifestyle,” the company explains. It is currently beta testing features […]
Link4 fast tracks invoice delivery to win Fintech Business Start-Up of the Year
Link4 Australia has been named Fintech Business Start-Up of the Year for its cloud eInvoicing innovation, which has so far helped 1,000 Australian businesses improve their cash flow, with invoice payments being 22 days faster than the Australian average. The awards, presented by Fintech Business with principal partner Thomson Reuters, recognise outstanding innovation and entrepreneurship in the Australian financial technology sector. Link4’s cloud service reduces suppliers’ invoicing costs by up to 44 percent by delivering their invoices directly to their customers’ accounting systems. Cash flow is increased as invoices are paid faster – an average 9.6 days before the due date for those paying early. Customers send and receive invoices […]
First Australian digital currency exchange regulated: Independent Reserve
Independent Reserve, the Australian digital currency exchange, yesterday became the first Australian exchange of its kind to be regulated. Independent Reserve is the first exchange to be regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC). Set up in 1989, AUSTRAC ensures Australian institutions conform to the required standards around Counter-Terrorism Financing and Know Your Customer rules. CEO Adrian Przelozny said the regulation represented a huge leap forward for the local digital currency industry. “We have been lobbying for increased regulation since we opened for business in 2014,” he said. “We passionately believe that the digital currency economy will – and should – become just another part of the mainstream […]
ONLY 6 days left to enter 2018 Finnie Awards
Entries are now open for Australia’s only industry-backed awards. FinTech Australia together with the NSW Government’s Jobs for NSW has come together to launch the 2018 Finnie awards. A total of 23 awards will be on offer, including FinTech Organisation of the Year, FinTech Leader of the Year, Female FinTech Leader of the Year and Emerging FinTech Organisation of the Year. In addition, fintech companies will have the opportunity to be recognised for excellence in sectors such as lending, wealth management, payments, crowdfunding, blockchain, artificial intelligence and regtech. For this year’s awards, a new award category has been introduced for the best fintech user experience/design outcome. Enter now! https://finnies.awardsplatform.com/ […]
Have you checked Australia’s only FinTech jobs platform?
Australian FinTech, the No.1 site for all things ‘fintech’ in Australia also runs Australia’s only dedicated fintech jobs platform, AustralianFinTechJobs.com.au Our mantra of ‘quality not quantity’ candidates is already proving successful according to leading FinTech companies and recruitment firms. And it’s not just for finance or tech jobs – Australian FinTech Jobs has seen roles from interns to the CEO and everything in between. Think of it as ‘Seek.com for FinTech’ where 10,000+ unique users visit each month. Candidates can apply through our site or directly to a specific URL/link on your website/job management platform so all the applications are in one spot. You can also showcase your company by […]
Cryptocurrency owners must be aware of tax changes
Changes to Australia’s anti-money laundering rules have come into effect today, and will see cryptocurrency exchanges and transactions more susceptible to the scrutiny of the Australian Taxation Office (ATO), according to HLB Mann Judd’s Peter Bembrick. Bembrick, tax partner at HLB Mann Judd Sydney, said the rules would catch cryptocurrency owners by surprise, and ignorance is not a defence for failing to pay the appropriate tax. Bembrick said to avoid falling foul of the ATO, cryptocurrency owners should know that the ATO teats cryptocurrency as an asset for tax purposes, and, as such, the price in Australian dollars will change over time. There is also a taxable capital gain when […]
Bureaucracy fumbles Australia’s innovation vision
Australian corporate regulator ASIC’s commissioner, John Price, has called out “innovation” as a concept about which it is easy to wax lyrical, but “difficult to apply in practice”. Mr Price made the comments at the recent Senate Economics Legislation Committee meeting into the regulatory sandbox for fintechs when asked: “Is an innovation benchmark appropriate?” With just five fintech companies making the grade for the first version of the sandbox, and consumer advocacy group Choice arguing the sandbox needed a higher “innovation” bar to entry, his answer suggests this is a bigger question than the regulatory body can begin to answer. Mr Price was “not surprised” with the low take-up of […]
