The 2018 Fintech Business Awards winners
Congratulations to all the winners of the 2018 Fintech Business Awards: Crowdfunding Innovator of the Year OnMarket Lending Innovator of the Year SocietyOne Personal Finance Innovator of the Year Pocketbook Insurance Innovator of the Year Cover Genius Payments Innovator of the Year Afterpay Australia Compliance Innovator of the Year Moneycatcha Software Innovator of the Year BGL Corporate Solutions Fintech Mentor of the Year Peta Tilse, Sophisticated Access Fintech Entrepreneur of the Year Philip Copeland, Avoka Investment Innovator of the Year Acorns Australia Fintech Thought leader of the Year Jonathon Wilkinson, Equitise Accounting Innovator of the Year Class Limited Financial Advice Innovator of the Year myprosperity Lending Platform Innovator of the […]
Stone & Chalk founded startup SkyBuys to launch duty free project with Heinemann Australia
SkyBuys is pleased to announce Heinemann Australia (HEINEMANN Tax & Duty Free) has signed an agreement to trial the SkyBuys App and technology platform for duty free shopping. Announced today at the Airbus BizLab DemoDay in Hamburg, the SkyBuys-Heinemann Australia project is scheduled to commence in early Q3 2018 at Sydney Airport, Australia’s major international airport. Founded at the Stone & Chalk fintech hub in Sydney, mobile commerce startup SkyBuys developed the SkyBuys App for international passengers to shop for duty free at any stage of their journey, including in-flight. The App allows passengers to search and purchase duty free inventory in-app from the time they receive their ticket through […]
Twitter CEO: Bitcoin will be the world’s ‘single currency’ in 10 years
Twitter and Square CEO Jack Dorsey apparently has big visions for bitcoin, commenting in a recent interview with The Times that he believes that the cryptocurrency will become the world’s single currency within 10 years. According to Dorsey, “The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin.” Dorsey went on to say that the transition would happen “probably over ten years, but it could go faster,” which seems like an extremely unrealistic projection, even considering cryptocurrency’s meteoric rise in popularity over the past few months. That Dorsey is a fan of bitcoin isn’t too surprising, though. […]
Growth, diversification, consolidation: AltFi Summit 2018 leaders offer their predictions
Fintech leaders from across the globe are converging for the AltFi Australasia Summit in April, to discuss the most urgent issues and trends impacting growth, diversification, and consolidation in the global alternative finance industry in 2018. Keynotes, panellists and sponsors will include alternative lending firms, digital banks, industry influencers and regulatory representatives, such as OnDeck, KPMG, Ratesetter, NowFinance, Equifax, Macquarie Capital, NAB, Moula, MoneyPlace, Credible, BGA Digital, Moneycatcha, Creditease, Othera, Liberty Home Loans, uno Home Loans, and FinTech Australia. It will be the third year the Summit has run in Sydney, amassing each yeah an ever-larger following of loyal attendees. Event owner, Glenn Hodgeman, believes momentum has built so strongly […]
The Global Money Transfer Industry: A Case For Collaboration
Evolving with disruption The money transfer industry globally has entered a period of significant change, spearheaded by the evolution of mobile technology and growing demand for digital tools that help us manage our money faster and smarter. Digital disruptors such as peer-to-peer lending services, mobile apps and blockchain have shifted the market, offering borderless accounts combined with speed and transparency. Powering these disruptors are new technologies like artificial intelligence, big data and robotics, which are changing the customer experience; providing unprecedented insights into customer behaviour that help deliver a more seamless money transfer experience. For incumbent players in the market, this new reality presents an opportunity. Businesses should consider leveraging […]
Xinja launches card and app, gets set to challenge Australia’s banking market
Xinja, which is building the first Australian, independent, 100% digital ‘neobank’, has launched its prepaid travel and everyday spending card and its app. The card is a prepaid, tap-and-go card, with no ATM fees here or overseas, and low international transaction/FX fees that make it a very competitive travel card. The app allows users to lock the card instantly, if it is lost, and is being designed to let users track their spending, with more features to be rolled out over the next few months. The card is being sent out to Xinja’s waitlist, made up of consumers who have signed up to be part of the development of a […]
Novatti Group (ASX:NOV) 1H18 results & outlook
Novatti Group Limited (ASX:NOV) CEO, Peter Cook talks about the company’s 1H18 results, the launch of its Australian remittance service, the integration of basis2 and progress towards its goal of becoming an ADI (authorised deposit-taking institution). Rachael Jones: Hello I’m Rachael Jones for the Finance News Network. Joining me from the Novatti Group (ASX:NOV) is CEO, Peter Cook. Peter, welcome to the Network. Peter Cook: Rachael good afternoon. Rachael Jones: Firstly could we just start with an introduction to your company? Peter Cook: Novatti listed two years ago, January 2016. Our market capitalisation is about $40 million at the moment and actually, our top 20 shareholders have about 80 per […]
Peppermint sets sights on valuable remittance business for swift acquisition
Fintech company and aspirational banking disruptor Peppermint Innovation (ASX: PIL) has signed an exclusive option to acquire international remittance business AusRemit Pty Ltd, currently trading as RemitWisely. The “particularly attractive” acquisition price in comparison to similar transactions elsewhere in the fintech sector was cited as a key reason for Peppermint to proceed with the deal at the current time. RemitWisely is currently progressing an “aggressive growth strategy” to add new remittance “corridors” as part of its remittances service offering to more than 200 countries globally. Peppermint has obtained exclusive rights to acquire the entirety of AusRemit for a purchase price comprising of shares and cash, on a 50/50 split. The […]
