Payment protection startup EFTsure follows up $2m Series A capital raise with PwC partnership
In the wake of its recent $2 million Series A capital raise, fintech startup EFTsure has entered into a collaboration agreement with PricewaterhouseCoopers (PwC), for an opportunity to mitigate the risk of electronic payment fraud for a larger pool of businesses. Founded in 2014, the Sydney-based venture has developed a software platform that validates the integrity of business payment data. Speaking to Dynamic Business in July, co-founder and CEO Ian Mirels explained that EFTsure’s platform mitigates the risk of payment error and fraud – the latter of which costs Australian businesses $700 million per year – by utilising a cloud-based, ‘crowd-sourced’ supplier database that matches payee names to bank account […]
Australian FinTech Launches Australia’s Only Dedicated FinTech Jobs Platform – Australian FinTech Jobs
The team behind the highly successful Australian FinTech website have soft-launched their FinTech employment marketplace platform, Australian FinTech Jobs. Founder and CEO, Cameron Dart, says AustralianFinTechJobs.com.au has been born on the back of the highly successful Australian FinTech website and growing demand from the local FinTech community to have a dedicated employment platform for the sector. AustralianFinTechJobs.com.au is Australia’s only dedicated platform for FinTech companies and Recruiters to promote FinTech, financial technology, financial services, banking, legal and IT employment opportunities in Australia. “Australian FinTech have built a new jobs startup for fintechs and startups about startups, fintechs and jobs” “When people think of ‘FinTech’ in relation to employment, they might […]
You can use Bitcoin, Ethereum and Litecoin to BPAY your bills
Yes, this will be old hat to some, but you can definitely do more with cryptocurrency than letting it sit in a digital wallet. And you don’t even have to use a chain of different websites to do so. Online, local services exist that let you spend Bitcoin and its progeny directly, including playing bills. The strangely-named Living Room of Satoshi is one service that allows you to pay your bills via BPAY using various cryptocurrencies, including Bitcoin and Ethereum. Amounts are limited to $1000, though you can issue multiple payments for bills greater than the limit. What’s interesting (or disturbing, depending on your point of view) is that LROS […]
Sniip to deliver real-time billing
Mobile shopping and payments app Sniip says it has landed a deal with Xero to bring real-time billing to small and medium sized businesses. Sniip co-founder and CEO Damien Vasta said his platform, which uses blockchain technology, would provide a central way for Xero’s customers to receive and pay bills. He said Sniip would be available to Xero’s customer network, allowing transactions to integrate with their accounting system. “Users can scan and pay their bills within seconds using Sniip’s trademarked circular QR code, eliminating the need to enter a long account or payment reference number or bank details or waste time paying over the phone,” Mr Vasta said. “Mobile payments […]
Sydney at the centre of booming Australian Fintech industry
Sydney is home to over half of Australia’s Fintech companies and is helping to drive unprecedented growth in the industry, according to a new report by the Committee for Sydney and KPMG. The report, Scaling the Fintech Opportunity: For Sydney and Australia, finds that the number of Fintech start-ups in Australia has increased from less than 100 in 2014 to 579 companies today, with around 60% of all Fintech companies basing themselves in Sydney. It will be launched at a special event at 7pm this evening by NSW Minister for Trade and Industry, the Hon. Niall Blair. Fintech is by-and-large driven by local companies, with 512 Australian and […]
Australian, Abu Dhabi regulators to co-operate on fintech
The Australian Securities and Investment Commission (ASIC) has reached an agreement to co-operate with its United Arab Emirates counterpart, the Abu Dhabi Global Market, on financial technology. As part of the agreement, the two regulatory authorities will share information to keep on top of each other’s regulatory and commercial developments in order to support financial innovation in Australia and the UAE. ASIC’s innovation hub and the ADGM regulatory laboratory will be made available for innovative fintech businesses under the agreement. Most of the fintech activity by start-ups in the Middle East and North Africa region has focused on payments and mobile wallets, ASIC said. “With this fintech collaboration, ADGM and […]
RBA study finds cards are king, overtaking cash for the first time
Credit and debit cards have overtaken cash as the most frequently used consumer payment for the first time, as food retailers and ridesharing apps such as Uber offer more cashless payment options. Cards were the most frequently used means of payment, accounting 52 per cent of consumer payments, followed by cash at 37 per cent, according to the Reserve Bank’s consumer payments survey released on Tuesday, which surveyed 17,000 day-to-day payments made by over 1500 participants during a week. A decade ago, cash accounted for nearly 70 per cent of consumer transactions, and cards 26 per cent. The RBA said credit and debit card use increased across the board in […]
Search for 2017 Fintech 100 innovators kicks off
Nominations are now open for the 2017 KPMG & H2 Ventures Fintech 100, the annual list designed to recognize leading fintech innovators. Visit www.fintechinnovators.com by Thursday, 31 August 2017 and nominate your company, or any fintech you think should be considered for the Fintech 100. The Fintech100, available at www.fintechinnovators.com, is compiled by fintech investment firm, H2 Ventures in collaboration with KPMG’s Global Fintech practice. The annual Fintech 100 includes both the leading 50 established fintechs, and the most intriguing 50 “emerging stars.” How to nominate and the judging process: Nominations for the Fintech 100 can be made at www.fintechinnovators.com website by Thursday, 31 August 2017. […]
