How real is the competition to Bitcoin?
Cryptocurrencies continue to take the world by storm, with values increasing and new products entering the market all the time. While Bitcoin is still the world’s biggest digital currency, it faces serious competition from Ethereum, Bitcoin Cash, and Ripple just to name a few. The rise of cryptocurrencies has been called the biggest evolution of the financial system in history, as decentralised exchanges and blockchain technology continue to change how the world views money. While no-one knows exactly what’s in store for the crypto market for the remainder of 2018, the trending markets seen in 2017 seem to be consolidating into trading ranges across time scales. The entire cryptocurrency market […]
Verrency signs long-term innovation services deal with volt bank
Australian global payments innovation provider Verrency has signed a significant long-term deal with volt bank, Australia’s first independent 100% digital bank. The multi-year agreement enables volt bank to leverage Verrency’s cloud-based payments innovation platform and services marketplace to enable cost-effective delivery of a multitude of value-added services to its customers. The agreement comes on the back of Verrency being named FinTech Australia’s winner of the 2018 Excellence in Establishing a Global Market Presence. David Link, Founder and CEO, Verrency, said: “Verrency will enable volt bank to rapidly and cost-effectively deliver value-added services to Australian consumers – including via easy connection with multiple service providers – without requiring significant change in their […]
ETF Securities says ROBO ETF surpasses $100m as investors embrace global opportunities
ETF Securities Australia today announced that ETFS ROBO Global Robotics and Automation ETF (ASX code: ROBO) has achieved inflows of $100 million since its launch in September last year. This is the fastest growth of any ETF offered by ETF Securities since its founder and Australian philanthropist Graham Tuckwell launched the world-first GOLD product in 2003. ROBO is the first exchange traded fund in Australia to provide investors with access to global companies focusing on robotics, automation and artificial intelligence (AI) technologies. It represents a partnership between ETF Securities Australia and US-based specialist robotics and automation index and research provider ROBO Global, tracking the ROBO Global Robotics and Automation Index. […]
The Finnies. The Winners!
Congratulations to the 2018 Finnie Awards Finalists and Winners! FinTech Organisation of the Year WINNER: Afterpay FINALISTS: ● Afterpay ● Avoka ● BRICKX ● Class Limited ● Cover Genius ● Flamingo AI ● Invoice2Go ● MoneyPlace ● OnMarket ● Prospa ● RateSetter Australia ● SocietyOne ● Stockspot Emerging FinTech Organisation of the Year (company must be <2 years old) WINNER: Civic Ledger FINALISTS: ● Civic Ledger ● Finch ● InDebted ● LanternPay ● Link4 ● Longevity App ● Look Who’s Charging ● Medipass ● Till Payments ● TIQK ● TravelbyBit Outstanding FinTech Leader of the Year (can be from any field) WINNER: Katherine McConnell – Founder and CEO, Brighte FINALISTS: […]
SendGold signs major platform deal for Gold-as-a-Service
Sydney-based SendGold have digitised gold to enable their customer network to buy, sell, and exchange gold instantly as peer-to-peer money across 8 countries in the Asia-Pac region. Now the company have announced they have signed an agreement to enter the rewards market with the world’s largest cloud-based loyalty platform. Toronto-based Global Rewards Solutions (GRS) provide a loyalty platform that is used by millions of members globally, including employees of a number of Fortune 500 companies. The deal announced with SendGold will let their loyalty program members instantly exchange their points for gold bullion directly inside the GRS application. The capability went live in Australia this week and a phased rollout […]
The best, and worst, performing Australian ETFs for 2018
Exchange-traded funds (ETF) under management in Australia grew 33% over the past year to $36.2 billion, according to the annual ETF Report by robo-advice fintech Stockspot. The best performer was UBS IQ MSCI Asia APEX 50 Ethical ETF, which generated a return of 30.1%. The biggest loser was BetaShares Australian Dividend Harvester Fund which lost 16.2%. This fund invests in large ASX shares that are about to pay dividends while also selling futures contracts as a form of hedging to reduce risk. Chris Brycki, CEO and founder of Stockspot, says this year’s findings signal the ongoing disruption to the asset management industry by ETFs and indexing. “The investment industry is […]
Gobbill inks deal with iSignthis for card processing and eKYC
Australian Securities Exchange and Frankfurt Stock Exchange cross listed iSignthis Ltd (ASX:ISX/FRA:TA8), the world leading RegTech for identity verification and payment services, is pleased to announce that it has signed an agreement with an artificial intelligence (AI) fintech bill payment automation startup called Gobbill™. iSignthis is supporting innovative companies like Gobbill by providing global identity verification and payment solutions. The partnership with iSignthis supports Gobbill’s international expansion plans utilising their identity verification services and transactional banking facilities to clear payments. “Partnering with iSignthis is a strategic and important milestone for Gobbill. It enables our customers to pay any bill for billers that do not accept card payments or various card […]
