Seeking bright Aussie fintechs to join ABCC delegation to UK
Five delegate places on fintech mission to London on offer to Australian startups and SMEs looking to grow and prosper internationally. The UK’s Department for International Trade (DIT) has partnered with the Australian British Chamber of Commerce (ABCC) to give five internationally-focused Australian startups and SMEs the chance to join a fintech trade mission to London. Successful applicants will participate in a tailored business programme from 19 – 21 April 2017, and receive financial support for the majority of flight and accommodation costs. They will join senior figures from the UK and Australia’s fintech ecosystem across industry and government. Delegates will have the opportunity to network and share ideas with […]
PropertyShares taps Australian Dream
The Australian dream has always been of property. For generations Australians have pined and toiled, with the dream of one day owning their own home. The lure has been strong enough to build cities. When Canberra, the nation’s capital was built, the commonwealth government promised three bedroom red brick bungalows to attract workers to the public service. So it only made sense that when P2P arrived on Australia’s shores, it would go for property. “Australia has always had a strong love affair with property,” says Scott Price, founder of PropertyShares. “People were told from a very young age about the great Australian dream of owning your own home. The birth […]
Temenos announces proposal to acquire Rubik
Temenos (SIX: TEMN), the software specialist for banking and finance, today confirms that it has entered into a binding Scheme Implementation Deed to acquire Rubik Financial Limited (‘Rubik’), a leading software provider to the Financial Services sector in Australia, via a Scheme of Arrangement (“Scheme”). Founded in 2007, Rubik is a leading Australia–based, Australian Securities Exchange listed financial software company providing banking, wealth management and mortgage broking solutions, primarily in Australia, and also internationally across Asia and the Middle East. Rubik has more than 150 employees servicing 930 direct clients and 23,000 end-users in 12 countries. Temenos has a longstanding partnership with Rubik which dates back nearly 10 years. Rubik […]
Fintech disruptors hurting established players
As trends go, financial technology is a beauty. The prospect of nimble “fintech” ventures disrupting financial-service incumbents has whet investor appetites. An Australian fintech sector is rapidly emerging. Fintech has been a boom sector in the United States and United Kingdom as technology-based companies, with their capital-light business models, nibble at the market share of large firms. It happened in print media, publishing, music and education. Now the same trend, where new firms offer financial products and services using online platforms, is disrupting parts of banking, wealth management, insurance, payments, accounting and foreign exchange. There is, of course, much hype about fintech. But the financial-services sector looks a prime target […]
Australian FinTech launches International FinTech platform
The team behind the highly successful AustralianFinTech.com.au, this week launch their International platform, InternationalFinTech.com, aimed at connecting the FinTech industry on a global scale. Founder and CEO, Cameron Dart, says International FinTech has been born on the back of the highly successful Australian FinTech platform and growing demand from the global community to have a dedicated online presence for their sector. “International FinTech mirrors the Australian FinTech platform, including a dedicated industry newsfeed and a comprehensive directory of FinTech companies globally. “The site also aims to educate users of new financial technologies such as peer to peer lending and cryptocurrency, all presented in simple terms with no financial jargon” says […]
UK fintech delegation heads to Australasia
A trade delegation of eleven UK fintech companies will visit Australia and New Zealand in March. The UK’s Department for International Trade (DIT) will bring a trade delegation of eleven successful UK fintech companies to Australia and New Zealand in March. The trade mission will build on the success achieved by several UK companies in Australia, such as Ratesetter, ThinCats, TruRating and OTCX by promoting opportunities in Australian and New Zealand fintech, including in the emerging regtech, insurtech and blockchain sectors. It will provide a platform for UK and Australian counterparts to exchange ideas, best practice and discover potential areas for collaboration. The selected UK companies will participate in a […]
ASX bullish on fintech stock listings
The Australian Securities Exchange (ASX) expects to see technology listings on the ASX proliferate in the near future, with fintech companies to play a significant role. Speaking to InvestorDaily, Eddie Grieve, head of listings and issuer services at the ASX, said the institution is encouraged by recent activity from technology companies, and those specialising in financial services in particular. “The broader tech sector has been a key focus of ASX for some time, and we see fintech playing a significant part in the sector’s future growth,” Mr Grieve said. Tech listings in 2016 were at the highest number since the dotcom boom of 1999/2000, Mr Grieve explained, with the fintech […]
Blockchain and others will transform financial advice
The potential for distributed ledger and associated technologies has fundamental, long-term ramifications for financial planning businesses. Planners need to be across these innovations now so that when commercial solutions that use these technologies hit the market, their businesses are ready to embrace them. Distributed ledger technology is a way of recording information that makes it easy to verify. Blockchain, which is the system that records how the virtual currency Bitcoin is stored, is one application of this technology. Shortened Australian Securities Exchange (ASX) transaction settlement times will likely be the first real change to the market from Blockchain. Last year, the ASX invested $14.9 million to acquire 5 per cent […]
