Search Result: data action

Sep
06

Peppermint signs agreement with Philippines’ electronic payment service provider, ECPay

ASX-listed Peppermint Innovation Limited announced it had signed a Memorandum of Agreement with Electronic Commerce Payments, Inc. (“ECPay”), a leading electronic payment service provider in the Philippines. Under the agreement, customers can use Peppermint’s Bizmoto website (www.bizmoto.com.au) to directly pay a variety of bills for their family and friends living in the Philippines, such as power and water, mobile phones and the internet. They can also directly top-up credit cards and debit cards for their family and friends, as well as paying insurance premiums or loan and finance repayments. The direct payment of bills and purchase of e-Loads is viewed favourably by some payees who are reluctant to transfer cash […]

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Sep
04

Local FinTech Look Who’s Charging eyes offshore expansion

Local FinTech start-up Look Who’s Charging has been selected as one of only 24 companies from around the globe to present their business on the centre stage at Money 2020 in Las Vegas this coming October. Look Who’s Charging is a Data as a Service business and one of the first companies globally to solve the problem of unrecognisable transactions.  Look Who’s Charging links the often-random narratives from debit and credit card transactions to in-depth merchant details. NAB integrated Look Who’s Charging into their digital applications earlier this year.  In the past 12 months Look Who’s Charging has helped to de-mystify over 15 million transactions many of which would have […]

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Aug
15

Australian startups selected for Accenture’s FinTech Innovation Lab

Eight leading fintech companies have been selected for the fifth annual FinTech Innovation Lab Asia-Pacific, a 12-week mentorship program created by Accenture. The 2018 program received a record number of applications, from more than 160 companies, and comes at a time when investments into the sector are soaring. According to an Accenture analysis of data from CB Insights, global investment in fintech ventures reached another all-time high in 2017, of US$27 billion, with continued growth in 2018. Launched in Hong Kong in June 2014, the FinTech Innovation Lab Asia-Pacific has received nearly 600 applications since its inception, with 33 companies participating to date. Alumni companies from the Lab have raised US$288 […]

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Aug
12

How Fintech is making Insurance more affordable

Fintech is one of the most rapidly growing fields at the moment, not just in the technological sector but as a whole. And it makes a lot of sense when one considers the numerous implications it has in our everyday lives, especially when it comes to large-scale institutions’ operations and the way they are able to meet the demands of large numbers of people. Insurance companies are seeing some strong benefits from the growth of fintech and their connection to that industry, and it’s interesting to think about the future possibilities for the cheap insurance sector. Better Customer Segmentation Companies now have access to much more data about their customers, […]

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Aug
09

What is the future of the digital currency in the money market?

Cryptocurrency or digital currency is the currency in which the encryption technique is used to form the currency unit. Physical Calls Having the same properties as a digital call is physically unavailable. Digital currency trading is done with the same encryption technology. The first decentralized decryption is known as bitcoin. Some other characteristics are physical presence, decentralization, reduced transaction costs, and global acceptance. Key factors driving growth in the global digital currency market are decentralized and free of government interference. With the power of immediate trading and borderless movement of ownership, digital currencies are gaining acceptance in the real estate sector, which is expected to be a major driving force […]

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Aug
08

Stake drops minimum funding to $50, giving every Australian direct access to $31 trillion US share market

Australia’s fastest growing stock broker Stake has today made it even easier for Aussies to invest directly in the $31 trillion US share market, lowering its minimum investment amount from $500 to $50. The lower entry point gives even more Aussies direct access to more than 3,000 game-changing companies and shares listed in the US, including Apple, Tesla, Google, Disney, and Amazon. The move to lower its minimum investment to AU$50 is part of Stake’s dedication to remove barriers to global trading, adding to the work it’s already done offering $0 brokerage, fractional investments, and same day money transfers. The announcement follows the launch of Stake’s iOS app on 4 July, which […]

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Jul
27

What financial service providers should know about blockchain: Opportunities and threats

It seems that every few years, an advanced and innovative new technology emerges and becomes the next big thing for organizations across different industries. Take the cloud and big data, for example – during their buzzword stage, these concepts were being attached to just about everything in the tech space. Currently, it appears that blockchain has filled this space, popping up in discussions and initiatives within all types of businesses. For financial services in particular, though, it’s very imperative to not only understand the basics of blockchain, but also examine the kinds of threats and opportunities this concept will bring. Where to start: The basics First and foremost, financial service […]

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Jul
23

Fintech Zip has hit cash flow break-even, its shares slip

Australian fintech Zip — the owner of the zipPay, zipMoney and Pocketbook brands — has hit cash flow break even right on target. In a business update, digital retail finance and payments player says revenue for the fourth quarter was $13.2 million, up 136% on the same three months last year. And Zip hit positive underlying cash from operating activities, after bad debt write-offs, of $700,000. However, Zip’s share price fell up to 3% in early trade. At the close, the shares were down 1% to $1.00. ZipMoney operates a “buy now, pay later, no interest” service and uses artificial intelligence and big data technologies to drive a credit and […]

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