Bitcoin Trading: Where to Start?
Bitcoin divides opinion. Some think it’s the most revolutionary development in global finance ever, whilst others are all too eager to demonize it as “fraud” or Ponzi Scheme. Whatever your opinion of the world’s first truly decentralized money, one thing is certain: the price is incredibly volatile. It’s not uncommon for Bitcoin to see 20% moves in just 24 hours. In fact, the largest swing ever in the price of Bitcoin was in 2013. It dropped from $233 to $67 in a single night. For investors, a crash of 71% such as the one experienced that April will have been heart-wrenching to endure. However, not all would have lost money […]
Fintech – The evolution of modern financial technology in the 21st Century
Financial procedures have evolved drastically over the last 100 years. We have seen a huge change in how many aspects of finance are processed such as payments, investment, data storage and types of currency. A term that has sprung up in the last couple of decades and gained prominence is ‘Fintech’ – this articles details exactly what Fintech is, and why it is essential for the modern world. What is Fintech ? Fintech = financial technology This is the basic meaning. Fintech is much more than that however – it is any new type of innovative technology that competes with or precedes traditional financial methods; particularly the delivery of financial […]
IRESS launches ebMS messaging service linking super funds directly with the ATO
IRESS today announced that it has launched an ebMS messaging service that provides superannuation funds with a verified integration pathway to send non-financial data directly to the Australian Tax Office (ATO). In response to the ATO moving from periodic reporting requirements to near real-time reporting of superannuation events and transactions, the IRESS ebMS messaging service supports ATO message flows to enable super funds to meet the following reporting and compliance obligations: Member Account Attribution Service (MAAS), the Member Accounts Transaction Service (MATS), SuperTICK (STIC) and Supermatch (SMAT). Provided as a managed service, IRESS’ ebMS provides a cost effective, compliant, resilient and robust messaging solution that eliminates the need to use […]
Moneysoft makes client engagement more compelling with its new user interface
Moneysoft has re-launched its client engagement and financial wellbeing platform with a more intuitive and streamlined user interface that cuts the time it takes professionals to analyse their clients’ key financial data. The launch follows a 12-month research and design process including extensive interviews and testing with a range of financial professionals who use Moneysoft’s personal financial management tool. Founder and Managing Director, Peter Malekas, said that seeking feedback is central to Moneysoft’s ethos of ongoing product and customer service improvement. “We encourage our users to tell us the features they’d like to see next, so that we can focus on making improvements that deliver the biggest impact to their […]
Tax blitz to hit Bitcoin investors
Tax-dodging Bitcoin investors will be confronted by the full investigative powers of the tax office, which has revealed it will use anti-money laundering legislation due to come into force next month as the basis for a long-awaited blitz on cryptocurrencies. Under the legislation, the ATO will use compulsory 100-point identification checks for Bitcoin investors as part of its new arsenal, giving it the ability to roll out its data-matching techniques to take on the previously opaque cryptocurrency world. ATO deputy commissioner Will Day said the tax office would rely on “increased transparency” from the government’s anti-money laundering counter-terrorism financing rules to tackle cryptocurrency tax cheats. The escalation of the ATO’s […]
Top fintech predictions for 2018
Here’s some crystal ball gazing, courtesy of KPMG’s global fintech team. In its latest Pulse of fintech report, released last week, the firm sets out 10 factors it reckons will drive financial technology this year, after $US31 billion of deals were struck in 2017. There are now 25 fintech unicorns around the world, collectively valued at $US76 billion (none are from Australia). On the KPMG list is the acceleration of artificial intelligence technology and the growing number of devices connected to the internet of things. It expects AI and IoT enablement “to continue at a rapid pace” as financial services offerings are embedded into home automation systems. A couple of […]
Payments fintech startup Sniip, launches first ever digital bills with push notifications
Toowoomba Regional Council is leading Australia in digital billing, by partnering with Australia’s first bank-agnostic payments and billing app, Sniip, to launch a patented “m-billing” function that will alert ratepayers of Council rates and water bills via push notifications directly on their smartphones. Ratepayers can opt into the function by registering for m-billing in the Sniip app, from which point they will receive future bills directly into the app via push notifications and can pay in a few simple clicks, without inputting any extra data or leaving the app. The end-to-end paperless solution is expected to drastically reduce the Council’s overheads and carbon footprint by helping them transition […]
Prospa named as #1 high-growth company in APAC on FT 1000 list
The Financial Times, in partnership with Statista, has identified Asia-Pacific’s top 1,000 high-growth companies. With high growth a signal of underlying demand, the FT 1000 list, which was published this week, highlights the major players driving economic growth within the APAC region. Sydney-based online small business lender, Prospa, has been identified as the top high-growth company in Asia Pacific. The list is dominated by technology companies, suggesting innovation and disruption are key drivers of growth across the regions key markets. Countries included in the research are Japan, South Korea, India, Australia, Hong Kong, Taiwan, Singapore, New Zealand, Malaysia, Indonesia and the Philippines. 138 companies from Australian and New Zealand make […]
