Search Result: savvy

Mar
18

Five ways to better manage cashflow for your business

Did you know, according to the Australian Securities and Investment Commission (ASIC), 46% of all company failures occurred due to inadequate cash flow in 2015/16? Cash flow is vital to a business, and management should be priority number 1. So how can you better manage cash flow in a business, whether you sell products, provide services, or do a bit of both? Here are five ways to better manage cash flow in your business 1. Look at your balance sheets and make a projection In business, like in sport, you need to keep score. Keeping score tells you whether you’re winning or losing. Balance sheets and profit and loss statements […]

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Mar
11

Why to accept Bitcoin as a payment method

By Josh Lehman, Co-Founder of Digital Surge It has been more than a decade since Satoshi Nakamoto published the original Bitcoin whitepaper and single-handedly disrupted our financial landscape, changing the way we send and receive money. Today, Bitcoin is no longer a niche interest of a handful of early adopters but a legitimate payment method that’s accepted by some of the largest companies in the world, including Overstock, Microsoft, Namecheap, ExpressVPN, Shopify, and Newegg, just to name a few. Even though Bitcoin and the entire cryptocurrency space may seem confusing and difficult to get into, the fact is that you don’t need to be an expert to start accepting Bitcoin […]

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Mar
01

Australian small cap investors should turn focus to tech

Australian small cap investors should turn their focus to the increased use of technology across the financial services sector, and the investment opportunity it presents, according to DNR Capital. DNR Capital’s Australian Emerging Companies fund portfolio manager, Sam Twidale, said traditional financial services companies in Australia had long benefited from favourable regulation, limited competition and captive customers, but as change sweeps the industry, investors could be gaining exposure to new opportunities. “We are witnessing this change now as new business models emerge adopting the latest technologies, with today’s tech-savvy customers receptive to change,” he said. “In the Australian small cap sector investors can gain exposure to these niche opportunities, which […]

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Jan
23

Big four banks consider creating their own digital brands

Each of the big four banks have considered launching new digital bank brands to attract new, young, digital-savvy customers. Apart from National Australia Bank’s UBank, the plans have been non-starters, getting lost among layers of bureaucracy, management changes and restrictions on new investment. But the pending launch of Volt Bank, which on Tuesday received an unrestricted banking licence from the prudential regulator, and with Up already in the market, the majors might be forced to reconsider whether creating entirely new standalone digital brands, or partnering with emerging players in the emerging “neobank” space, is needed to stay on the front foot in the fast-moving world of digital banking. NAB is […]

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Nov
29

Goldfields Money forms strategic alliance with Ivy Koin

Australia’s new revolutionary digital bank, Goldfields Money (ASX:GMY) is pleased to announce a strategic partnership with Los Angeles-based Ivy Koin, a developer of blockchain-based solutions for financial institutions to validate and cater to compliance needs for fiat & digital currency business transactions. Under the agreement Goldfields Money & Ivy will be working closely together to commercialise the use of blockchain technology in banking to validate and legitimise digital currency to fiat transactions in the traditional banking framework. Goldfields Money has recently revamped its digital banking platform and has a modern mindset working to cater for the needs of technology savvy consumers. Ivy’s technology is a perfect solution to explore new […]

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Oct
30

Aussie fintech startup building an investment platform for rapidly growing global retire early movement

Whether you’re an intern, executive or somewhere in between, everyone wants the option of not having to work, the sooner the better for most. While the end goal is easy to picture, the path to get there seems very complicated, or even imaginary. Housing affordability, negative gearing, royal commissions and fund returns are topical stresses for older Australians. A bigger issue is younger generations not building savings in a world of credit and higher discretionary spending. Younger people work as hard as past generations but have different relationships with. Bad financial discipline results in declining happiness as financial pressure builds and is passed on to future generations. But, according to […]

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Sep
24

When ‘it’ happens, SocietyOne urges us not to reach for the credit card

Australia’s pioneering and leading marketplace lender, SocietyOne, has launched an integrated marketing campaign to capitalize on the fast-approaching holiday season, where demand for consumer credit typically jumps with increased expenditure on festivities and gifts. The campaign, entitled “When ‘it’ happens”, highlights how even positive situations can put financial strain on even the most savvy Australians. It tells the story of ‘regular guy’, Dave, who is financially in control until a series of unexpected events blows his budget out of the water. SocietyOne saves the day by rewarding Dave’s good credit rating with a low-rate personal loan, saving him from resorting to a credit card – which can often become a […]

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Sep
24

Are Exchange-Traded Fund flows creating the mother of all opportunities?

A common excuse given by fee-charging active fund managers that have battled to beat their benchmarks has been the ever-rising popularity of exchange-traded funds. ETFs effectively allow investors to track an index – anything from the S&P 500 to obesity-related stocks – by simply buying a listed security tacking the index or a basket of stocks. The global market has grown from 580 products totalling $US728 billion of assets to more than 5000 funds with more than $US5.6 trillion of assets. But some have argued that this created multibillion-dollar flows of brainless money simply buying and selling stocks based on predetermined rules rather than any thoughtful analysis. This, it has […]

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