Identitii completes 2018 Mastercard Start Path program
ASX-listed Identitii Limited, the Australian FinTech enabling banks and corporates to securely exchange intelligent information in real-time, has just completed the Mastercard Start Path program. Start Path, a six month program that runs four times a year, connects innovative later-stage FinTechs with Mastercard’s global ecosystem. Start Path selects FinTechs that have the potential to scale globally and aims to open the door for companies to innovate on top of Mastercard’s existing technology infrastructure. “Mastercard Start Path has given Identitii the opportunity to reach new potential customers and to demonstrate how our Overlay+ platform can enhance the secure sharing of documents and information in a MasterCard environment,” says Ben Buckingham, COO, […]
US crypto exchange wants a piece of the Aussie market
U.S.-based cryptocurrency exchange, CoinZoom, has announced it will enter Australia after its wholly owned subsidiary, CoinZoom Australia, gained approval from financial regulator AUSTRAC. CoinZoom anticipates its Australian platform will go live in the first quarter of 2019. The fiat to crypto exchange will support major cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, Bitcoin Gold, Litecoin, Ripple, in addition to top traded altcoins. “Being fully registered with Australia’s regulatory financial oversight body AUSTRAC to operate as a Digital Currency Exchange, is an important step in our goal to provide globally compliant digital currency trading for both institutional and retail traders,” said CoinZoom CEO, Todd Crosland. To read more, please click on the link […]
Lakeba achieves $20M startup sales record for Paid By Coins
Australian technology innovator Lakeba, who has launched over ten new ventures in the Australian market since 2016, today announced the $20M sale of their Paid by Coins venture to Mobecom (ASX:MOB) only seven months after launching the platform in early 2018. “Lakeba built, deployed and exited the Paid By Coins business in less than seven months, achieving what few startups have before them. This accelerated acquisition timeline demonstrates the rigour and depth of Australian innovation and sets a new benchmark for the rapid commercialisation and sale of market-relevant, high demand emerging technology solutions,” said Giuseppe Porcelli, CEO and Founder of Lakeba. Paid by Coins is a secure payment solution for consumers, enabling […]
OFX Group considers large cash deal of its own
Two years after former GE Capital Australia and NZ boss Steven Sargent took the top seat around OFX Group’s boardroom table, the money transfers company’s executives have an interesting proposition for him and the board. Street Talk understands OFX Group has set its sights on an offshore acquisition, which would help the company meet one of its strategic goals which is to expand into Europe and the United Kingdom. The question is what could be on its radar. OFX Group, which reported $19.6 million profit last financial year and has about a $550 million market capitalisation, would no doubt like something big enough to be meaningful, but not big enough […]
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 […]
Australian FinTech partners with Digital Surge, Brisbane’s first Digital Currency Exchange Platform
Australian FinTech is excited to announce its official partnership with Digital Surge, Brisbane’s first digital currency exchange platform.
Australian Fintech heavyweight to launch institutional-grade security token exchange in Malta
Rick Klink the founder of Paritech and OpenMarkets, Australia’s largest independent trading platform by trading volume of over AUD50 billion per annum, heads up Malta Digital Exchange (MDX) and brings his ground-breaking technology to the digital asset space. The cryptocurrency and blockchain sector saw exponential growth in 2017, now a push towards regulation will provide trust and a safe environment for institutional investors, allowing them to participate in the global economy. Security tokens are the next generation of regulated securities, which are being built on blockchain-based infrastructure rather than being restricted to legacy systems. MDX aims to become the world’s premier security token exchange, which will enable greater market efficiency, […]
PlayChip digital currency exchange “PlayXchange” registered
The PlayChip Foundation has been registered as the first digital currency exchange in Australia with its own native token. Last week the PlayChip Foundation Ltd was registered to provide Digital Currency Exchange services by Australian regulatory body AUSTRAC. AUSTRAC, the Australian Transaction Reports and Analysis Centre, is Australia’s anti-money laundering and counter-terrorism financing regulator and financial intelligence unit. The registration is pursuant to subsection 76E(2) of the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2017 (AML/CTF Act Amendment Act 2017). The registration signals a huge step forward to the Foundation, which will operate a cryptocurrency exchange called the PlayXchange as part of a global payment solution to its more than […]
