Let’s stop making mobile payments a chore
By Keith Brown, General Manager Product, Scheme and Business Development, BPAY Group You can make a payment on almost any digital device, but why can it still feel like a chore? Mobile has been spruiked across product and marketing strategies in all industries for as long as the smartphone has been around, and yet a decade later we’re still not as digitally savvy as we’d like to think. We have tablets, smartphones, and smartwatches, but discrepancies still exist for user experience across all these devices. There’s an influx of mobile-only banks emerging in the U.K., dedicated to ensuring the experience of banking for their customers on the go is as […]
FlashFX first off the block to use blockchain for international money transfers and launch into Asia
Foreign exchange digital currency provider, FlashFX, announces it is the first Australian company to receive an Australian Financial Services Licence (AFSL) from Australian Securities and Investments Commission (ASIC) to transfer money internationally using blockchain technology. The FlashFX infrastructure is built on the Ripple distributed ledger technology using their real time currency settlement and payment network. “FlashFX is designed to revolutionise the way everyone makes international money transfers,” says Chief Enabling Officer, Nicolas Steiger. “We purpose built the platform to move money overseas securely, quickly, cheaply and with more control for consumers. “Blockchain offers a cryptographically secure end-to-end payment flow and records all transacted information. Being regulated by ASIC adds that […]
Leading startup investment insiders told us what they’re looking for in the perfect fintech
Rajeev Gupta knows about startups and what’s needed to attract funding for them. The former investment banker and technology investor has had his own startup, Geckolife, and has also worked at Goldman Sachs and Tribeca. Now he’s a partner at Alium Capital, a technology-focused crossover investment fund looking after sophisticated investors wanting to get in on smaller, high potential projects overlooked by the big players. He’s recently closed a couple of key investments in local Sydney fintech startups. In Australia, fintech is mostly driven by local companies, with 512 Australian and 67 offshore companies operating locally, according to analysis by KPMG. One of Gupta’s investments is Stockspot, a robo-adviser fund […]
Forbes Fintech 50 call for nominations
For two years, Forbes has published our Fintech 50 list, showcasing the top companies shaping “the future of your money.” (See the 2015 and 2016 lists.) These innovative startups are making it easier for suppliers in emerging economies to get paid, for low-mileage drivers to save hundreds of dollars a year, for your financial advisor to create a tailored-for-you portfolio, and enabling even more technological advances that benefit many of us daily, unbeknownst to us. If the Great Recession shook trust in global finance, these are the firms that are building it back up. We’re about to begin updating the list for the third year — a multi-month process which […]
CXi announces second client for Unit Registry
CXi Software has announced that it has successfully migrated its second client, in as many months, onto its cloud-based Unit Registry system – CXi-Registry™. “We’re delighted to welcome our second client; a significant Melbourne-based property firm managing some $2 billion in assets” said Seamus Ó Concheanainn, Managing Director of CXi. “This client is synonymous with professional property investing and is a terrific partner for CXi. Our CXi-Registry™ platform delivers the high-end capabilities that innovative fund managers require and feedback from our early adopters indicates we are meeting and exceeding market expectations in that regard,” Mr. Ó Concheanainn continued. “Our digital platform is the first purpose-built unit registry system developed in […]
Visa moves to kill PINs by pushing Aussie banks towards biometric authentication
Consumers will soon be able to forget about PINs and frustratingly long 16-digit card numbers when shopping online and in the real world, as Visa moves to make Australian banks build infrastructure and put in place policies to empower biometrically-authenticated transactions. A new Visa security roadmap outlines a four-year process for Australian banks to adopt new standards for e-commerce transactions, designed to streamline the purchasing process and reduce fraud, while implementing new information-sharing practices and tokenisation technology. Visa Asia-Pacific senior vice-president Joe Cunningham told The Australian Financial Review it aimed to make the purchasing process simpler and quicker for shoppers, while also making it more secure. “What we want to […]
Ignition Wealth appoints Simon Conroy as Investment Committee Chair
Ignition Wealth CEO Mark Fordree today announced the appointment of Simon Conroy as Chairman of the Ignition Wealth Investment Committee. Simon Conroy is a senior investment and banking professional whose previous roles include Head of Investment Strategy and Head of Private Markets at the Macquarie Group, where he served for more than a decade. “Ignition Wealth continues to expand our leadership team. The appointment of Simon Conroy as Chairman of the Ignition Wealth Investment Committee is part of our ongoing commitment to drive the business forward,” Mark Fordree, CEO, Ignition Wealth. Simon Conroy joins several financial services leaders at Ignition Wealth. Industry veteran Peter Meurer serves as […]
expensemanager delivers accounts payable automation software for the SME’s
expensemanager helps businesses to automate each step of their expense, receipt and invoice management process with clever cloud software.
