Moneysoft expands footprint with Investfit and Xeppo integrations
Moneysoft has struck new deals to integrate its cashflow as a service solution with goalsbased advice software Investfit and software data connector Xeppo. The partnerships bring together powerful technology and the capability for financial services providers to offer customised solutions that meet the individual needs of their client base. Moneysoft founder and managing director, Peter Malekas, said the integrations will unlock new insights for financial services businesses, supporting deeper client engagement while also identifying future leads and increasing efficiency. “We’re putting control back into the hands of funds, advisers and brokers to say what they want to achieve and how they want it to look and feel. These new integrations […]
Broker channel needs to be ‘undercut’, says fintech boss
The founder of an online mortgage marketplace says there is too much “fat” in the home loan value chain and believes there is space for a non-advice model in mortgage distribution. Joust managing director Mark Bevan, who worked at CBA and Westpac before launching the online mortgage bidding platform in 2015, said that Joust is focused on lowering the cost of origination for lenders and borrowers. Joust targets Australian borrowers with good credit scores and simple needs. While he understands that customers with more complex needs will require the services of mortgage brokers, Mr Bevan believes that his model offers a cheaper alternative to traditional third-party distribution. “The mortgage broker […]
Bitcoin Cash just exploded in value
Bitcoin Cash is the latest major cryptocurrency to surge in value, with prices more than doubling over the past two days. Following Bitcoin’s split on August 1, the alternative Bitcoin Cash traded consistently at around $US300. Demand then spiked and a short time ago, prices had shot up to more than $US700. The price surge means that Bitcoin Cash is now the world’s third biggest cryptocurrency by market capitalisation, behind Bitcoin and Ethereum. Prices for Bitcoin were holding steady this morning at just over $US4,100, but down from their record highs earlier in the week above $US4,400. Amid the recent surges in both Bitcoin and Bitcoin Cash, Ethereum prices have […]
Australian FinTech launches jobs platform Australian FinTech Jobs
If you didn’t see the news earlier in the week, Australian FinTech has just launched Australian FinTech Jobs – Australia’s first and only employment website dedicated to the FinTech industry. Australian FinTech Jobs is a marketplace site aimed at FinTech companies (from start-ups to ASX-listed companies) and recruitment companies looking for good quality staff. On the other side, there are university graduates and jobseekers looking to start their FinTech careers or move on up into a new role. Australian FinTech have built up quite a community in the past two and a half years, with traffic now exceeding 13,000 unique users per month. The aim now is to drive a […]
TruePillars secures $5m in Series A capital raise
TruePillars, the online marketplace lender allowing everyday Australians to fund loans to small businesses, today announced it has raised a total of $5 million in a Series A funding round. The funding round was led by a long-term Melbourne-based private investor, and includes both equity and commitments by shareholders to fund loans to Australian businesses on the TruePillars platform. Further commitments from additional investors are expected to be finalised by 30 September. The business will now commence a recruitment drive to more than double its number of employees over the next 12 months. “This investment will give us the means to further innovate and build on our service, including our […]
Bitcoin hits new record, bitcoin cash fades
Experts say the rally in bitcoin still has a long way to go, after the cryptocurrency reached a new all-time high of $US3525 this week. The latest price surge has been driven by the rise and fall of bitcoin cash – a secondary cryptocurrency – and an update in the underlying bitcoin software, which paves the way for an evolution of the bitcoin blockchain. The update – called SegWit – is the product of months of internal debate within the cryptocurrency community around how to handle the rapid increase in transaction demands. A byproduct of this debate was the creation of bitcoin cash, another coin, duplicated from the original, that […]
A Bitcoin for your thoughts?
By Naomi Christopher, Midwinter Financial Services, Senior Manager – Brand Those of us in the tech world can all agree that Bitcoin is genuinely starting to take off or at least cause a stir…. If by take-off you mean clamber $672 bucks one day and slide down $384 the next. But while some of us look on with wide eyed enthusiasm as the price of it continues to climb and fall and then climb and fall (but mostly climb at the moment!), much of the rest of the world continues to scratch their heads as they grapple to understand “what’s it all about?” And of course, whether it is in […]
