Australian trading app moomoo launches free 24-Hour US Trading, a first in Australian market
moomoo, the AI-powered Australian trading app, has announced the introduction of 24-hour US trading, enabling investors to trade selected US stocks and ETFs 24 hours a day, five days a week.
ANZ-backed Open Banking platform Bud, launches in Australia.
Bud announced its Australian launch after receiving accreditation from the Australian Competition and Consumer Commission to provide Open Banking services.
DiviPay partners with accounting body CA ANZ to help prevent credit card fraud
DiviPay announce a new partnership with accounting body Chartered Accountants Australia and New Zealand to help tackle credit card fraud.
Australian FinTech company profile #122 – Unhedged
Unhedged uses AI to deliver algorithmic returns to the everyday investor.
Bitcoin could surge past $10,000 within 2 weeks, analyst says
Bitcoin could rise above $US10,000 within two weeks, marking its recovery to around half of its record high, according to one analyst.
Wealth scandals open door for new entrants
A global data provider believes neobanks and robo-advisers stand a good chance of gaining traction in an industry where incumbents are plagued with scandals. Following the news that troubled wealth giant IOOF could face several class action lawsuits, GlobalData believes the damage to public trust in the financial services industry will have significant long-term implications for how Australians invest. Andrew Haslip, head of banking content for Asia Pacific at GlobalData, said superannuation has a prized place in the heart of many Aussies and allegations of misuse of client money in this area are particularly damaging on top of a string of other banking and wealth-related scandals. It has given the […]
Advisers with robo capabilities will have an edge
While standalone robo-advice won’t attract affluent investors, it will offer a competitive advantage to traditional wealth managers over competitors, GlobalData says. The research company said that robo-advisers alone didn’t attract assets under management, and that high net worth (HNW) investors generally only entrusted small portfolios to digital-only platforms. GlobalData’s Technology in Wealth Management: Drivers for Adoption and Future Trends survey found that demand for robo-advice was growing, however, meaning that offering it could strengthen human advisers’ value to clients. Forty per cent of private wealth managers surveyed noted strong demand for the technology from clients, most obviously in the Asia-Pacific region. “Despite some drawbacks robo-advice is a competitive advantage that […]
The coolest 100 people in Australian tech
Business Insider Australia’s Tech 100 is a comprehensive list of the coolest people in Australian tech. It highlights achievements in the sector over the past 12 months. Congratulations to those cool people from the world of FinTech, FinTech Startups and FinTech Hubs & Accelerators, FinTech VC’s and Investors in Australia…. 12. & 13. Dan Petre and Craig Blair, co-founders, AirTree Ventures 15. Jason Yetton, MD and CEO, SocietyOne 20. Stuart Richardson, founder and managing partner, Adventure Capital; co-founder, York Butter Factory 21. Paul Bassat, co-founder, Square Peg Capital 23. Maile Carnegie, group executive digital banking, ANZ 24. Jost Stollmann, CEO, Tyro Payments 25. Niki Scevak, managing director, Blackbird Ventures […]
