Civica announces partnership with LanternPay for new claim payments solution
Civica, the market leader in business-critical software, digital solutions and managed services for the public sector and regulated markets, has announced it is partnering with digital claim payments platform LanternPay to develop a cloud-based and user-friendly online solution for health insurers and healthcare providers. “Civica has always been dedicated to improving efficiency and choice in the Australian health sector and we are delighted to be working with LanternPay in providing a new state of the art, cloud based online claim payments solution. This innovative solution will challenge the status quo and give health funds and service providers improved functionality and real choice in the claim payments arena” says Vinay Chand, […]
Funding partners commit to support Peppermint’s growth
Peppermint Innovation Ltd (ASX: PIL) confirms funding support from two strategic investors that will help deliver its next exciting phase of growth. On 30 October 2018, Peppermint announced Smidge Digital Unit Trust or its nominee had agreed to invest $1.5 million at 2.5 cents per share via a placement of 60 million shares. Smidge has now nominated PEGG Capital Limited (Malta) – a Maltese-based investment group focussed on unique and undervalued opportunities in Australia, Asia and various emerging markets – as the party to fill the placement by 31 March 2019. PEGG Capital Limited has also undertaken to continue to provide financial support to Peppermint to accelerate the adoption of […]
DIY super funds getting into Bitcoin and other cryptocurrencies
More do-it-yourself super funds are investing in cryptocurrencies as interest in investing in digital currencies rises among investors generally. While no hard data will be available until later next year when the Tax Office releases figures for the first time on how much cryptocurrency is held by funds, industry players say there are more self-managed super funds (SMSFs) investing. Fred Schebesta, a co-founder of comparison site Finder as well as digital currency exchange HiveEx, notes a marked increase in enquiries from SMSFs looking to buy cryptocurrency. And Adrian Przelozny, the chief executive of Sydney-based digital currency exchange Independent Reserve, has about 6000 self-managed super funds on the platform, with half […]
Equity Crowdfunding: A Fintech Story
by Steve Kourabas* Digital Revolution The period following the global financial crisis of 2008 has brought with it massive changes to the digital economy. Almost every human interaction, and almost every organisation, has been impacted by the technology boom, which has brought with it new opportunities for innovation and dynamism. Developments in the area of finance have been particularly pronounced, with Fintech (a contraction of “finance” and “technology”) offering the opportunity to an increasing number of consumers around the world at all income levels to participate in financial markets.[1] Equity Crowdfunding (ECF) is one such advancement in the Fintech space that offers the opportunity for small and medium enterprises […]
Neobank pioneer Brett King joins Xinja
Xinja, which is building a 100% independent digital bank, or ‘neobank’ for mobile, is adding significant global expertise to its organisation with the announcement that Brett King will act as a permanent advisor to the Board, and help guide Xinja’s strategic direction. Brett King founded neobank Moven in 2011, which launched the world’s first mobile, downloadable bank account. He is widely considered the most influential expert on retail banking innovation globally. Mr King was an advisor to the Obama White House, the US Federal Reserve and the Office of the Comptroller of the Currency on the future of banking in the United States. Mr King said: “I have been working […]
Novatti to become an AUD Utility Token Anchor on the Stellar Network
ASX-listed Novatti Group Limited announce that it will launch the Novatti AUD Utility Token, the first Australian Dollar-Backed Utility Token. As an Anchor for the Stellar Network, consumers and institutions will be able to use the Novatti platform to instantly accept and settle payments in AUD, as well as easily access foreign exchanges via a lightning-fast global network. The Novatti AUD Utility Token, a token on the Stellar Network is one-to-one backed by the Australian dollar (AUD). Held in trust by Novatti, one Novatti AUD Utility Token will always be equivalent to one Australian dollar. With the Novatti AUD Utility Token, consumers and institutions, once KYC’d, will be able to […]
OnDeck small business online lending tops US$10 Billion
OnDeck (NYSE: ONDK), has announced it has achieved a milestone in the Financial Technology (FinTech) industry, becoming the first non-bank online lender to surpass US$10 billion in total loans originated to small businesses. OnDeck, with operations in the United States, Canada and Australia, is the world’s largest non-bank online lender to small business by total loan volume. Founded in 2015, OnDeck Australia is a subsidiary of OnDeck (ONDK). The achievement by OnDeck, a pioneer of the FinTech lending industry, is the latest indication that small businesses increasingly prefer to seek financing online. According to the Small Business Credit Survey from the Federal Reserve, small business owners are turning to online […]
Thousands of self-managed super funds are now investing in cryptocurrencies
Cryptocurrencies have caught the eye of Australian self-managed super funds (SMSFs), according to staff from domestic crypto exchanges. So along with traditional holdings such as residential property or blue chip shares, a small portion of SMSF investors are looking for something a little more high-risk. Adrian Przelozny, CEO at crypto exchange Independent Reserve, told Business Insider there’s been “significant activity in the space” from SMSFs. He said the number of SMSF customers who are registered with the exchange now number “around six or seven thousand“. That’s still a relatively small percentage of the more than 590,000 SMSFs in Australia, which hold combined assets of almost $700 billion. But it’s a […]
