Midwinter launches Kamino – cyber security service for advisers and accountants
Australian based financial services technology provider Midwinter has today announced the upcoming launch of Kamino, a cyber security service for financial advisers and accountants. The offering will include vulnerability assessments, penetration testing and ongoing monitoring in order for accounting, advice practices and licensees to assess the strengths and weakness of their systems. Midwinter saw an opportunity to offer the financial services sector a service which provides a cyber ‘health check’ – helping small to medium businesses identify vulnerabilities in their current systems and to provide guidance when it comes to protecting themselves against potential cyber threats. The company chose to narrowcast the offering to only advisers and accountants as it […]
Banks trial blockchain solution to speed up guarantee process
ANZ and Westpac have teamed up with IBM and Westfield shopping centre owner Scentre Group to bring the bank guarantee process up to speed using blockchain technology. The trial, powered by IBM’s Hyperledger Fabric platform, replaces the paper-based bank guarantee process used for commercial property leasing with a digital ledger that becomes the central source of information for all parties. Distributed ledger technology underpins blockchain, with ANZ’s general manager of digital banking, Nigel Dobson, saying the trial showcases how the technology can be used to develop business solutions. “Whether it’s crypto currencies or other public applications of blockchain, so far they have not been business grade,” Mr Dobson said. “This […]
SocietyOne breaks through $300 million of lending
SocietyOne, Australia’s pioneering and leading marketplace lender, has broken through $300 million of total originations since it started operating five years ago with 2017 on track to set further lending records. SocietyOne advanced over $100 million of new lending during the first half of 2017, underlining its position as the clear leader in the Australian consumer marketplace lending sector. Combined lending of $45 million in the first quarter of 2017 and $57 million in the second quarter resulted in year-on-year growth of almost 70% for the six months ending 30 June 2017. That compares to $61 million of new lending advanced in the first half of 2016. SocietyOne’s loan book […]
Disruptive big data company Quantexa furthers global expansion
Quantexa, the disruptive big data and analytics company backed by HSBC and Albion Ventures, has furthered its international expansion by opening a new office in Sydney, Australia. This builds upon their accelerated growth this year, which has seen the opening of their Brussels office in April and the doubling in size of their Global Headquarters in London. Following on from their $3.3m fund raising earlier this year, Quantexa’s expansion reflects a growing customer base outside the UK. The Sydney office will put the company in closer proximity to its clients in APAC and forms part of its aggressive international growth plans. Quantexa can already boast an impressive client list that […]
Australian fintechs must set sights on Asia: MoneyMe
Consumer fintech, MoneyMe Financial Group, believes the next surge of global fintech growth will be led by Asian markets after a temporary global plateau, as a result of greater market demand and more underbanked citizens, increasing income levels, advanced tech capabilities, and superior tax structures for innovative businesses. Australian fintechs who don’t include Asia in their growth strategies, both in terms of target markets and location of operations, risk falling behind and missing the next wave of fintech as a result of our far higher corporate tax rates, and the comparatively higher quality of our financial services which drive down the urgency for local innovation. This comes off […]
Tom Culver of Goodments wins inaugural EY WAMTech PitchFest
Tom Culver, CEO and Co-Founder of Goodments, has been named as winner of the inaugural EY WAMTech PitchFest for his innovative FinTech solution in response to the problem statement of how to simplify the process for financial advice within the wealth and asset management (WAM) industry. Culver took out the top award among stiff competition from the group of five short-listed finalists at a special event held in Sydney last night. Supported by the Financial Services Council (FSC), the PitchFest called on FinTechs to help revolutionise the Australian WAM industry by designing innovative technology-based solutions to some of its biggest challenges, as identified via a survey of senior executives […]
Double Gold for Tyro at Tech Design Awards
Australia’s leading independent payments provider, Tyro Payments, has taken out a double Gold win for its App at the recent DRIVENxDESIGN 2017 Tech Design Awards for the FinTech and Future of Work categories. The Tyro App offers an integrated solution for small business owners to manage all of their finances – connecting them with their accountants, staff, bookkeepers, employees and other signatories. Other key features include automated batch and payroll payments and the ability to monitor EFTPOS transactions easily. From the App, business owners can also access Tyro Smart Growth Funding to access and organise business loans. Tyro’s Director of Product, Kareem Al-Bassam said Tyro is listening to the needs […]
