Search Result: max id

Mar
21

BDO implements Expensify internally to improve its receipt and expense management Process

After implementing Expensify for BDO clients as an ExpensifyApproved! Partner, the top 10 Australian accounting firm now adopts Expensify for its employees. Expensify, the most widely used expense software in the world, has been selected by BDO Australia to streamline its internal receipt tracking and expense management workflow. BDO moved away from two separate receipt tracking and expense approval systems, Receipt Bank and ApprovalMax, to centralise their entire process with Expensify. Company-wide rollout began earlier this month in BDO’s Adelaide office with 110 employees, and plans are under way to expand to BDO offices throughout the country. “As a partner in the ExpensifyApproved! Program, we’ve set up enough clients on […]

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Mar
16

‘Beware bitcoin tax scammers’: Tax Office

The Australian Tax Office (ATO) has warned Australians to be vigilant about scammers impersonating the ATO and demanding debts be paid in cryptocurrency. Following the end of the financial year, scammers email victims falsely claiming to be collecting tax return debts on behalf of the ATO. Assistant commissioner Kath Anderson said the ATO has recorded over $50,000 lost to scammers from unwitting victims. “Cryptocurrency operates in a virtual world, and once the scammers receive payment, it’s virtually impossible to get it back,” said Anderson. “Scammers are constantly adapting their methods to maximise their chances of picking your pocket. “Unfortunately it was inevitable that scammers would target cryptocurrency given its current […]

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Feb
19

Funding.com.au links borrowers to Real Estate-backed loans

The Benzinga Global Fintech Awards are a yearly showcase of the best and brightest in fintech. In preparation for its biggest installment yet in May 2018, we’re profiling the companies competing for the BZ Awards. Our next feature is on Funding.com.au. What does your company do? What unique problem does it solve? Jack O’Reilly, managing director: Funding.com.au is a financial technology platform that provides real-estate secured loans to borrowers, and attractive mortgage investments to investors. The company currently assists borrowers seeking short to medium term mortgages through its end-to-end online loan application process. As the direct lender, it can assist borrowers with a quick, easy and cost effective settlement – […]

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Claim your share of $4 billion

It was recently reported that the major banks cut savings interest rates over the holiday period, leaving some savings account earning as little as 0.5 per cent.*   This ‘cash drag’ is needlessly costly to the public and they are urged to review how much money they have sitting in everyday bank accounts, earning low interest, and to consider alternative ways to grow their cash such as in term deposits.   A term deposit allows investors to park their funds for a set period of time with an agreed fixed rate of interest paid at maturity. Investors can also choose the length of their term deposit and the bank or […]

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Jan
15

Compare Your Life’s iFace Technology is embraced by users

Melbourne based firm Save U has partnered with Cloud technology provider iFace (Compare Your Life) to start consolidating the need for multiple software applications. Save U’s CEO, Stephen Clarkson is impressed with the efficiencies the software has brought to his business.   ‘Our decision to purchase was made in the initial presentation, as the quality of the software and the utilisation of the most up to date technology made the choice incredibly easy to make. We had been searching for a solution for 3 years, and this ticked all the boxes that we were looking for.   The migration from our legacy product was seamless and after 15 minutes of […]

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Jan
15

Launch of new crowdfunding investments

If you feel you missed the cryptocurrency boom, never fear. One of Australia’s financial watchdogs may have just handed you the possibility of picking another winner. The Australian Securities and Investments Commission (ASIC) has launched the crowdfunding market for investing in new companies with the announcement of the licensing of seven companies authorised to provide crowdfunding platforms. But remember, investing in new companies is highly risky and not something you should be doing with money you cannot afford to lose. The new crowdfunding market works like this. The platform providers will connect investors with companies that want to raise capital and individuals will be able to get exposure for as […]

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Dec
20

FinTech body seeks changes to APRA’s proposal to reduce market barriers to challenger banks

The Australian Government’s proposal to make it easier for digital-first challenger banks to compete against industry incumbents is could be improved, according to the peak body for fintech startups.   FinTech Australia has lodged a submission with the Australian Prudential Regulation Authority (APRA) in response to its discussion paper, entitled “A phased approach to authorising new entrants to the banking industry”. The discussion paper proposes that new banking entrants, known as Authorised Deposit-taking Institutions (ADIs) can apply for a “restricted ADI licence”. Under the restricted ADI licence, new banking entrants may take up to $2 million in deposits with an individual limit of $250,000 per depositor over a maximum period of two years, […]

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Dec
05

TruePillars launches innovative automatic investment capability

TruePillars, the online marketplace lender allowing everyday Australians to part fund loans to small businesses, today announced the launch of their automated investment capability, AutoInvest. AutoInvest is their new automated investment tool and the next chapter in a long line of innovations added to their 100% owned technology platform. The tool, which they believe is a unique innovation in Australian marketplace lending, offers investors the opportunity to establish standing investment instructions in accordance with their specific individual requirements. These instructions will then be automatically executed by the TruePillars platform without the investor having to log into the system, subject to the investor having sufficient funds available. “This innovation was driven […]

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