Meet Open Orbit and its nimble problem-solving platform
In every business, there are problems to solve and business processes crying out for improvement. What Open Orbit offers is a unique digital Expertise Automation platform which uses AI techniques to problem solve in a whole new way. Chatting to Niranjan Deodhar, Founder of Open Orbit, Stone & Chalk pick his brains about Open Orbit and the recent win at the Australian Business Awards (ABA) 100 – Winner of Technology and Software categories. Efficiency is obviously Niranjan’s middle name, but where does the name Open Orbit come from? Niranjan says, “Open – because we want to drive collaboration between people who are solving problems. And Orbit which is about looking […]
UK Tech Rocketship Awards take off in Australia and New Zealand
The UK’s Tech Rocketship Awards offer Australian and New Zealand technology scale-ups a new launch-pad for their expansion to the UK. On the hunt for successful Australasian technology scale-ups, the UK Department for International Trade (DIT) has launched its Tech Rocketship Awards in Australia and New Zealand. The Tech Rocketship Awards are open to established Australian and New Zealand scale-ups who deliver innovative, technology-led solutions across a wide spectrum of industries and are ready to internationalise. The Awards will help 8 winners gain exposure, expand their global networks and expedite the set-up of their UK operations through a paid-for, personalised trip to the UK in early 2019. So far, over […]
Max ID launches Australian-first digital technology that provides ‘safe harbour’ identity verification for property transactions in less than 10 minutes.
Max ID, an Australian Fintech facilitator and RegTech specialist, has today publicly launched a technology solution that it believes will bring a broad range of industry players a step closer to their aim of delivering simple, efficient and inexpensive same-day ‘safe harbour’ identity verification for mortgages and property services transactions. Financial institutions and non-bank mortgage lenders have long been endeavouring to provide intra-day, unconditional home loan approvals. There are a number of hurdles to achieving that outcome in Australia, including the requirement to conduct a face-to-face and in-person interview with the borrower to meet regulatory requirements. Until now that requirement has created a conflict between delivering regulatory ‘safe harbour’ outcomes, […]
A fireside chat with Evan Wong, CEO of Australia’s leading Regtech – Checkbox.ai
Evan Wong is CEO and Co-founder of Checkbox. At only 25 he already has two successful startups under his belt. Checkbox is a Regtech solution that enables business people to build software without any sort of coding. Checkbox is to business applications what WordPress is to Web Design. Used by lawyers, accountants and bankers Checkbox is considered the ideal tool to fix the Regulatory and Compliance issues facing many financial institutions. How did you become an Entrepreneur? Evan: I founded my first business when I was 17, an education business called Hero Education. Until that point I’d never shown any signs that I was going to be an entrepreneur. Looking […]
Pull together for the Aussie Drought Row-lief
The entire state of NSW has been declared in drought after a drier than ever June and July. As a result, the state’s farmers are experiencing one of the toughest winters they have seen. With failing crops, water shortages and a diminishing supply of fodder to sustain stock, farmers are struggling just to keep their stock alive, let alone make ends meet. Companies nationwide have been doing their part to help out, donating money to help the families living on the land with necessities, or donating hay bails to help keep their herds alive. As a small business with a big heart, Brisbane-based lender, Jacaranda Finance has decided to jump […]
The two Australian cities that have built global reputations as fintech hubs
Australia has recently seen an increase in fintech-related activity, as the government forms fintech agreements with other countries around the world and launches initiatives designed to boost the industry. At the same time, banks are increasingly releasing innovative new products, and funding for fintech startups continues to gather pace. At present, the country remains a relatively nascent hub for fintech, but with its current rate of development, it has the potential to establish itself as Asia-Pacific’s (APAC) leading fintech hub, a role that Singapore has played so far. The Australian fintech scene is currently driven mostly by its 512 domestic firms, with just 67 foreign startups in the country. However, […]
Micro-investing app Raiz – how it works
Raiz, which until recently was known as Acorns, is a micro-investing platform aimed at Australians aged 18 to 35. Raiz allows people to invest small amounts in the stock market using a smartphone app. Over 500,000 people have signed up to Raiz since it launched in February 2016, though only 164,000 of those are active users. Raiz now has $214 million under management and the average customer has a balance of $1234. Raiz Managing Director George Lucas says Raiz is a user-friendly, automated savings and investment tool which doesn’t seek to generate market-leading returns, though “the average Raiz customer has made 11% per annum since launch and 10.1% per annum […]
Grant Thornton support of Lakeba’s Future Hub consortium to help accelerate Blockchain Growth
Australian technology innovator Lakeba Group, and leading global independent assurance, tax and advisory firm Grant Thornton, have announced a new alignment that will see Grant Thornton’s technology industry team, support Lakeba’s Future Hub. Recognised for being one of the first technology companies in Australia to have live commercial blockchain implementations across a range of sectors, the vision of Lakeba’s Future Hub is to provide a one stop shop solution for Australian businesses looking to adopt blockchain solutions from conception, to development all the way through to tax, legal and regulatory compliance. “With the support of Grant Thornton’s technology industry team, the Future Hub will be greatly strengthened with the proven […]
