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 […]
On this trajectory it won’t be long before one Bitcoin is worth $1 million a pop
By Fred Schebesta, Co-Founder & CEO of finder.com.au Eight years ago, if I told you you’d be a millionaire today if you invested in Bitcoin, would you buy it? Back then, Bitcoin was one of the first cryptocurrencies to hit the market and had a price tag of $0.08 ($US0.06) per coin, as recorded in 2010. This month, it hit a record of $10,417 per coin. You would have only needed to buy 95 coins at a total cost of $7.68 to be worth $1 million today. Based on this trajectory, it won’t be long (perhaps a few years) before one Bitcoin will be worth $1 million a pop. It’s […]
A Focus on the Digital Currency
When the Internet was invented, everyone began to look for ways to make money online. Most of these ways involved using the power and connectivity of the Internet to improve upon old industries. Advertising, retail, communications – everything was being disrupted. The banking industry was the last to be disrupted because of all the regulatory restrictions that are in place with respect to the management of money. Options like PayPal began to emerge as early as 1998, but these systems were mostly just centralized online managers of fiat currency rather than completely new digital currencies. The first true digital currency that has ever received mainstream attention is Bitcoin. It was […]
Sharequity wants to lead equity crowdfunding in new direction
Australia’s newest equity crowdfunding platform, Sharequity, is planning to work with the corporate fundraising sector rather than compete with it as the first companies get ready to raise capital through the crowd in Australia. Founded by former GMP Securities Chief Operating Officer, Asia Pacific, Geoff Reilly and backed by leading crowdfunding figure Jack Quigley, Sharequity already has several companies ready to raise capital by traditional routes, and then through equity crowdfunding when it’s license is approved. Sharequity, which will also feature other complimentary products, has also already signed a partnership with share registry business Automic and expects to do deals with more corporate advisors, brokers and other traditional […]
Investment platform Stake opens the US floodgates for self-managed super accounts
Stake, the fintech platform redesigning investing for Australians, today announced the beta launch of Stake Premium, which gives self-managed superannuation funds direct access to commission-free US share trading for the first time. Stake has also appointed Matthew Rady, a global financial markets expert and former IRESS executive, as Head of Business Development to help expand Stake into new services and offerings for investors and prospective partners. Stake Premium takes the features already available to Stake members — zero brokerage, paperless sign-up and a powerful dashboard to discover and buy US shares at any amount — and makes it available to the $700 billion SMSF market in Australia to help diversify […]
Fintech launches broker version of ‘Fitbit’
HashChing has introduced a Fitbit-like service which allows brokers to “dig deeper” into analytics, track performance and hold themselves “accountable to customers”. The upgrade is centred on a new performance analytics function that measures each broker’s personal metrics, including the number of reviews, the average response time and success rate. By allowing brokers to track their performance indicators and understand how those indicators impact overall ratings, HashChing hopes that the dashboard will act as a “powerful motivator” for brokers to improve service. Atul Narang, chief information officer of the fintech, said that the update was made in response to industry discussions around driving positive consumer outcomes in the mortgage industry. […]
ClearView selects Prime for scaled advice
IRESS today announced that ASX-listed wealth management, financial advice and insurance group, ClearView, has selected XPLAN Prime as its objectives-based, scaled-advice solution. XPLAN Prime allows financial advisers to deliver objectives-based scalable advice to meet a range of client needs and save significant time, by leveraging the advice capabilities of the XPLAN platform. IRESS Managing Director for Wealth Management, Tizzy Vigilante, said: “We are delighted to be delivering Prime for ClearView. XPLAN Prime is available and suitable for all businesses providing financial advice. “We know consumers everywhere are increasingly seeking more options in what financial advice they receive and how advice is accessed for specific or comprehensive needs. […]
Xero signs on 100 Australian financial institutions and bolsters team
Xero, the global leader in cloud accounting software, today announced it has recently signed agreements with 100 Australian financial institutions for direct bank relationships, a major milestone in opening up banking, lending, and growth opportunities to Australian small businesses. Xero’s growing Financial Web now includes the ability to connect to 95 per cent of all transaction accounts that our small business customers access every day, making it easier than ever for Australian small businesses and their advisors to connect their accounting dashboard directly to almost any bank or financial services provider in the country. That includes everything from a Big 4 Bank to a regional credit union, helping small businesses […]
