A broken chain of investment providers: why investors pay the price
by Doug Morris, CEO, Sharesight Buying food from a shop is so simple, it’s something many of us take for granted – but it doesn’t have to be. Instead of taking say, a carton of eggs to the checkout, imagine having to first ask the farmer if they’re free-range or caged, the grader for the size and quality, the Food Standards board for nutritional information, and (finally) the shop for the price. Investors face a similar proposition every day. Crucial information such as performance data, tax reporting, share dividends, corporate actions, and cost bases are spread across online brokers, share registrars, investment platforms, wraps and even old-fashioned spreadsheets. Bringing these […]
Hashching creates virtual ID system for first fully-digital loan approvals
Hashching, a website for home buyers to choose mortgage brokers, has built the first fully-digital process for home loan verification in Australia, which would allow banks to comply with strict regulations for identifying clients without having to send them to a branch. This weekend, Hashching, which has processed $2.6 billion of mortgages since launching 15 months ago, will begin the pilot for a biometric identity verification service allowing brokers on its platform to satisfy strict “know your client” (KYC) banking regulations by asking a customer on a video call to hold up a proof of identity to the camera on their computer or mobile phone. Across the banking industry, KYC […]
DigitalX Ltd files unique blockchain patent for its money transfer app
DigitalX Ltd (ASX:DCC) has filed its second global provisional patent application, further strengthening the company’s ‘AirPocket’ blockchain-based money transfer app. AirPocket can also be used to pay bills and top-up phones. The new patent describes a method for creating and storing a digital ID on a blockchain, and providing the owner of the ID a way to grant access to historical data from a point in time. In AirPocket, this method is known as an “AirID”. An AirID is created for each user that is digitally on-boarded via AirPocket once successfully passing Know Your Customer, Sanctions and Politically Exposed Person checks. These three processes are necessary to make international payments […]
DASH integrates with Living Room of Satoshi bill pay service
Dash, the “better bitcoin,” has been integrated into one of Australia’s most promising cryptocurrency companies, Living Room of Satoshi, a business that has already revolutionized the way people pay their bills online. Founded only two years ago, Living Room of Satoshi was named 2015 Australian Startup of the Year award by StartupSmart for the innovative way the company allows Australians to pay their everyday bills with cryptocurrency, including rent, utilities, insurance bills, phone bills, speeding fines, credit card debt, and government tax bills. The service is linked to BPAY, an online bill payment mechanism accepted by over 45,000 companies across Australia. Today, Dash joined Bitcoin as the only alternative currency […]
WorldRemit achieves key volume milestone underpinned by strong user growth
WorldRemit achieves key volume milestone underpinned by strong user growth, with Australian market a key driver WorldRemit now processing over 500,000 transactions per month 100,000 transfers sent from users in Australia alone 160,000 transfers received directly on mobile phones Signalling rapid and accelerating global growth, online money transfer service WorldRemit announced it had processed more than half a million transfers in a month for the first time ever in September, with more than 100,000 transfers sent from users in Australia alone. The milestone continues WorldRemit’s record for consistent transaction volume growth, showcasing strong fundamentals – consistent, growing revenues streams and a clear path to profitability. Global turnover is […]
6 Things You Should Do to Avoid Fake Bitcoin Wallet App Scams
It is now apparent that a fake wallet app is the newest Bitcoin theft risk you should score. You’ve probably heard that Apple Store and Google Play have very stringent app review processes. That they only allow apps that won’t harm you to access through their platforms. If that gave you a sense of security, I am sorry to tell you it is a false one. Members of the bitcoin community have just discovered about eight fake bitcoin wallet apps in the Apple Store. They were all imitations of some the most used Bitcoin wallet apps, including Coinbase, BreadWallet, BitGo, Armory and Green Address. If you, unfortunately, happened to download […]
Adelaide Fintech solution disrupts Invoicing
Adoption of cloud software has gained acceptance and is increasing dramatically. Over 600,000 Australian businesses currently use cloud accounting solutions. And yet, when they send an invoice they need to print and post it, or PDF and email it. This is because cloud accounting systems do not talk directly to other cloud accounting systems. An Adelaide Fintech company has worked to address this problem with a solution called Link4. Link4 delivers your invoice instantly to your customer. It creates a secure Link that allows cloud accounting systems to be connected. This includes popular systems like Xero, MYOB, Quickbooks, Reckon and SageOne. No matter which cloud software a supplier uses, Link4 […]
