UBank launches world’s first consumer Green Term Deposit certified by the Climate Bonds Initiative
UBank is now offering Australians with a sustainable way to invest with today’s launch of the world’s first Green Term Deposit in the customer space certified by the Climate Bonds Initiative (CBI). UBank’s Green Term Deposit is matched to a portfolio of renewable energy projects such as wind and solar power, and low carbon transport and buildings. It allows customers to use the savings in their term deposits to support a positive environmental impact, while still enjoying a high return. Certified by CBI, a not-for profit that has developed a standard for investments which address climate change, UBank’s Green Term Deposit is available to all customers with a minimum $1,000 […]
Xinja appoints Tesla Senior Engineer Thomas Vikstrom to Board
Xinja, which is building an independent, Australian, 100% digital ‘neobank’, today announced that Tesla senior engineer, Thomas Vikstrom, has been appointed to the Xinja Board. Mr. Vikstrom is an engineer with nearly 20 years of experience leading product development and engineering programs at Tesla, Ford, Noble Metal Processing and SSAB HardTech, Inc. Vikstrom is currently a senior engineer at Tesla where he has worked for nine years, helping to develop and introduce Tesla products. “Banking, like automotive in the past, is an industry ripe for change,” Mr. Vikstrom said. “I’ll be looking beyond what is, and imagining what could be, enabling Xinja to disrupt banking and improve the lives of […]
CFA exam to include blockchain and cryptocurrency parts from 2019
With cryptocurrencies here to stay, education needs to start meeting student and employer demand. Blockchain technology and cryptocurrencies will be making an appearance in the level I and II Chartered Financial Analyst (CFA) exams from 2019 onwards as part of a broader new reading called Fintech in Investment Management. The material will be released in August this year, giving exam-goers time to start logging their recommended 300 hours of study time on the topic. Like crypto uptake elsewhere, it’s being largely driven by popular demand from participants, with surveys and focus groups showing strong interest from future analysts and employers. The organisers might be equally onboard. “We saw the field […]
Blockchain is ready for prime time despite its critics
By John Heaton – Moneycatcha CTO Over the last few years the hype around Blockchain has been brought to the forefront via mass entry into cryptocurrencies. This is not too dissimilar to when online trading systems became publicly available in the late 1990s early 2000s. The pattern of behaviour is similar with an opportunity being presented and individuals trying to make a return on investment. As with the online trading systems, there will be individuals who manage to make significant returns on investment but the vast majority made marginal or no returns. Before technology is fully commercialised it endures certain growing pains such as awareness, decision to adopt, initial use […]
Are fintech companies changing the industry for the better?
FinTech is most commonly known as the abbreviation for the term “financial technology” and the name given to an emerging and rapidly growing financial services sector. Financial technology is often used to describe any technological innovations within the financial industry, ranging from banking and investments, all the way through to Bitcoin and other cryptocurrencies. With new technologies come new businesses, and so financial technology companies were born. The question is, however, whether these businesses and the technologies on offer through them are changing the industry for the better, or are they simply a disruption to an already functioning economy? How are fintech companies changing the financial industry? One of the […]
BPS Technology further expands Bartercard operations in USA
BPS Technology continues to execute its Bartercard growth strategy in North America, opening new franchises in New Hampshire, Alabama and Georgia, with at least four more US franchises in the pipeline Leading financial technology platform provider BPS Technology Limited (ASX: BPS, “the Company”) is pleased to announce that it has continued to expand the reach of its Bartercard operations in North America. BPS has recently opened three new Bartercard franchises in Mobile (Alabama), Portsmouth (New Hampshire) and Savannah (Georgia). Mr Paul Bolte, President and Chief Executive of Bartercard USA, said of the new franchisees: “Bartercard is pleased to see our franchise growth strategy working, as we have now brought on […]
