Major Australian fintech Tyro just hired the UBank founder as its CEO
UBank founder Gerd Schenkel has been hired as Tyro Payments’ new CEO to build the fintech company’s next-generation bank. Schenkel has been hired by Tyro, Australia’s fast-growing nextGen banking institution, to run an ambitious growth plan and a strong public advocacy campaign. “When someone of Gerd’s talent becomes available you grab the opportunity with both hands,” says current CEO Jost Stollmann. “Now that Tyro has a bank licence and $100 million in new capital, Gerd joining the Tyro team as new CEO is the last piece needed to deliver very strong growth in the years ahead.” Stollmann, the company’s largest shareholder, will continue as a full time executive director. Gerd […]
The coolest 100 people in Australian tech
Business Insider Australia’s Tech 100 is a comprehensive list of the coolest people in Australian tech. It highlights achievements in the sector over the past 12 months. Congratulations to those cool people from the world of FinTech, FinTech Startups and FinTech Hubs & Accelerators, FinTech VC’s and Investors in Australia…. 12. & 13. Dan Petre and Craig Blair, co-founders, AirTree Ventures 15. Jason Yetton, MD and CEO, SocietyOne 20. Stuart Richardson, founder and managing partner, Adventure Capital; co-founder, York Butter Factory 21. Paul Bassat, co-founder, Square Peg Capital 23. Maile Carnegie, group executive digital banking, ANZ 24. Jost Stollmann, CEO, Tyro Payments 25. Niki Scevak, managing director, Blackbird Ventures […]
Link Group invests in technology solutions provider Moneysoft
Link Group (ASX: LNK), a global provider of fund administration, share registry, shareholder management, analytics and services, today announced an investment in Australian technology solutions company, Moneysoft. Moneysoft is a provider of Personal Financial Management (PFM) tools that incorporate real-time data, budgeting, reporting capabilities and more, to assist financial advisers and their clients to better manage their money and reach their financial goals. The strategic partnership with Moneysoft will augment Link Group’s offering to both superannuation funds and listed company clients as the two parties join forces and explore opportunities to collaborate on new products and innovations. Initially, Link and Moneysoft will release a number of products designed to help […]
Valiant announces partnership with Octomedia to launch Inside Small Business LoanConnect
Leading fintech business loan marketplace, Valiant and Inside Small Business publisher Octomedia, announced the official launch of an exclusive partnership to bring business loan solutions to Australia’s small business community. The partnership is a major Australian publishing first which delivers an exclusive business loan search and application portal as a co-branded offer: Inside Small Business LoanConnect. By dynamically accessing Valiant’s panel of 35+ leading lenders, Inside Small Business LoanConnect compares small business owner’s loan requests to the lender’s credit criteria. Matching works instantaneously through Valiant’s proprietary marketplace technology – saving business owner’s time and stress. Valiant Co-founders, Alex Molloy and Richard Cotton expressed excitement for the new […]
An Aussie fintech startup is helping financial advisers fight back in the war against robots
It’s not exactly bleak, but the future for financial advisers – humans ones – is a littler cloudier now than it has been in the past. Cheap roboadvice products are infiltrating the market, offering easy-to-use products, advice and even investing money on a user’s behalf. The key word is “cheap”, as the traditional perception of having a financial adviser is linked to earning a higher than average wage. With more and more people responsible for managing their own retirement funds, roboadvisers give lower wage earners some sense of security about what to do with their savings. But recent studies show roboadvisors are also gaining popularity with high-net-worth investors. They’re not […]
Australia among first to introduce bitcoin regulations
Australia will be one of the first countries to impose regulations for bitcoin and other cryptocurrencies under anti-money laundering and counter-terrorism laws. Australia’s financial intelligence agency, AUSTRAC, is co-hosting a counter-terrorism financing summit with in Bali and, ahead of this, has highlighted that ecurrency such as bitcoin enables terrorists to transfer money anonymously. Justice Minister Michael Keenan said: “The report recommends strengthening an already robust legal framework to respond to new and emerging threats.” “The government is committed to facilitating growth and innovation in this sector and appropriate anti-money laundering and counter-terrorism financing regulation will aid that development.” The AUSTRAC report, Terrorism Financing in Australia 2014, said: “Terrorist groups engaged […]
Apple says Australia’s banks pose a security threat to iPhones
Apple has launched a blistering attack on three of Australia’s big banks, saying their request to collectively negotiate over digital wallet access to the iPhone will compromise the handset’s security, reduce innovation and blunt Apple’s entry into the payments market in Australia. In a sign of growing acrimony between the world’s largest company and the Commonwealth Bank of Australia, National Australia Bank and Westpac Banking Corp, Apple told the Australian Competition and Consumer Commission that “allowing the banks to form a cartel to collectively dictate terms to new business models and services would set a troubling precedent and delay the introduction of new, potentially disruptive technologies”. The three large banks […]
Visa hunts Australian and New Zealand fintech start-ups with launch of contest
Payments giant Visa is on the hunt for Australia and New Zealand-based fintech start-ups, with the local launch of a contest it hopes will encourage the brightest young companies to develop applications on its network. They will open up applications for the contest it calls The Everywhere Initiative this week, which will require tech companies to tackle real world challenges faced in the financial services sector, with entries closing on August 26. Visa’s global head of digital and marketing transformation Shiv Singh told The Australian Financial Review that while the contest winners would have the opportunity to win up to $70,000, the real value came in the chance to run […]
