Debt payment start-up Credit Clear poaches OpenPay’s CEO Simon Scalzo ahead of raise
Fintech payments technology start-up Credit Clear has poached the CEO of one of its start-up rivals as it prepares to embark on a $10 million capital raising push. The company, which automates the debt collection process and facilitates customer communication over Facebook Messenger, SMS or email, has lured Simon Scalzo from “buy now pay later” platform OpenPay to lead the company. Credit Clear launched in July and has been predominantly funded to date by its chairman and co-founder Mark Casey, a property developer who made $14 million from the sale of a sheep farm near Geelong. Mr Casey started the business alongside SpotJobs co-founder Lewis Romano, saying it would make it easier for people to pay […]
Change Financial partners in Blockchain & cryptocurrency business solution
Change Financial Limited announces it has entered an in-principle agreement to develop an innovative blockchain and cryptocurrency technology to provide solutions for the $1,250 trillion global payments market [1]. Continuing with its vision to create a ‘better way of banking by utilising innovative and leading technology’, the Company is investing in a partnership to develop a blockchain-based cryptocurrency for business transactions over $10,000. The cryptocurrency will embed critical Know Your Customer (“KYC”) information and transaction-specific payment identification data. The partnership is a natural progression for Change Financial, which has already developed an internal blockchain-based ledger system as part of its consumer banking and Enterprise SaaS offering. The Company […]
Data revolution to transform four pillars model
You’re browsing through Facebook when a message pops up, asking if you’d like to check whether you’re getting a decent interest rate on your savings. Curious, you tap the screen to find out more. It asks you to provide a bit more information about your financial goals – you’re saving for a deposit on a house and hope to buy in about two years. You are then asked to give consent to securely share some key bits of financial information online: your income over the last six months, and your spending over this period. Within seconds, the app has a recommendation: it’s found a bank account and term deposit that […]
SocietyOne takes leadership role on comprehensive credit reporting
SocietyOne, Australia’s pioneering and leading consumer finance marketplace lender, announced that it will provide positive consumer credit information to credit bureaus as part of the move to establish a fully-fledged comprehensive credit reporting (CCR) regime in Australia. SocietyOne will start sending secure data on its customers’ positive credit history in “public” mode from November 2017. With the Federal Government planning to toughen up the country’s existing CCR legislation in 2018, SocietyOne has thrown down the challenge to the major banks to quickly get on board with CCR and help all Australians get a better deal from their credit providers. Among the big four banks, National Australia Bank recently announced that […]
Bitcoin is sliding after bitcoin gold goes live
Bitcoin is trading down 4.5% Wednesday following a split in the cryptocurrency’s blockchain network. Bitcoin gold, the new digital coin formed by the split Tuesday morning, follows the bitcoin-bitcoin cash fork in August. The project website for bitcoin gold is down following a DDoS attack, according to cryptocurrency watcher CoinDesk. The bitcoin community is split over whether forks are good or bad for bitcoin. Bitcoin, the red-hot digital currency up more than 400% this year, was trading down 4.42% Wednesday morning after the blockchain network underpinning the coin split again. As reported by cryptocurrency watcher CoinDesk, bitcoin gold officially split from the bitcoin network Wednesday morning. The new cryptocurrency is a clone of the original bitcoin blockchain, […]
Link4 partners with Squirrel Street for faster invoice processing
Turning the information in an invoice into an entry in a cloud accounting system is a pain point for businesses. Now Squirrel Street’s industry leading AI data extraction and human verification process has been incorporated into Link4 so users can import legacy PDF invoices along with instant, truly digital, eInvoices into any of the six main cloud accounting solutions used throughout Australia. This partnership announcement is a win for all business owners from micro to medium enterprises, as it provides them with functionality often reserved for large enterprises. “Both teams have been working together in order to offer a smooth user experience and increase their productivity,” said […]
Moneysoft launches Round-ups, allowing people to invest spare change into their super and investment funds
Superannuation and investment funds have a new way to boost the engagement of their members and clients with the launch of Moneysoft’s latest digital solution, Round-ups. Round-ups lets people make small, regular contributions to their investment or superannuation account by automatically investing the spare change from their everyday transactions. Whether offered as a stand-alone application or integrated with existing digital platforms, Round-ups is highly customisable for each institution’s individual needs and brand. It’s a turn-key solution that uses enterprise-grade technology and is designed for an optimal mobile experience on smartphones and tablets. “Round-ups is available to superannuation funds, and investment platforms, to help them grow customer engagement and encourage wealth […]
Real-time payments to be launched after Australia Day
A new payments systems is “on track” to be able to deliver real time bank transfers and the ability to ditch BSB numbers from Australia Day. While most people take a break over summer, banks will be putting the finishing touches on the biggest overhaul in the payments system in years. The new payments platform or NPP is a $1 billion project to deliver real-time payments between customers of different banks, and the company to run the system says it will be rolled out to the public after Australia Day next year. The long-running project has been scheduled to be launched this quarter, and despite industry chatter about some banks […]
