Stone & Chalk launches in Adelaide
Stone & Chalk is partnering with the SA Government to establish a start-up hub at Lot Fourteen, the largest innovation precinct in the Southern Hemisphere.
Aus ETFs near $50bn
ETFs were also reported to reach a record in terms of trading value, with more than $4 billion of value traded over the month for the first time.
India ETF to launch to Aussie market
Swinburne Uni joins forces with Bendigo Bank to establish FinTech degree
Swinburne University of Technology has built on its partnership with Bendigo and Adelaide Bank to develop and deliver a Master of Financial Technologies
Apple Pay: Westpac, NAB have no timetable for implementation
Westpac and NAB customers will have to wait awhile to use Apple Pay, with both banks unwilling to give any indication when they would provide the digital payment option.
The investment millennials are turning to instead of property
Millennials now make up 29% of all exchange traded fund investors in Australia, compared to 19% five years ago. The number of Australians invested in exchange traded funds (ETFs) continues to rise, with more than 385,000 investors as of October 2018 representing a 20% increase for the year prior. Of these 385,000 Australians invested in ETFs, 29% are millennials which is up from just 19% in 2013. An ETF is an investment product that tracks the performance of an index, for example the ASX200. ETFs are traded on an exchange like regular shares and offer investors instant diversification. “The ETF industry has continued to grow and mature in Australia, and […]
Fintech investment doubled while Australian banks hammered
Investment in financial technology startups more than doubled last year while Australian banks came under intense public scrutiny for their treatment of customers. Globally, fintechs managed to attract US$26.7 billion investments in the 2017-18 year, which was 107 per cent more than the year before, according to Accenture analysis of CB Insights data. The increase could be directly attributed to fintech’s explosive growth in China, where the amount of money that went into the sector stunningly increased nine-fold. Its US$25.5 billion of capital raising in this nation alone almost matched the US$26.7 billion generated in the rest of the world. Australia saw similar growth with US$756.7 million total investment into […]
Mint partners with Velocity Frequent Flyer
Australian-based Mint Payments (ASX: MNW) has partnered with Velocity Frequent Flyer, the frequent flyer program of Virgin Australia. Following last month’s launch of their “Rewarding Payments” brand platform, Mint has entered into a partnership with Velocity Frequent Flyer that enables merchants to earn Velocity Frequent Flyer Points on eligible transactions processed through Mint’s payment services. Mint Payments’ Co-founder & Group CEO, Alex Teoh, said, “Our partnership with Velocity has been launched in response to overwhelming feedback we’ve heard from merchants — that they just don’t see any meaningful value for the fees they’re charged by payment service providers”. “The partnership is an important part of our promise to merchants; it […]
