Australian FinTech company profile #13 – Arctic Intelligence
Arctic Intelligence is a RegTech business that provides market-leading audit, risk and compliance software in the financial crime risk management area.
Key benefits of robo-advisors in Fintech
Rejected by banks: SMEs struggle to secure finance
Australian FinTech company profile #5 – SavR
Australia’s Consumer Data Right to open banking
by Doug Morris, CEO, Sharesight In collaboration with Fintech Australia, Sharesight has officially endorsed a submission on the Treasury Laws Amendment (Consumer Data Right) Bill 2019 that seeks to create the Consumer Data Right (CDR) with an amendment to the Competition and Consumer Act 2010. The Consumer Data Right (CDR) will mandate that banks and financial institutions (before later extending to telecommunications and utility providers) make it easy, safe, and practical for consumers to share their data with third parties — including competing services. It’s one of several critical ingredients needed to improve the financial outcome for Australians. Open Banking initiatives are already in place in the UK, and progress […]
Australia punches above its weight with Blockchain Innovation
ACS, the professional association for Australia’s ICT sector, today announced the publication of Blockchain Innovation: A Patent Analytics Report at Barangaroo, Sydney. Through providing insight into innovators in blockchain technology – based on patents filed – the report will assist both businesses and governments in understanding the technology and the degree to which it is a critical enabler for continued economic growth. ACS President Yohan Ramasundara said, “Blockchain has been hyped as one of the most transformative and disruptive technologies on the immediate horizon. With the global market forecast to grow to US$60 billion by 2024, Australian businesses and governments alike have ample opportunity to leverage the technology as it matures.” The […]
Yet another end of Cryptocurrency? What influences the market now
Most cryptocurrencies have seen their growth slow down in recent months. The prices of Bitcoin and major altcoins have leveled out at a point well below their peak prices. While some investors take this as a sign that the market is starting to mature, others see this trend as disconcerting. The situation surrounding cryptocurrency is not what it was a year ago. This also means that the factors that influence the market have changed, although some factors are enduring and will always affect cryptocurrency performance. Here are some of the major factors influencing the market right now. Bitcoin Price The price of Bitcoin influences the prices of all other digital […]
Equity Crowdfunding: A Fintech Story
by Steve Kourabas* Digital Revolution The period following the global financial crisis of 2008 has brought with it massive changes to the digital economy. Almost every human interaction, and almost every organisation, has been impacted by the technology boom, which has brought with it new opportunities for innovation and dynamism. Developments in the area of finance have been particularly pronounced, with Fintech (a contraction of “finance” and “technology”) offering the opportunity to an increasing number of consumers around the world at all income levels to participate in financial markets.[1] Equity Crowdfunding (ECF) is one such advancement in the Fintech space that offers the opportunity for small and medium enterprises […]
