FinTech Australia announce finalist for The Finnies 2018
FinTech Australia and Jobs for NSW have come together for the second year to host the national fintech awards, The Finnies. The Finnies will culminate in a Gala Awards Night Wednesday 13 June 2018 in Sydney. For more information go here. Here is the full list of finalists for the 2018 Finnies: Best Workplace Diversity ● BRICKX ● FirstStep Investments ● Link4 ● Valiant Finance Emerging FinTech Leader of the Year ● Brad Delamare – CEO, Tank Stream Labs ● Louis Edwards – Head of Renewable Energy Finance, RateSetter Australia ● Nick Molnar – Co-Founder & CEO, Afterpay ● Jack O’Reilly – Director, funding.com.au ● Rebecca Schot-Guppy – Community Manager, […]
MYOB and BPAY join forces to offer a new payment option for Australian small businesses
MYOB has collaborated with BPAY to add a new payment option to its Invoice Payments solution. The collaboration will see MYOB, one of Australia’s leading providers of business management solutions, offer BPAY payments solutions to small businesses, in addition to the existing credit card payment option as part of its online business solutions. MYOB’s payment software helps small businesses get paid four times faster MYOB’s customer data shows that, on average, businesses take 42.6 days to get paid, while those who convert to MYOB merchants and accept electronic payments directly through the platform are paid in under 10 days. “We know cashflow is one of the big pain points […]
Alibaba Cloud and TAS announce partnership to lead the way in cloud services for Financial Industry in Australia
TAS, a leading technology partner for the financial services sector and Alibaba Cloud, the cloud computing arm of Alibaba Group, have announced a partnership that marks a new era of cloud services to the financial services industry (FSI) in Australia. In this partnership, TAS and Alibaba Cloud will provide a managed, compliant and secure cloud system to further solidify TAS’s longstanding reputation of being a trusted technology partner for the financial services industry and help to further cement Alibaba’s entry into the Australian market. With TAS’s 30 years of deep industry experience and an excellent track record of delivering exceptional end-to-end outcomes for 60 financial institutions – together with Alibaba […]
60% of Australians pay bills using BPAY
Australians have a knack for downplaying their greatest inventions, and BPAY is one of them. 20 years ago BPAY was introduced across nearly every bank in the country to help people pay bills and to help businesses get paid. On average people pay 5 or 6 bills a month, and around 60% of Australians pay those bills using BPAY* 88% of Australians recognise the iconic BPAY logo, as it’s on nearly every major bill in the country and in almost every internet banking platform* According to Keith Brown, BPAY Group’s General Manager of Product, Scheme & Business Development, BPAY is still growing even after 20 years of leading bill payments. […]
Open banking framework to drive customer choice and innovation across Australia
Australia’s fintech industry has welcomed an Australian Government decision to put the customer first by pushing back against big bank delaying tactics and introducing open banking reforms from mid-next year. “A government-backed open banking framework will be a game-changer for consumers and businesses, along with drive a new wave of fintech innovation and growth in Australia,” said FinTech Australia chair Stuart Stoyan. “Finally, customers will be able to use a regulated system to unlock the power of their own data to get access to financial services better tailored to their needs.” “This reform is expected to force downward pressure on lending costs, allow people to more easily manage their budget and […]
2018-19 Budget steady for Australian fintech – but the big news is yet to come
Australia’s fintech industry will benefit from a number of important support measures in last night’s 2018-19 Australian Budget but will be forced to wait for the big news about the details of Australia’s open banking framework. FinTech Australia chair Stuart Stoyan said he welcomed a number of funding measures outlined in the budget. These included: $44.6 million over four years from 2018-19 to help Australian consumers to more easily access and use their own data, with the banking sector to be the first Australian industry sector to be subject to this consumer right. $700,000 in 2018-19 for the Digital Transformation Agency to investigate areas where blockchain technology could ‘offer the […]
Ignition Wealth demonstrates information security commitment
Ignition Wealth’s recent ISO/IEC27001:2013 certification evidences the firm’s advanced information security practices. “The current financial services news cycle has data security at the front of client’s minds. Ignition Wealth is an international business entrusted with our client’s customers’ and members’ financial data. The security of that data is paramount to our bank grade clientele,” said Mark Fordree, Group CEO, Ignition Wealth. Information security has been an essential priority for Ignition Wealth since the firm’s inception. To ensure the safety of our client data confidentiality, integrity and availability we maintain a multi-step risk management process. Ignition Wealth’s information security management system (ISMS) operates to the ISO/IEC’s ISO27001 standards. In response to […]
How cashless payment technology is helping local business thrive
The days when a trip to the ATM was compulsory before strolling to your local market are numbered. Instead small businesses now find themselves faced with the new breed of “cashless consumer”, and adapting to suit. According to a recent survey by the RFi Group, 32 per cent of Australians believe they can go cashless. Fortunately, the advent of low-cost and low-fuss technology allows local businesses, including sole traders, to sell their products and services quickly and easily, whether it’s a small item or a more expensive impulse purchase. A shift in mindset Michael McQueen, retail trend forecaster and bestselling author of How to Prepare Now for What’s Next, says […]
