Melbourne Fintech to disrupt the way young Australians travel
Melbourne Fintech Pelikin is on the cusp of disrupting the Australian travel money market with its mobile-only multi-currency account and prepaid Visa card. The young team is on a mission to make “travel brighter” for young Australians by providing them with valuable travel and money services that have been built with their best interests first. At its core, the Pelikin app and card will allow users to hold up to five different currencies at once and spend in over 200 countries across the world in an easy, affordable way. Last month, Pelikin released its prepaid card and with a unique vertical and neon yellow design, it’s a far cry from […]
Identitii lists on ASX
Identitii Limited (ASX: ID8), an Australian FinTech enabling the secure overlay of transaction level detail on top of financial messages using a private blockchain, commenced trading on the ASX today at 11.00am AEDT. The listing follows a fully underwritten $11 million raising at $0.75 per share. 14,666,666 shares were issued for an undiluted market capitalisation at listing of $40 million. The Company is also pleased to announce the appointment of Clare Rhodes as Chief Marketing Officer and Mark Garvie as Chief Commercial Officer. Funds raised from the IPO will go towards further development and commercialisation of Identitii’s platform, already in use at a global bank, as well as to appointing […]
AFL great says Hayne will help robo-advice make mark
The findings of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry could play into the hands of robo-advice, reckons Ted Richards, the former AFL great turned director at Australian robo-advice platform Six Park Asset Management. “The royal commission has been sad for certain parts of Australia, but a fantastic opportunity as well,” the former Essendon Bombers and Sydney Swans player says. “We’ve been able to receive a lot of attention off the back of the (Hayne) inquiry.” Richards expects Commissioner Kenneth Hayne’s report and its ramifications to upset the traditional advice delivery model. “Robo-advice really grew in the US on the back of the financial […]
The reasons Bitcoin is still first in the ranks
After a decade, Bitcoin is still ranked number 1 on the list of cryptocurrencies. No other coin has come close to taking its crown and reaching the level of the Bitcoin price. In fact, in 2018, it seems to be cementing its place at the top rather than slipping. We know that Bitcoin is just a protocol and that protocols can easily be copied and forked to create new cryptocurrencies. Many of those new currencies seem to have a technological advantage over Bitcoin. So what is it about Bitcoin that keeps it at the top? Bitcoin is Still Number 1 Despite everything that has happened, Bitcoin has retained over […]
Peppermint’s Bizmoto now remitting to India
Peppermint Innovation Limited announced its international remittance business, Bizmoto, had ‘opened’ up a transfer corridor to India, the second largest global remittance market for Australia in 2017. The activation means people living in Australia can now use Bizmoto’s online portal at www.bizmoto.com.au to send money to their family, friends or relatives in India. Bizmoto will earn revenue by collecting a transaction fee on every money transfer. According to the latest World Bank figures*, Australians transferred USD$1.944 billion to India in 2017 – ranking only second to China (USD$2.922B) as the largest global remittance market for Australia. Vietnam (USD$1.182B) ranked as the third largest global remittance market for Australians, with the […]
BGW Group chooses Link4’s e-Invoicing solution
BGW Group, an Australian wholesaler, has partnered with e-Invoicing company, Link4, to provide seamless invoicing for their customers. Following initial testing, three BGW Group companies are now using Link4’s e-Invoicing system which gives customers instant access to invoices without the need for data entry. CNW Electrical Wholesale, Samios Plumbing Supplies and Sherriff Electrical Wholesalers are already connected to Link4 and are sending their invoices instantly to their connected customers. As this partnership moves forward, BGW Group will be inviting more of their customers to join Link4’s e-Invoicing network. Many Australian businesses are adopting e-Invoicing and joining this wave to automate their business processes even further. For BGW Group customers, streamlining […]
ACCC wants fintechs to improve data standards
The competition regulator wants fintechs receiving bank data under the government’s data porting regime to face tough penalties if they fail to meet stricter privacy standards that will be introduced to protect customers. Releasing a framework for rules to govern the new “consumer data right” (CDR) – which will begin with bank data and then be extended to telecommunications and utilities – the Australian Competition and Consumer Commission said its accreditation regime would require data recipients to be “fit and proper”, have “effective” risk systems to protect information and privacy, and to take out insurance to cover potential data breaches. Suggesting it will adopt a tougher approach towards open banking […]
The power to make corporate banking ‘beautiful’
Small businesses “simply want working capital. They want to know how much, how soon and what it will cost,” says Martin McCann, CEO and Co-Founder of Trade Ledger. As the Australian company establishes itself in Europe, Martin talks with FinTECHTalents about bringing the open banking revolution to corporate banking, overcoming the barriers of Excel spreadsheets with machine learning, AI and bots and plans to bring the winner of their upcoming ‘Code Challenge’ to Sydney. Trade Ledger was founded in 2016 – Why, what problem were you solving? The single biggest reason businesses fail is a lack of adequate funding – globally this equates to an under supply of credit of […]
