What you need to know about Digital Currency security
Last year, the value of the major cryptocurrencies, led by Bitcoin, increased by over 2,000%, leading many investors to believe that digital currencies were truly the investment asset class of the present and future. However, there are many factors which have weighed on the minds of cryptocurrency traders and long-term investors this year such as future regulations, security issues, and real-world applications of digital coins. In fact, many of these factors are what caused the recent meltdown of cryptocurrency value at the beginning of 2018. While many cryptocurrency experts feel that regulation is key to legitimizing the digital currency markets, the security issues still pose a problem for them when […]
The fintech transforming the cash investment sector for advisers
While investing cash as part of a client’s defensive investment portfolio is a necessity, many advisory businesses find the current lack of choice to be challenging. Traditionally the time taken to action cash investing, incremental costs together with laborious paperwork outweighed the effort by the adviser and the ability to enhance returns for the client. Cashwerkz, a leading edge Fintech company has developed a platform for advisers who wish to maximise earnings on defensive cash allocations, whilst simplifying the administration time to establish, transact and manage term deposits. Cashwerkz Relationship Manager, Lisa Gregory, explains “The combination of low interest rates and an increased administrative burden have made it far more […]
Could Xinja be Australia’s first neobank?
Banking startup Xinja is built solely for mobile and will target tech-savvy consumers. Fintech startup Xinja is on track to becoming Australia’s first neobank, otherwise known as a challenger bank, and has already raised close to $3 million this year. The funding will help launch 5,000 prepaid debit cards to customers before expanding its product offering to bank accounts and mortgages. Xinja will provide a banking solution for tech-savvy customers who want to be able to operate completely via their mobile phone. It will enable customers to use new accounts instantly, to see transactions in real time and to follow their money using simple virtual tools. The government announced in […]
Square’s first year of payments: over 60,000 Australian sellers served
Square recently celebrated their one-year milestone since launching Square Reader in Australia, and are excited to announce that since then over 60,000 Australian small businesses have chosen to use one or more Square products and services—including Square Point of Sale, Square Reader, Square Invoices, Employee Management, Virtual Terminal, E-Commerce and their Payment APIs. It has been a busy year of growth for Square and their community of Australian sellers: Square grew rapidly to over 60,000 Australian sellers served by Square across their entire range of products and services. Square are seeing 13% weekly average growth in transactions processed with Square across all products—supported by the unique proposition of Square […]
iSentric enters Fintech partnership and collaboration with Public Bank to introduce mobile payment solution
iSentric Ltd (ASX:ICU) is pleased to announce that its wholly owned subsidiary iSentric Sdn Bhd which specialises in financial technology solutions has entered a collaboration agreement with Public Bank Berhad (“PBB”) to jointly develop and introduce a mobile payment solution for the Malaysian market. The mobile payment solution will adopt similar mobile technology as other mobile payment service providers such as Apple Pay, Samsung Pay, Alipay and Tenpay. iSentric will be the sole solution provider for PBB for processing payments from merchants. The mobile application will be made available on Android and iOS platform and will contribute towards the progress of the payment ecosystem in Malaysia. This new FinTech driven […]
End of an era as Australian start-up pioneers Pollenizer call it a day
Pioneering Australian start-up incubator and consultancy Pollenizer will shut down after conceding that it had failed to find a sustainable business model for its operations. The company, which has nurtured hundred of local start-ups since being founded in 2007 by Phil Morle and Mick Liubinskas, officially told staff and investors on Tuesday that it had reached the end of the road. Mr Morle had been running Pollenizer as sole chief executive since Mr Liubinskas left to join Telstra-backed incubator Muru-D. Mr Liubinskas has been based in San Francisco since last year as Muru-D’s venture portfolio manager, but remained a director at Pollenizer. Mr Morle told The Australian Financial Review the […]
A UBank co-founder has joined Australian fintech startup Tyro
Tyro, the first-ever fintech startup to get an Australian banking licence, has continued on its high-powered recruitment spree, nabbing financial industry veteran Natalie Dinsdale to its leadership team. Dinsdale, who was one of the founders of NAB’s online-only brand UBank, has been appointed Tyro’s head of brand & marketing. “Tyro is one of Australia’s most remarkable growth stories, and the opportunity to be part of an organisation dedicated solely to giving SMEs a better deal is incredibly exciting,” she said. While Dinsdale has been involved in the high-profile launch of Virgin Money’s mortgages business and was a part of Bankwest’s push into the east coast, her latest gig was leading […]
Goodbye to the property middle man?
Our property industry has many “middle men” businesses that help get deals done and make a profit as a result. Sometimes their role is very important and they provide a valuable and efficient service, and sometimes they are little more than a tax on doing property business. These “middle men” businesses are set to be challenged profoundly as Blockchain technologies start to enter the market over the next five to 10 years. A whole lot of hype is taking place around Blockchain at the moment, in particular how the Blockchain technology behind Bitcoin will revolutionise the way we do business, trust each other, and interact without middle men. Blockchain is […]
