foreign exchange

Mar
19

Novatti joins IBM World Wire network as a foundation member

Novatti Group Limited (ASX: NOV) announces it will join IBM Blockchain World Wire1, a real-time global payments network for regulated financial institutions such as Novatti’s subsidiary Flexewallet Pty Ltd. IBM World Wire is designed to optimize and accelerate foreign exchange and remittance services through a New Cross-Border Payments Network Supporting Real Time Payments and Foreign […]

By Australian FinTech | Currency . FinTech . Payments
DETAIL
Feb
26

Australian regulator trials Blockchain to Automate Transaction Reporting

An Australian financial regulator is trialing blockchain technology to automate reporting of cross-border transactions by institutions. ZDNet reported Sunday that the Australian Transaction Reports and Analysis Centre (AUSTRAC) has partnered with the Swinburne University of Technology in Melbourne to build a prototype for the trial. The two partners will specifically examine how blockchain and smart […]

By Reposted by Australian FinTech | Blockchain . Currency . FinTech . Payments
DETAIL
Feb
20

New York fintech startup trueDigital’s new CEO to bring cross-border payments to Australia

trueDigital Holdings, LLC, a global provider of financial infrastructure technologies and products for the digital economy, announced today it has appointed former Bridgewater Associates executive Thomas Kim as its Chief Executive Officer and a Member of its Board of Directors. Kim brings an extensive track record of trading technology leadership at multiple major financial institutions […]

By Australian FinTech | FinTech . Payments
DETAIL
Feb
19

Novatti just started making pots of money from its Alipay bill website

Novatti isn’t buying Australian milk to send to China, but has found another way to tap the moneyed Chinese population at home and overseas. The company says its gamble on a payments service for China residents to pay bills in Australia is paying off so well they’re looking at transaction volumes rising from $460,000 in […]

By Reposted by Australian FinTech | Currency . FinTech . Payments
DETAIL
Jan
24

International payment transfer provider FlashFX enhances additional customer on-boarding security

4Stop a leader in providing premium global KYC, compliance and anti-fraud technology announces today they are live and operational within FlashFX’s global payment transfer solution. FlashFX is an international money payment service that can transfer to 35 countries across 18 currencies securely, quickly and with no transaction fees. It is underpinned by the latest technology […]

By Reposted by Australian FinTech | Currency . FinTech . Payments
DETAIL
Jan
15

HSBC used blockchain to settle $250B worth of trades

HSBC has settled $250 billion worth of forex trades using blockchain in the last year, it said on Monday, suggesting the heavily hyped technology is gaining traction in a sector until now hesitant to embrace it. The bank has settled over three million forex trades and made over 150,000 payments since February using blockchain, it […]

By Reposted by Australian FinTech | Banking . Bitcoin . Blockchain . Currency . FinTech . Payments
DETAIL
Jan
10

XRP reaches Australia as FlashFX adopts Ripple’s cryptocurrency

In a move that has given a boost to the cryptocurrency market, FlashFX, a payment transfer platform, has announced the launch of its latest cross border payment solution using XRP that is targeted to improve the concept of foreign exchange in Australia. Nicolas Steiger, the Chief Executive Officer of FlashFX stated that: “We are excited […]

By Reposted by Australian FinTech | Currency . FinTech . Payments
DETAIL
Nov
28

Fintech currency wars heat up as Pelikin prepares to launch

A travel cash mishap in Croatia was Sam Brown’s inspiration to launch startup Pelikin into the competitive space of travel money and foreign exchange. “I was in Croatia, I went to get money out, put my travel card into the ATM and then cancelled my transaction because I changed my mind. My travel provider thought […]

By Reposted by Australian FinTech | Currency . FinTech . Investing . Payments
DETAIL