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How Blockchain is boosting the Fintech Sector
The Financial Technology sector, commonly known as Fintech, has changed considerably over the years. From the introduction of ginormous super computers in the 1970’s that would struggle to compete with the average phone for power these days, technology has advanced the finance world. The 1980’s saw automated stock exchanges and the increased use of computer […]
Australian fintech Airwallex confirmed as latest fintech unicorn following Series C fundraising
Airwallex confirms unicorn status following a successful Series C fundraising round of $100m USD, valuing the company at over $1bn USD. Founded in Melbourne in 2015, Australian fintech Airwallex has grown from an emerging start-up to a global challenger in the crossborder payment space, supporting a client base of internet titans including JD.com, Tencent and […]
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 […]
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 […]
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 […]
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 […]
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 […]
