partnership

Jul
21

Telstra Ventures poised to invest in Blockchain

Telstra is looking to invest in blockchain companies that could help the telecommunications giant profit from a boom in mobile banking. Rocky Scopelliti, a Telstra executive responsible for the telco’s relationships with its clients in the banking, finance and insurance industries said the company is doing its research on blockchain developers with a view to finding potential future partners. A blockchain is an online ledger designed to underpin the trading of digital currencies, such as bitcoin, or other types of digital payments or contracts. The nascent technology is widely tipped to have a profound effect on the global banking sector in the future. “It [blockchain] is a significant and active […]

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Class partners with peer-to-peer lender

Cloud SMSF administration software provider, Class, has collaborated with peer-to-peer lender, RateSetter, to provide self-managed superannuation fund (SMSF) accountants and their clients with a direct-connect date feed. This would allow for automated data entry and transactions processing within Class. Class chief executive, Kevin Bungard, said the increase in digitisation in the finance sector was appealing to all ages and would allow for a streamlined execution of necessary tasks. “Some industry commentators have previously suggested that peer-to-peer lending may be more attractive to Gen Ys,” he said. “RateSetter experience has shown that a significant percentage of SMSFs, which typically comprise older age groups, are very much on board with the concept […]

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EY to partner with fintech hub Stone & Chalk

Ernst & Young (EY) has today announced a corporate partnership with Sydney fintech hub Stone & Chalk. The aim of the partnership is to provide professional advice, support and experience to Stone & Chalk’s startup members. EY’s fintech leader for Australia Anita Kimber explained the importance of getting involved with the fintech community at a grassroots level. “There are obvious synergies in linking innovative fintech startups with larger corporates, particularly given the appetite for new partnerships and M&A,” she said. “There is a massive opportunity here for Australian fintech entrepreneurs to be at the forefront of this trend, but they need access to global markets to reach their next stage […]

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Jul
15

EY to partner with fintech hub Stone & Chalk

Ernst & Young (EY) has today announced a corporate partnership with Sydney fintech hub Stone & Chalk. The aim of the partnership is to provide professional advice, support and experience to Stone & Chalk’s startup members. EY’s fintech leader for Australia Anita Kimber explained the importance of getting involved with the fintech community at a grassroots level. “There are obvious synergies in linking innovative fintech startups with larger corporates, particularly given the appetite for new partnerships and M&A,” she said. “There is a massive opportunity here for Australian fintech entrepreneurs to be at the forefront of this trend, but they need access to global markets to reach their next stage […]

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Fintech startup Edstart launches platform to help parents pay for private school fees

Fintech startup Edstart launched a new lending platform last week to help Australian parents manage the cost of private school fees.   The private school market is the first of many education sectors the company is looking to target, offering low-cost, customised loan packages to make paying education fees simple and easy.   The loans help parents to spread out the cost of school fees over the period of tuition and beyond, allowing 6 years of high school to be paid over 10 years or more.   Co-Founder and CEO Jack Stevens said the company’s focus from day one has been on solving for customer pain points.   “Over 35% […]

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Australian FinTech partners with award winning currency transfer service TorFX

Australian FinTech is here to benefit FinTech companies in Australia and it’s the perfect platform to promote your company, brand awareness and your amazing products and services. To assist on the foreign exchange currency side of your business, Australian FinTech has partnered with TorFX. Australian FinTech have teamed up with award winning currency transfer service TorFX, to provide an alternative to the banks for transferring your funds internationally. A great option for you to transfer your funds is through TorFX. TorFX are assisting a large number of our clients to ensure they receive a more competitive exchange rate comparing to what the banks can offer TorFX are a simple, safe […]

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Jul
12

Mutual banks back fintech accelerator mLabs

Member-owned credit union CUA will turn to young, digitally savvy entrepreneurs to help it address a gap in its business: luring in more young, digitally savvy customers. The Queensland-based company is one of seven mutual banks that have signed up to a new fintech accelerator program run by professional services firm KPMG. The mLabs 12-week program will connect the mutual banks with 14 start-up companies in an attempt to promote innovation. Beyond Bank, Greater Bank, Heritage, IMB (Illawarra Mutual Bank), Police Bank, and Teachers Bank have signed up alongside CUA to work closely with the start-ups to come up with solutions to sector-wide issues, and create prototype products and services. […]

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Jul
06

Rubik expands footprint in Asia with Bank Alfalah Agreement

Australian listed fintech, Rubik Financial Ltd (ASX:RFL) is pleased to announce it has signed an agreement with Bank Alfalah, one of the leading banks in Pakistan, to implement its collections platform, CWX. The agreement brings the total to 5 out of the top 7 banks in Pakistan using CWX and reinforces the company’s market leading position in collections software in many Asian and Middle Eastern countries. Rubik also partners with leading banks in both Dubai and Abu Dhabi. Rubik is joining forces with longtime banking partner Temenos, the recognised global leader in digital and core banking software, on the Bank Alfalah project to integrate its CWX solution with Temenos’ core […]

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