peer to peer

Jul
06

440,000 transactions per second with Red Belly Blockchain

The University of Sydney has recently announced that it has developed a new Blockchain-based system that can perform more than 440,000 transactions per second. Researchers from the School of Information Technologies at the University of Sydney, who developed the new Blockchain, named this system after one of Australia’s most deadly snakes – Red Belly Blockchain, and claim that it has a game-changing potential for the financial transfers industry. Moreover, according to them, the Red Belly Blockchain allows for the exchange to occur in a peer-to-peer fashion, as well as in a commercial environment restricted to certain users, which makes it the first blockchain being built to work both in public […]

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Jul
03

Xpress Super and RateSetter announce integration to boost SMSF access to peer-to-peer lending

RateSetter, Australia’s largest retail peer-to-peer lender, has today announced a partnership with innovative self-managed super fund (SMSF) administration provider, Xpress Super.   The integration provides investors with direct access to their RateSetter account on the Xpress Super platform, making it easier for SMSF investors to earn attractive returns by lending to creditworthy borrowers via RateSetter’s award-winning platform.   Olivia Long, CEO of Xpress Super, says: ““Two of the key benefits of running an SMSF is the ability to select your own investments as well as invest in financial products not accessible with other superannuation vehicles.  This is exactly what RateSetter allows SMSF trustees to do.”   Since RateSetter was established […]

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Jun
27

Winners of the 2nd Annual Australian FinTech Awards 2017

Congratulations to the winners of the 2nd Annual Australian FinTech Awards 2017. The 2nd Annual Australian FinTech Awards celebrate the achievements of the dynamic people and businesses comprising the FinTech sector. These Awards seek to recognise success in the FinTech sector in its many forms. The event was a fantastic evening of celebrating the best innovation, created by the best innovators and entrepreneurs that live and work in Australia. Here are the winners for the 2nd Annual Australian FinTech Awards 2017: FinTech Innovation in payments ZipMoney   FinTech Innovation in Wealth Management (Robo-Advice) Pocketbook   FinTech Innovation in Lending Tyro Payments   Best FinTech Communications Campaign BRICKX   Best Research […]

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Othera is helping Credit Crowd to re-imagine the digitisation and trade of P2P loans on the blockchain

Othera, developer of the Blockchain Lending Platform and Digital Asset Token Exchange that is helping to re-imagine the Alternative Asset Investment ecosystem, has welcomed new lender, Credit Crowd, onto their platform. As a P2P business lender, Credit Crowd are looking to digitise their existing and future loan book to facilitate transparency and liquidity for the issuance and trade of loans by their investors.   Blockchain has captured the attention of financial institutions around the world and has been called the fourth industrial revolution. According to PricewaterhouseCoopers over US $1.4b has been spent investigating and developing new blockchain technology. Othera is one of the few Blockchain technology software companies, globally, with […]

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May
31

The 2nd Annual FinTech Awards 2017

The 2nd Annual FinTech Awards 2017 celebrate the achievements of the dynamic people and businesses comprising the FinTech sector. These Awards seek to recognise success in the FinTech sector in its many forms. This event will be an evening of celebrating the best innovation, created by the best innovators and entrepreneurs that live and work in Australia. Australian FinTech is proud to be a media partner for the 2nd Annual FinTech Awards 2017 to be held in Sydney on 22nd June 2017. Australian FinTech’s CEO and Co-Founder, Cameron Dart, recently named as one of the Top 25 Influencers of FinTech in Australia, is honoured to be one of the judges […]

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May
30

The other credit risk to watch in China: Fintech-fuelled debt

China’s government has copped what Scott Morrison is so desperate to avoid: a credit rating downgrade. But in the discussion about Moody’s surprise move last week to cut its rating for our biggest trading partner, there’s one word that has been notably absent, even though it’s a risk of growing importance to investors and officials. That word is “fintech”. Nowhere are the large potentially huge benefits of fintech – and longer-term risks – clearer than in China. This realisation comes as financial regulators everywhere, including in Australia, start to turn their attention to how these risks could eventuate, if fintech one day grabs a larger share of the financial services […]

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May
29

What is Blockchain Technology and why is it so popular

In 2008, a cryptographer named Satoshi Nakamoto—a name used by the unknown person or persons—invented Bitcoin. It is a digital currency that enables people to conduct peer-to-peer transactions without the help of any third party such as banks. Whenever we do any transactions, it happens through a third party such as a bank and regulatory laws, but in the blockchain schema, these transactions happen securely but anonymously without the involvement of any intermediaries. So you might ask how the current transactions are happening online with debit and credit cards? Current transactions happen through electronic intermediaries where we depend a lot on the third parties for trust and fraud detection. More […]

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May
26

CEFC invests $20m with RateSetter’s ‘green loan’ marketplace

The Clean Energy Finance Corporation will invest $20 million over the peer-to-peer lending platform RateSetter to fund “green loans” for households and businesses wanting to buy clean energy products like solar panels, batteries or electric vehicles. In a unique partnership between a government authority and a fintech lending platform, RateSetter expects the $20 million to be deployed over the next 12 months and for CEFC’s presence in its new “green loan marketplace” to attract other retail and institutional investors into the asset class, including local superannuation funds. The investment committee at CEFC – which has invested around $2.8 billion in the clean energy sector since it was established by the […]

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