SelfWealth take out Australian Business Award for Software Innovation
SelfWealth has been recognised as an ABA100 Winner in The Australian Business Awards 2016 for Software Innovation. The award recognises SelfWealth’s achievements in the Financial Technology (fintech) industry through the research and development of SelfWealth INTELLIGENCE & TRADING. Andrew Ward Founder and Managing Director of SelfWealth says the award recognises the transformative nature of SelfWealth INTELLIGENCE & TRADING. “Winning the ABA100 award for Software Innovation in the Australian Business Awards means a great deal to us, we are passionate about providing financial technology to help investors achieve greater returns. Our team have worked tirelessly over the last few years building a solution that fits all investor’s needs. Winning this award […]
zipMoney – User Experience
We here at Australian FinTech are mad mountain bike riders. So when one of us – me – decided it was time to buy a new bike, this time a road bike, I thought that instead of just walking in and paying cash or dumping it yet again on the credit card, why not utilise an Australian FinTech company to assist with the purchase, interest-free. And here are the reasons: We here at Australian FinTech wanted to see how these FinTech companies work, how easy it is and how they perform; how much effort it is to apply and get interest-free credit; how ingenious the technology is; we wanted to […]
The fintechs targeting SMEs
Fintech companies have increasingly started targeting SMEs looking for ways to finance their businesses, but fintechs shouldn’t expect a revolution without a few setbacks. At least, that’s the view of some of the industry’s own experts and participants. With the market having had a few years to run its course, digital lenders, payment platforms and other financial technology firms have been given a warning: change, or face extinction. The changing face of fintech In lieu of more banking alternatives, fintech companies have increasingly started targeting more specific niches. It’s these businesses – not just those offering simple loans – that will end up surviving a glut of entrants, experts say. […]
CoAssets to crowdfund small and medium developers
Crowdfunding platform CoAssets plans to help financing small and medium-sized property developers who have been hit by tightening lending conditions, as it prepares to list on the Australian Securities Exchange this month. Founded in Singapore three years ago, CoAssets has grown to be the biggest crowdfunding player in Southeast Asia with more than 50,000 users. The company acts as an online platform to connect lenders to companies seeking alternative financing. The company, with its Australian base in Perth, sees a gap in the market with major banks tightening lending to developers, particularly smaller ones, executive director Dan Smith told The Australian. “We are starting to see numerous inquiries on a […]
Trov continues to attract Silicon Valley’s most talented
Trov, the revolutionary on-demand insurance platform, continues to bolster its core team through the appointment in July 2016 of Neil Sands – previously Salesforce’s Ignite Chief Experience Officer (CXO) – as its Head of Global Partnerships. In his role at Trōv, Sands will be responsible for the expansion of the company’s non-insurance partner eco-system: creating engagement with points of sale (POS), as well as developing other types of retail and brand partnerships. Throughout his years at Salesforce, Sands oversaw the expansion of Salesforce’s enterprise innovation team Ignite, during which time Salesforce won Forbes’ Most Innovative Company four years running, working exclusively with Fortune 500 companies. Sands is the […]
Australia among first to introduce bitcoin regulations
Australia will be one of the first countries to impose regulations for bitcoin and other cryptocurrencies under anti-money laundering and counter-terrorism laws. Australia’s financial intelligence agency, AUSTRAC, is co-hosting a counter-terrorism financing summit with in Bali and, ahead of this, has highlighted that ecurrency such as bitcoin enables terrorists to transfer money anonymously. Justice Minister Michael Keenan said: “The report recommends strengthening an already robust legal framework to respond to new and emerging threats.” “The government is committed to facilitating growth and innovation in this sector and appropriate anti-money laundering and counter-terrorism financing regulation will aid that development.” The AUSTRAC report, Terrorism Financing in Australia 2014, said: “Terrorist groups engaged […]
Two Australian FinTech startups have formed a data alliance
One of the 14 Australian fintechs chosen last month for KPMG’s new accelerator mLabs has formed a strategic alliance with another data-based startup it met through the program. DSYNC, a systems integration platform and part of the KPMG mLabs, and UniLibre, a data solution provider, say the alliance is a great channel potential opportunity. mLabs is an accelerator designed to connect credit unions and mutual banks with some of Australia’s most promising fintech startups. The program follows the successful Energise accelerator run for the energy and natural resources sector last year. Simon Church, DSYNC’s co-founder, says he’s collaborating with UniLibre on multiple projects. And the two companies are in talks […]
Apple says Australia’s banks pose a security threat to iPhones
Apple has launched a blistering attack on three of Australia’s big banks, saying their request to collectively negotiate over digital wallet access to the iPhone will compromise the handset’s security, reduce innovation and blunt Apple’s entry into the payments market in Australia. In a sign of growing acrimony between the world’s largest company and the Commonwealth Bank of Australia, National Australia Bank and Westpac Banking Corp, Apple told the Australian Competition and Consumer Commission that “allowing the banks to form a cartel to collectively dictate terms to new business models and services would set a troubling precedent and delay the introduction of new, potentially disruptive technologies”. The three large banks […]
