Bravura Solutions: Technology Provider of the Year
Congratulations to Australian FinTech company Bravura Solutions who have won the Technology Provider of the Year at the FStech 2016 awards. Bravura Solutions Pty Limited is a trusted provider of software solutions for the wealth management, life insurance and transfer agency industries, underpinned by functionality rich technology that enables modernisation, consolidation and simplification. Now into its 16th year, FStech Awards took place on 17 March at the London Marriott Hotel, Grosvenor Square. Lloyds Banking Group, Misys, VocaLink, Barclays, LV=, SWIFT and Bank of America Merill Lynch were among the winners last time around. At the 2015 FStech Awards, over 450 of the financial services sector’s best and brightest were out in […]
SelfWealth announces new product offerings
Peer-to-peer investment start-up SelfWealth is preparing to launch two products at the end of this month aimed at addressing “the frustrations” that consumers face in financial advice today. Known as SelfWealth INTELLIGENCE and TRADING, founder Andrew Ward said the two products are targeted at simplifying stock trading by allowing a larger number of investors to enter the market and take control of their investments. “We’re a peer-to-peer investing group that uses the intelligence of the community to construct portfolios for investors,” Ward said. “Fintech is all about challenging the current norm [and] the end consumer is the number one piece in the puzzle. When you focus on that, [you are] […]
Fintech Revolution Comes to Mid-Market Capital Raising
Innovation and growth amongst SMEs in Australia continues to be stunted in the wake of the GFC, resulting in staff being laid off and businesses facing an increased risk of bankruptcy. At a time when innovation is being pushed as a national agenda, 400,000 small- and medium-sized companies say a lack of finance is preventing them from innovating, and one in six cannot grow, according to ABS & NSWBC figures. John Mitchell-Adams of Destinations Africa said: “Our bank of 10 years rejected our application for capital we needed for a strategic acquisition. We are a financially sound company that has been steadily growing for over seven years but I guess […]
Moroku releases Australia’s first device agnostic, mobile business and payments platform
Moroku has released Australia’s first device agnostic, mobile business and payments platform. Designed to allow small businesses to manage their customers, products and sales, the Marrakash android app not only creates and stores orders, when installed on an NFC enabled phone the app can take “Tap and Go” credit card payments. Until Marrakash, merchants need to pay up to $80 per month to rent a card terminal from one of the banks. That’s a sizeable monthly outlay especially if you have multiple sellers out and about. The app is multi user, so if an electrical contractor has 4 or 5 electricians driving around the country taking payments for installations, each […]
Stockspot set to revolutionise the investment landscape with new technology
Fintech company Stockspot is set to revolutionise the Australian investment landscape, by becoming the world’s first automated investment service to offer clients the option to personalise their portfolio with investment themes. Stockspot Themes is a new offering that lets qualifying investors steer the direction of their portfolio, by choosing from 14 different investment themes, including socially responsible shares, global shares, property and international bonds. Themes are combined with the Stockspot Model Portfolios to create personalised portfolios that are diversified across thousands of companies. “Some of our clients already own Australian shares, so want more of a tilt towards global shares in their portfolio. Likewise we have clients coming to us […]
HashChing cracks the growth hacking code with young millennials
Growth hacking – the new buzzword for the techies – a growth strategy for businesses heartily embraced by many bold and out of the box startups and denounced by the conventional marketer. Simply put, growth hacking refers to using creative and technical marketing techniques with the sole purpose of growth. Current online users are quite wary of signing up on websites and providing their personal information. A lot of talent and creativity is required to engage them to sign up for a website or subscription; exactly what growth hackers do by organizing cool competitions, building email lists, offering double sided referrals and much more. If you are a start-up planning […]
Federal government set to introduce “regulatory sandbox” to help early-stage fintechs
Treasurer Scott Morrison has outlined the government’s plans to remove regulatory hurdles for early-stage startups in a move that could further push Australia towards being a regional leader for fintech, Fintech Melbourne founder Andrew Lai says. Morrison says a range of policy changes, including the introduction of a “regulatory sandbox”, will be released next week with the aim of helping entrepreneurs commercialise financial services technologies and cut through the red tape, as the Sydney Morning Herald reports. It follows a meeting between government representatives and a newly formed fintech advisory council last week. A regulatory sandbox was also one of three core policy requests from national body Fintech Australia, presented […]
Start-ups to banks: Wake up, Australia
It is Australia’s great sense of complacency that has opened the big four banks up to competition from an array of fintech disruptors, who are forming their own ecosystems to challenge the majors. That was the key message from a panel of financial technology players at a business conference yesterday who argued that the $30 billion of net profits made by the banking oligopoly each year made them a fair target. “Bluntly, the Australian consumer gets screwed at every single step of the way — credit cards, personal loans, auto loans, credit card fees,” says Mitchel Harad of the peer-to-peer lender, SocietyOne, whose backers include Kerry Stokes, James Packer, and […]
