Australia recognised for embracing fintech startups
Australia is establishing hubs and improving business conditions for fintechs. Despite tough market conditions and a global drop in investments, Australia has been praised as a forward-thinking, cultivator of venture-capital (VC) backed fintech startups. KPMG and CB Insights analysed the global status and outlook of fintech venture funding in their Pulse of Fintech Q2 2016 report and found VC-backed fintech companies raised $2.5 billion through 195 deals, a 12% decline in volume compared with Q1 2016. However, funding is on pace to exceed 2015 investment levels. The report says that while some jurisdictions are fighting to advance regulatory changes related to fintech, Australia is establishing hubs and improving conditions for […]
WorldRemit chooses Australia to springboard growth in Asia-Pacific
Global leader in Mobile Money transfers appoints Michael Liu to drive growth in region. Mobile Money transfer service WorldRemit – the UK’s fastest-growing technology firm1 – has chosen Australia as its base in Asia-Pacific. One of Europe’s biggest FinTech services, the WorldRemit app, lets migrants send money instantly to their friends and family abroad in Latin America, Africa, Asia and the Pacific. WorldRemit is the leading sender of remittances globally to Mobile Money services, which have emerged as the payment system of choice in many developing countries where large numbers of people lack access to traditional banking services. With Mobile Money, people can instantly receive money transfers on their phones […]
GoCardless and InsuredHQ partner to provide faster payments for insurance companies
GoCardless, the bank payment company, have announced a partnership with InsuredHQ, a global provider of cloud-based core insurance administration software.
Ripple announces its RLUSD exchange partners for global distribution
Ripple, the leading provider of digital asset infrastructure for financial institutions, have announced its exchange partners and customers for RLUSD.
US Bitcoin ATM operator RockItCoin launches in Australia
US Bitcoin ATM operator and fintech company RockItCoin is expanding its global footprint with its launch in Australia.
Saxo Bank Group reports 35% jump in H1 2024 net profit to USD76 million
The Saxo Bank Group has reported an adjusted H1 2024 net profit of USD76 million, a year-over-year increase of 35%.
WorldFirst offers fast digital cross-border payment alternative to boost global sales for Australian SMEs
WorldFirst has tailored fast and secure cross-border business payment solutions for Australian e-commerce sellers and SMEs looking to capitalise on strong e-commerce growth trends.
