55% of Aussies would trust a robot for financial advice
Research revealed that COVID-19 has reshaped the role and focus areas of corporate finance teams and personal financial advisors.
Norwegian Block Exchange (NBX) raises capital for growth
Just before New Year, the Norwegian Block Exchange (NBX) completed a NOK 60 million (EUR 5.84m) private equity placement.
The most important FinTech Innovations that will change our lives in the near future
Technology is affecting the topography of workflow and processes in the financial services industry. What was once handled with the assistance of human hands, physical currency and bulky computers has now been completely digitalized. It is an undeniable expanse of financial services globally and that has bred a fertile ground for FinTech startups. Start ups are reimagining every kind of financial activity including wealth management, banking, payments and more. And these innovations have attracted massive investment too. This financial technology or FinTech revolution has left the traditional financial industry with a poignant question – how to stay relevant in this digital age and avoid being history? The advantage lies with […]
Alibaba is picking up 33% of Ant Financial, its fintech affiliate that’s valued at over $60B
Alibaba has added an additional angle to the announcement of its latest financial report today with news that it is taking a 33 percent stake in Ant Financial, its fintech affiliate that operates Alipay and other financial services. The deal, which both parties said stems from an agreement made in 2014, will see Alibaba pick up newly issued shares in Ant, seemingly paving the way for a public listing. It will also mark an end to a profit-share agreement which saw Ant give Alibaba “royalty and technology service fees” equal to 37.5 percent of its pre-tax profits each quarter. The agreement will give Alibaba direct ownership of Ant, which is […]
ChimpChange growth supercharged by U.S. tax season
ChimpChange Limited, Australia’s only listed digital banking platform, is pleased to present its March 2017 quarterly report on business progress. Strong organic growth supercharged by the U.S. tax refund season The Company delivered strong growth across all areas of its business and continued to confirm the opportunity in the US market for an innovative tech-driven fee-free consumer banking product. Key metrics including customer deposits, new customers, and customer spend utilising the ChimpChange MasterCard all grew ahead of forecast and delivered company-wide records during the quarter. The period also saw a seasonal boost in deposits in the form of tax refund inflows, which we now expect to experience annually, and which […]
