Rubik joins forces with Class
Rubik Financial Limited (ASX: RFL), a leading fintech company delivering innovative banking, wealth and mortgage solutions to the financial services industry, has partnered with Class Super Pty Ltd, to provide advice technology for accountants who are limited licence holders. The partnership is a timely one given the change to regulation as part of the FOFA reforms which came into effect on 1 July requiring accountants to obtain the newly created ‘limited’ AFS licence in order to continue giving advice to their clients about SMSFs. According to Rubik CEO, Iain Dunstan, “As part of Rubik’s omni-channel offering, the Provisio module is perfectly suited to accountants because of its ease of use […]
BPS Technology further expands Bartercard operations in USA
BPS Technology continues to execute its Bartercard growth strategy in North America, opening new franchises in New Hampshire, Alabama and Georgia, with at least four more US franchises in the pipeline Leading financial technology platform provider BPS Technology Limited (ASX: BPS, “the Company”) is pleased to announce that it has continued to expand the reach of its Bartercard operations in North America. BPS has recently opened three new Bartercard franchises in Mobile (Alabama), Portsmouth (New Hampshire) and Savannah (Georgia). Mr Paul Bolte, President and Chief Executive of Bartercard USA, said of the new franchisees: “Bartercard is pleased to see our franchise growth strategy working, as we have now brought on […]
Moula ramps up for long-term growth
Australia’s leading data-driven lending platform for small businesses Moula, today announced the appointment of former Managing Director of Xero, Chris Ridd, to its board as it positions itself for significant growth. The announcement coincides with the release of findings from the Disruption Index, showing that the number of data-approved loan applicants has doubled over the past year. The Disruption Index is a Moula initiative designed to track the waves of disruption in Australia in the small business lending sector. Ridd’s appointment comes off the back of strong growth for Moula over the past twelve months, as Australian small businesses change the way they access loans. Business confidence among SMEs seeking […]
Australian banks take on Apple over digital wallets
Four of Australia’s largest banks have asked the competition regulator for permission to join forces and collectively negotiate with Apple to get their own digital wallets onto iPhones. The banks have become frustrated by the world’s biggest company’s strategy of locking third-party providers of digital wallets off the iPhone platform in favour of its own Apple Pay, which is attacking millions of dollars the big banks earn in interchange fees. This is the first time globally a group of financial institutions has sought authorisation from a competition regulator to negotiate as a bloc against Apple. The lack of iPhone access is particularly frustrating for the banks, as they have invested […]
Acorns app hits 100,000 users
In a sign more Australians are looking to invest in their financial futures, over 100,000 users have signed up for micro-investing app Acorns since its launch in Australia in February. Hitting that milestone not only proved the app’s rapid rise in popularity, but it showed a trend among Australians “to look beyond the big four banks for investment and savings opportunities”, Acorns said yesterday. Acorns Australia managing director George Lucas said the app’s success was driven by young Australians who had discovered the benefit of making modest but regular investments, displaying an appetite for fintech innovation that quickly exceeded the growth rate of that experienced comparatively by users in the […]
A VC’s perspective on Blockchain opportunities & impacts on Australia
by Victor Jiang, Managing Partner, Sapien Ventures LLP. I was truly honoured to have presented to and judged alongside a distinguished panel (from ANZ, Westpac, UBS, & Northern Trust) and key industry leaders at the inaugural Australian Blockchain Summit 2016 (Melbourne June 28-30th, 2016), and to have a chance to speak about what we felt are the opportunities and impacts of Blockchain on Australia. (The speech was immediately before a pitch/showcase session of 6 excitingly disruptive blockchain startups from USA and Australia, including one dialling in from 3am in their local time!) __________________________________ I’m really excited and honoured to be here, speaking just ahead of some truly exciting startups in the blockchain space. […]
ASX Chooses Metamako
Metamako, the leading specialist in deterministic network devices for the world’s financial institutions, announced today that it has secured as a client the Australian Securities Exchange (ASX), one of the world’s leading financial market exchanges. The ASX will be using Metamako’s MetaMux for real-time monitoring of its new trading platform and for timestamping and time synchronisation of its internal network traffic. Dr. Dave Snowdon, founder and CTO of Metamako, said: “This is fantastic news for Metamako. To be at the heart of ASX’s network is a real recognition of the excellence of our devices. We have customers in the US, Asia and Europe, across HFT, automated trading, banking, ISVs, etc. […]
Fintech Kyckr scales back raising
Fintech business Kyckr has scaled back the size of its proposed initial public offering and increased the size of the free float to bankroll its global expansion plans. After initially proposing to raise between $6 million and $8m by floating on the ASX in June, Kyckr slowed down the listing process and will now raise a maximum of $6m and offer 35 per cent of the company to new external investors. “We have purposely slowed it down because we didn’t want to fall into a listing amid all the noise of the June-July period. There will be more clear air in the August period,’’ said managing director David Cassidy. “Time […]
