Tagged: australia

FinTech Australia Announces 2019 Finnies Award Winners

FinTech Australia has announced the winners of the 2019 Finnies Awards. As previously reported, there were 237 submissions this year, across all 19 award categories and the number of submissions was up 30%. This year’s event, which will be held in Melbourne for the first… Read More

Down Under: Digital Bank Revolut Launches in Australia as Expansion Outside of Europe Starts

Digital bank Revolut has traveled half-way around the world to set up operations in Australia with an office in Melbourne. This is the first step by Revolut to provide banking services beyond European borders. According to a release from Revolut, the digital bank is operating… Read More

BDO Australia Offers Audit Services to Blockchain Sector in a Move that May Attract More Institutional Investors

BDO Australia has formed a partnership with Decentralised Capital to provide auditing and assurance services to the blockchain and crypto asset sector. The move was described as likely to boost institutional interest in the emerging sector of Fintech. Decentralised Capital is a specialist blockchain firm… Read More

Afterpay Announces New Partnerships With Levi’s, Ray-Ban, O’Neill, & Tarte Cosmetics

Afterpay, a digital platform that offers interest-free installment plans for online purchases, announced on Wednesday it has formed new partnerships with Levi’s, Ray-Ban, O’Neill, and Tarte Cosmetics, among many other brands and retailers in the U.S. Afterpay reported that since launching in the country just… Read More

Crowd For Angels Signs MoU With Tokenization Platform myStake

Peer-to-peer lending platform Crowd For Angels announced last week it has signed a Memorandum of Understanding (MoU) with Australian tokenization platform, myStake. Crowd for Angels reported that myStake is described as an end-to-end share tokenization, registry, and investor relations platform that provides company shareholders transparency,… Read More

The Australian Securities and Investment Commission Updates Information on ICOs and Crypto Assets: Operate Lawfully

The Australian Securities and Investment Commission (ASIC) has updated regulatory information pertaining to initial coin offerings (ICOs) and crypto-assets. In a release, ASIC recommended that businesses engaged in crypto “consider their legal obligations and satisfy themselves they are operating lawfully.” ASIC stated that their recent… Read More

Australian IT Worker Charged for Using Government Systems to Mine Cryptocurrency

A 33-year-old IT worker has been charged for using computer systems at an unnamed Australian government agency to mine cryptocurrencies. Police say the accused, “abused his position as an IT contractor to manipulate programs to use the processing power of the agency’s computer network for… Read More

Australias Largest Fintech Lender Prospa Plans Initial Public Offering for June

Australian Fintech Prospa has announced its intent to complete an initial public offering (IPO) on the ASX on June 11, 2019. Prospa was founded by Greg Moshal and Beau Bertoli in 2012 with seed funding from Entrée Capital. The online lender originated its first loan… Read More

Australian SME Bank Judo Goes Live With Temenos

Temenos AG (SIX: TEMN), a Switzerland-based banking software provider, announced on Thursday that Judo Bank (formerly Judo Capital), an Australian SME challenger bank, has gone live in record time with Temenos T24 Transact, Analytics, Financial Crime Mitigation and Channels, a module of Temenos Infinity, running… Read More

Zebpay Launches Crypto Trading in Australia

Crypto exchange Zebpay has opened up trading services to the Australian market with a new office in the Fintech hub of Melbourne.  Zebpay currently claims over 3 million active users. The company is headquartered in Singapore. Zebpay is also extending its Lightning Network to Australia… Read More

FinTech Australia Announces 2019 Finnies Finalists

FinTech Australia announced on Monday the finalists for the 2019 Finnies. According to the organization, there was a total of 237 submissions this year across all 19 award categories and the number of submissions was up 30%. This year’s event, which will be held in… Read More

Australian Tax Authority Will Compel Crypto Trading Platforms to Hand Over Users Records- Accurate Reporting Advised

The Australian Taxation Office (ATO) has announced it is collecting, “bulk records from Australian cryptocurrency designated service providers (DSPs) as part of a data matching program to ensure people trading in cryptocurrency are paying the right amount of tax.” Data pertaining to the sale and… Read More

UK Department for International Trade Under Liam Fox, Launches International Programs to Boost Fintech Innovation

DIT Fintech Bridge As London Fintech Week kicks off, the Department for International Trade (DIT), in partnership with Her Majesty’s Treasury (HMT), have announced new programs to boost Fintech innovation. According to a release from DIT, the UK will be building upon their Fintech Bridge… Read More

Alleged Aussie Drug Dealers Also Sold “Auscoin” Cryptocurrency and Ran Nationwide Bitcoin ATMs

New details have emerged in the case of three alleged drug dealers in Australia, two of whom were also cryptocurrency entrepreneurs. In October 2017, police arrested the first two alleged dealers and claim to have seized at the scene 33 kilograms of MDMA, cocaine, and… Read More

SME Challenger Bank Judo Bank Receives Full Banking License From Australian Prudential Regulation Authority

Judo Bank (formerly Judo Capital), an SME challenger bank, announced on Wednesday it was granted a full banking license by the  Australian Prudential Regulation Authority (APRA). According to the bank’s Chairman, Peter Hodgson, the full license means Judo will be able to significantly extend the… Read More

Equitise Claims Top Spot for Equity Crowdfunding in Australia

Since Australia fixed a glaring shortcoming in the country’s “crowd-sourced funding” regulations, equity crowdfunding has gained a new spring in its step. Under current Aussie rules, an issuer may raise up to $5 million in an online securities offering. Retail investors are capped at $10,000… Read More

Australian Digital Financial Marketplace Nauticus Blockchain Now Seeking $25 Million Through Equity Funding Round

Nauticus Blockchain, an Australia- based digital financial marketplace, announced on Monday it is now seeking $25 million through its new equity fundraising efforts. The Nauticus Exchange is described as an Australia Government regulated crypto and fiat currency exchange. The platform is egistered with AUSTRAC and… Read More

Australian Securities & Investment Commission Touts Growth of Alternative Finance, Fintech Innovation. Publishes Reports on Marketplace Lending and “Crowd-Sourced Funding”

The Australian Securities & Investment Commission (ASIC) has published several reports touting the progress of Fintech in Australia. ASIC said that recent surveys show an increase in demand – aided in part by ASIC’s Innovation Hub. Australia may be a smaller market but it has… Read More

Investment Crowdfunding Platform Birchal Shares Results for Q1 2019, Leads Market in Performance

Birchal, an Australia-based investment crowdfunding platform, has shared platform results for the first quarter of 2019. Australia recently updated their “crowd-sourced funding or CSF” regulations that enabled a far wider spectrum of businesses to take advantage of issuing securities online. Birchal describes Q1 performance as… Read More

Female Only Rideshare Firm Shebah Tops Aussie Crowdfunding Record, Single Investor Contributes $1 Million

Shebah, a ridesharing service only for women, has raised $3 million on Birchal. The Australian company has claimed the most money raised for the young investment crowdfunding sector. Shebah sought a minimum target of $1 million at a pre-money valuation of $19.4 million. The fully… Read More

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