Tagged: australia

Aussie Online Lender Prospa Recognized on Leadership List

Prospa, an online small business lender, has been recognized by Deloitte Technology Fast 50 Australia Awards for 2018. Prospa ranked 20th overall and 5th for leadership. The Deloitte Technology Fast 50 Australia Awards rank Australia’s fastest growing public or private technology companies based on their… Read More

KPMG & Crypto Exchange Independent Reserve Launch Crypto Tax Estimator

KPMG Australia and Independent Reserve have joined to manage a pressing issue: taxes for cryptocurrency transactions. The two companies have partnered on a new “Crypto Tax Estimator.” Founded in 2013, Independent Reserve is said to be the largest cryptocurrency exchange in Australia. The crypto exchange… Read More

Texas State Securities Board Issues Emergency Action Against Crypto Mining Promoters based in Canada & Australia

The Texas State Securities Board has issued an emergency cease and desist order to two ostensible cryptocurrency miners. Yesterday, the C&Ds were placed against Quebec, Canada-based EXY Crypto, and AWS Mining PTY Ltd., based in Sydney, Australia. Texas Securities Commissioner Travis J. Iles issued a statement indicating the… Read More

Aussie Fintech INAMO Announces Contactless Wearable Pilot in the U.S.

Australia- based fintech startup INAMO is reportedly testing out its contactless wearables in the U.S. Founded in 2016, INAMO reported it is now seeking to transform the way payments are being made by developing wearable payment devices to make contactless payments faster and simple. “Our waterproof… Read More

Birchal Expects First Listed Pty Ltd Company to Successfully Crowdfund Under New Australian Rules

This past September, Australia finally allowed “proprietary firms” to use “Crowd-Sourced Funding” (CSF) or investment crowdfunding to raise capital online. New legislation was signed into law that should help boost online capital formation in Australia. Before the change, only “unlisted public companies” were allowed to… Read More

Wirecard Expansion: Bring Digital Fintech Platform Services to Australia & New Zealand

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it is bringing its digital fintech platform to Australia and New Zealand. Wirecard reported its platform is now available in New Zealand for e-commerce services and Australia for omnichannel solutions. As part of… Read More

Afterpay Co-Founder & CEO Nick Molnar Wins NSW ICT Entrepreneur of the Year Recognition

The Pearcey Foundation has awarded Nick Molnar, co-founder and CEO of Afterpay, as the 2018 NSW ICT Entrepreneur of the Year Award winner. Afterpay is an Australian retail payments platform that is said to be one of Australia’s fastest growing Fintech companies. Deputy Premier and Minister for Small Business John Barilaro congratulated… Read More

Crypterium Allows Anyone to Send Crypto Directly via Bank Transfers to Traditional Accounts

Crypterium has announced that as of last week 400,000 users will be given the opportunity to test paying their loans directly via cryptocurrency.  Crypterium is already allowing consumers in Australia to transfer crypto and deposit into bank accounts with a partnership with BPAY. Led by former… Read More

Australian Woman Arrested for Allegedly Hacking 100 000 Ripple from Investor

Cybercrime detectives have stormed a house in Sydney, Australia and arrested a 23-year-old woman they believe hacked 100 000 Ripple (XRP) tokens from a 56-year-old man, Brisbane Times (BT) rep The woman’s parents also reside in the house. The alleged hack took place last January, when 100… Read More

After $700 000 in Research, Australian Digital Transformation Agency Determines Blockchain Not Yet Outperforming Existing Technology

After spending $700 000 Australian dollars investigating the industrial potential of blockchain, Australia’s Digital Transformation Agency (DTA) has determined that current versions of the tech are “interesting” but in no way better than other systems, ZDNet reports. DTA Chief Digital Officer Peter Alexander reportedly told Senate… Read More

Australian Central Bank Assistant Governor Says Her Country Has No Need for a National Cryptocurrency

Reserve Bank of Australia Assistant Governor Michelle Bullock told audiences at the Sibos Conference in Sydney this week that she does not believe Australia and other central banks have any reason to create a national digital currency settled on blockchain, Financial Review (FN) reports. Sibos is… Read More

Afterpay Debuts U.S. In-Store Experience at REVOLVE Pop-Up Shop in New York City

Afterpay, an Australia-based digital platform that offers interest-free installment plans for online purchases, announced on Tuesday the launch of its first US-based in-store solution at the REVOLVE pop-up shop in New York City.  According to Afterpay,  REVOLVE is a next-generation retailer for fashion-savvy millennial consumers. The pop-up… Read More

Fintech Bridge: UK Sends Large Fintech Delegation to Australia for SIBOS, Intersekt

The UK Department for International Trade, along with the Prime Minister’s Fintech Ambassador Al Lukies, are heading to Australia as part of the “GREAT Britain showcase.” The group will be participating in Sibos 2018 taking place in Sydney. According to the UK government, the delegation’s aim… Read More

Westpac Announces $40,000 RegTech Challenge Launch

Australian banking group Westpac announced on Tuesday its 2018 Innovation Challenge, which gives startups a chance to win $40,000 and professional support to grow their business. According to Westpac, this year’s challenge is themed regtech and is seeking participants that will create a technological solution that helps companies… Read More

Australian Global Payments Provider Verrency Selected For Plug and Play Fintech Programs in Three Different Countries

Australian global payments provider Verrency announced on Tuesday that it has been selected for Plug and Play’s accelerator programs in the Silicon Valley, Singapore and now in Frankfurt, Germany as the company extends its global reach in the fintech market. According to Verrency, thousands of start-up companies apply to Plug… Read More

Westpac Launches New “Centsitive Objects” Designer Wearable for Customers

Australian banking group Westpac announced earlier this year the launch of its ‘Centsitive Objects,’ which is a new designer range of wearable accessories. This news comes just days after Westpac announced the launch of its Mobile Cheque Deposit feature. According to Westpac, Censitive Objects was designed exclusively… Read More

Australia Trialling New “Smart Money” Blockchain System for Administering Disability Payouts- Privacy Protections Not Mentioned

The Commonwealth Scientific and Industrial Research Organisation (CSIRO) of Australia’s Data 61 data research arm is trialling an app that uses blockchain to track and issue payments within the country’s National Disability Insurance Scheme (NDIS). According to a CSIRO Data 61 press release, the trial… Read More

Westpac Introduces New Mobile Cheque Deposit Feature

Australian banking group Westpac announced on Monday the launch of its Mobile Cheque Deposit feature. According to Westpac, the new feature allows customers to upload a picture of the front and back of their cheque to the Westpac app and will usually clear and be in the… Read More

Australian Securities and Investment Commission Signs Fintech / Regtech Agreement with Luxembourg Commission de Surveillance du Secteur Financier

The Australian Securities and Investments Commission (ASIC) has announced a Fintech and Regtech agreement with the Luxembourg Commission de Surveillance du Secteur Financier (CSSF). This is the second Fintech agreement signed by ASIC today having earlier announced an agreement with the US CFTC. The Agreement… Read More

Aussie National Science Agency Claims Successful Trial of Fast “Red Belly Blockchain” on Amazon Cloud

Red Belly BLockchain Performance

Australia’s national science agency and researchers at the University of Sydney say a company they incubated, Red Belly Blockchain, has achieved 30 000 transactions per second on a global blockchain of 1000 nodes created using Amazon Web Services’ (AWS) global cloud infrastructure. The agency, CSIRO’s Data61,… Read More

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