Tagged: australia

May 19, 2018 @ 12:05 pm By JD Alois  |  

Republic, a mission driven investment crowdfunding platform that enables companies to raise money by selling securities including initial coin offerings, has provided an update on their progress. Shared on the 2 year anniversary of when Reg CF became actionable, Republic shares the following stats: To… Read More

May 16, 2018 @ 11:31 pm By JD Alois  |  

Brad Kitschke has been selected as the new CEO of FinTech Australia. Kitschke follows in the footsteps of founding CEO Danielle Szetho who announced her resignation earlier this year. Sarah Worboys acted as interim CEO during the executive search. Kitschke has a history of working with… Read More

May 9, 2018 @ 10:38 pm By JD Alois  |  

FinTech Australia is lauding the Aussie Government’s policy push regarding Open Banking. The advocacy group says the Australian decision has pushed back against big banks to open true banking reform by next year. “A government-backed Open Banking framework will be a game-changer for consumers and businesses,… Read More

May 8, 2018 @ 12:13 pm By Erin Hobey  |  

P2P lender RateSetter has partnered with aggregators Finsure and LoanKit. Under the partnership, more than 1,400 brokers accredited with Finsure and LoanKit will be able to offer their clients RateSetter’s personal loan and green loan products, reported Australian Broker. The partnerships aims to help accredited brokers improve… Read More

May 8, 2018 @ 7:43 am By JD Alois  |  

FinTech Australia says their industry will benefit from the 2018-2019 Australian Budget but big news on Open Banking will wait for a future date. Stuart Stoyan, Chair of FinTech Australia, says he welcomes a number of funding measures outlined in the budget. These include: $44.6… Read More

May 7, 2018 @ 3:01 pm By Samantha Hurst  |  

Speedcast International Limited (ASX: SDA), Australia-based remote communication and IT services provider, announced on Monday it has teamed up with Plug and Play, a global innovation platform and startup accelerator, to focus on the advancement of technology within the communication and IT services sector. Speedcast stated its… Read More

May 6, 2018 @ 10:05 pm By JD Alois  |  

OurCrowd is one of the largest crowdfunding platforms in the world and, perhaps, the largest early stage platform globally by now. The five year old firm has quickly gone from zero to nearly $1 billion in capital raised with the expectation to surpass the billion dollar… Read More

May 3, 2018 @ 8:23 am By Samantha Hurst  |  

Aussie fintech startup Trade Ledger announced on Thursday it was named Barclays UK Ventures’ Open Innovation Challenge 2018, which was held in London. The ten finalists of the Challenge were selected by Barclays for their potential to offer “gaming-changing” business solutions across various industries. Speaking… Read More

May 1, 2018 @ 10:43 am By Samantha Hurst  |  

On Tuesday, Australia-based fintech startup Avoka announced it is the account opening and onboarding engine for  Australia’s RACQ to provide digital capabilities for banking customers worldwide. Avoka claims that RACQ became the world’s first automobile club to launch a bank and formed RACQ Banking after a… Read More

May 1, 2018 @ 8:06 am By JD Alois  |  

The Australian Securities and Investment Commission (ASIC) has taken action to address misleading or deceptive conduct regarding initial coin offerings (ICOs). ASIC announced it was targeting the sale of digital tokens and is issuing inquiries to ICO issuers and their advisers where they identify conduct or… Read More

April 30, 2018 @ 9:01 am By Samantha Hurst  |  

On Monday UNICEF Australia announced it has turned to cryptocurrency for online fundraising through its new website, The Hopepage, which notably allows Australians to provide help and hope to vulnerable children by simply opening the page while they are online. According to the nonprofit, when users are… Read More

April 29, 2018 @ 9:46 pm By JD Alois  |  

Minister for Trade and Industry Niall Blair has announced the NSW Government is backing growth in the state’s emerging regulatory technology (Regtech) industry with a first event in Sydney this coming week (May 3 -4). Additionally, Blair said the Government was supporting The RegTech Association with… Read More

April 22, 2018 @ 10:26 pm By JD Alois  |  

  Entersoft, an Australian cyber security firm, says it has now helped to launch USD $1 billion worth of initial coin offerings (ICOs) around the world without a single hack or lost token value. According to Entersoft, during last ten months, the company has helped… Read More

April 18, 2018 @ 7:59 am By JD Alois  |  

UK peer to peer lending platform Crowd2Fund is opening an Australian office becoming one the first UK-based companies to utilise the new ‘Fintech Bridge’ between the UK and Australia that was recently announced by both countries. Signed in March, the agreement between the UK Financial… Read More

April 13, 2018 @ 4:41 pm By Cali Haan  |  

In mid-March, The Government of Australia published tax guidelines for citizens and businesses using cryptocurrencies to invest, make or receive payments. The document, “Tax treatment of cryptocurrencies,” is fairly readable and the compliance procedures outlined quite reasonable. In short: “Our view is that Bitcoin…is an… Read More

April 9, 2018 @ 12:03 am By JD Alois  |  

  Prospa, one of Australia’s leading online lenders to SMEs, has appointed Gail Pemberton AO and Fiona Trafford-Walker as Independent Non-Executive Directors to the Prospa Board. Prospa also announced that current Non-Executive Director Greg Ruddock has been appointed to the role of Chairman of the… Read More

April 8, 2018 @ 12:00 pm By Cali Haan  |  

Musicians are increasingly looking to crypto to secure and boost bottom lines. Korean paper The Chosun Ilbo reported in February that Korean girl band T-ara are working with Australian firm ENTCash to produce a cryptocurrency or token that fans will be able to trade for… Read More

April 5, 2018 @ 11:16 am By Erin Hobey  |  

Digital currency exchange guidelines at last! Australia has implemented new legislative guidelines aimed at regulating digital currency exchange businesses. Enacted earlier this week, the new regulations require cryptocurrency exchanges in the country to comply with requirements outlined in the Anti-Money Laundering and Counter-Terrorism Financing Act… Read More

March 28, 2018 @ 3:53 pm By Samantha Hurst  |  

On Wednesday, Hong Kong Polytechnic University (PolyU) joins forces with Australia’s Monash University and CollinStar Capital to establish a university-industry joint research laboratory on blockchain and cryptocurrency technologies in Hong Kong. The organization reported: “Blockchain, a technology that underpins cryptocurrencies, has substantial potential to transform… Read More

March 28, 2018 @ 11:06 am By Samantha Hurst  |  

Australia-based marketplace lender SocietyOne recently announced it has appointed G&C Mutual Bank CEO, Dave Taylor, as a new non-executive director. According to SocietyOne, Taylor has more than 25 years of experience in financial services. His board experience notably has included directorships of mutual institutions, industry superannuation funds… Read More