Tagged: australia

December 11, 2017 @ 9:45 am By JD Alois  |  

  Hyperwallet, a global payment platform, has formed an arrangment with Amazon to be able to receive disbursements from sales on Amazon’s new Australian marketplace. Hyperwallet said it will now support international seller disbursements from Amazon with its multi-currency payout solution that enables Amazon Marketplace… Read More

December 8, 2017 @ 8:01 am By JD Alois  |  

FinTech Australia, the advocacy group for Australia’s burgeoning Fintech industry, has given its seal of approval following the Australian Parliament’s passage of Anti-Money Laundering (AML) legislation.  According to Fintech leaders, the governmental approach regarding cryptocurrencies, such as Bitcoin, will position Australia as a world leader… Read More

December 7, 2017 @ 10:51 am By JD Alois  |  

Credible, a very promising early stage Fintech marketplace, has gone raised $50 million in an Initial Public Offering (IPO). While the IPO is in itself interesting, the fact that Credible listed on the Australian Securities Exchange (ASX) is telling. The offering, described as the largest… Read More

December 6, 2017 @ 8:20 pm By JD Alois  |  

The Australian Securities Exchange (ASX) will migrate away from its Clearing House Electronic Subregister System or “CHESS” to a system using Distributed Ledger Technology (DLT) commonly referenced as Blockchain. The CHESS platform has been in place since the 1990s. ASX said it is now taking… Read More

December 6, 2017 @ 4:59 pm By JD Alois  |  

Yellow Brick Road has added online lender Prospa to its lending panel. The move was described as an effort to diversify its lending offerings for Australian small business customers. Yellow Brick Road is a full service wealth management company that offers products and services for… Read More

November 30, 2017 @ 9:48 pm By JD Alois  |  

Prospa, an online lender serving SMEs in Australia, had a visit from the Honorable Scott Morrison yesterday. The Treasurer of Australia help to open up Prospa’s new high tech Darlinghurst office, which apparently is quite large extending over two floors housing a team of 150…. Read More

November 30, 2017 @ 9:58 am By Samantha Hurst  |  

Australia-based fintech payments company Credit Clear announced on Thursday it has launched a $10 million Series A Capital Raise, seeking the funds in order to expand its revolutionary data-driven invoicing and collections platform globally. Launched in July 2017, Credit Clear has processed more than $180 million in debt for the corporates in Australia,… Read More

November 29, 2017 @ 10:21 pm By JD Alois  |  

Cyber security risk in the financial services industry is profound and growing rapidly as all forms of finance move online. Recent high profile hacks and attacks exposing private information have dominated the news all too frequently. The Australian Securities and Investment Commission (ASIC) has just… Read More

November 28, 2017 @ 10:11 am By Samantha Hurst  |  

Australian consumer lending fintech, MoneyMe, announced on Tuesday it has finalized an AU$120 million asset-backed wholesale securitization facility led by $100 million from global investment manager, Fortress Investment Group, and joined with $20 million of bonds issued by corporate advisory, Evans & Partners. While sharing details about the investment, Clayton… Read More

November 25, 2017 @ 11:00 am By Samantha Hurst  |  

This week, the Australian Securities and Investments Commission (ASIC) announced it has signed a new fintech cooperate agreement With Dubai Financial Services Authority (DFSA). According to the ASIC, this new agreement will enable it and the DFSA to refer innovative fintech businesses to each other… Read More

November 14, 2017 @ 3:10 pm By Samantha Hurst  |  

Australia-funded Mekong Business Initiative has teamed up with the State Bank of Vietnam to launch Fintech Vietnam Challenge, which is described as a global call to local and international companies to proposed fintech solutions which will benefit Vietnam. The program’s description reads: “The Fintech Challenge Vietnam inventivizes adoption… Read More

November 10, 2017 @ 9:36 pm By Samantha Hurst  |  

Aussie equity crowdfunding platform Sharequity has reportedly been backed by Jack Quigley, a founding director FinTech Australia, and CrowdfundUP founder.  Founded by former GMP Asia Pacific Securities Chief Operating Officer, Geoff Reilly, Sharequity is an Australian equity crowdfunding platform that provides easy access to a… Read More

November 8, 2017 @ 6:37 pm By JD Alois  |  

Prospa has claimed first in the race to originate over half a billion in small business loans. The online lender states that over the past 12 months, Prospa has experienced dramatic growth, doubling the size of its loan book. Prospa has now provided credit to… Read More

November 6, 2017 @ 1:13 pm By JD Alois  |  

The Australian Securities and Investments Commission (ASIC) has inked an agreement with the China Securities Regulatory Commission (CSRC) to cross promote Fintech firms in their respective markets. Australia has targeted Fintech as strategic for their economy. China is the largest Fintech market in the world…. Read More

November 2, 2017 @ 9:35 pm By JD Alois  |  

Australia’s Fintech industry growing rapidly. This is according to a report by EY and FinTech Australia. The 2017 EY FinTech Australia Census indicates that Aussie FIntech companies experienced a 200% annual median revenue jump in contrast to year prior. The Census, released today at the… Read More

November 2, 2017 @ 9:48 am By JD Alois  |  

Scamwatch, an initiative by the Australian government, has reported an interesting statistic. According to Scamwatch, Bitcoin related scams are on the rise. This is according to a tweet by Scamwatch which is part of the Australian Competition and Consumer Commission (ACCC).   Here’s a snapshot… Read More

November 1, 2017 @ 10:37 pm By JD Alois  |  

FinTech Australia has welcomed the announcement about “comprehensive credit reporting” by Treasurer Scott Morrison at the opening day of the Collab/Collide Summit in Melbourne. The Australian Government will mandate a comprehensive credit reporting regime that should help Australian borrowers get a better deal from lenders,… Read More

October 31, 2017 @ 10:22 pm By JD Alois  |  

Currency solutions platform, CurrencyVue has launched an integrated FX risk management platform in partnership with global payments and risk management provider AFEX. CurrencyVue helps businesses with international payments and FX hedging. Rather than focusing on the speed or cost of making transactions, CurrencyVue has taken… Read More

October 30, 2017 @ 2:38 pm By JD Alois  |  

The UK Department of International Trade (DIT) says a number of UK Fintech experts will headline this year’s Intersekt Fintech Festival in Australia. DIT has partnered with the Collab+Collide Fintech Summit to further expand their Fintech networks. The UK is widely recognized as the global… Read More

October 30, 2017 @ 11:06 am By JD Alois  |  

OurCrowd, a global investment crowdfunding platform, has created an innovation bridge connecting Israel and Australia / New Zealand. The comments come during the 100th anniversary of the liberation of Be’er Sheva by the Australia New Zealand Army Corp (ANZAC), and a visit to Israel by… Read More