Australian FinTech company profile #122 – Unhedged
Unhedged uses AI to deliver algorithmic returns to the everyday investor.
Bitcoin could surge past $10,000 within 2 weeks, analyst says
Bitcoin could rise above $US10,000 within two weeks, marking its recovery to around half of its record high, according to one analyst.
Wealth scandals open door for new entrants
A global data provider believes neobanks and robo-advisers stand a good chance of gaining traction in an industry where incumbents are plagued with scandals. Following the news that troubled wealth giant IOOF could face several class action lawsuits, GlobalData believes the damage to public trust in the financial services industry will have significant long-term implications for how Australians invest. Andrew Haslip, head of banking content for Asia Pacific at GlobalData, said superannuation has a prized place in the heart of many Aussies and allegations of misuse of client money in this area are particularly damaging on top of a string of other banking and wealth-related scandals. It has given the […]
Advisers with robo capabilities will have an edge
While standalone robo-advice won’t attract affluent investors, it will offer a competitive advantage to traditional wealth managers over competitors, GlobalData says. The research company said that robo-advisers alone didn’t attract assets under management, and that high net worth (HNW) investors generally only entrusted small portfolios to digital-only platforms. GlobalData’s Technology in Wealth Management: Drivers for Adoption and Future Trends survey found that demand for robo-advice was growing, however, meaning that offering it could strengthen human advisers’ value to clients. Forty per cent of private wealth managers surveyed noted strong demand for the technology from clients, most obviously in the Asia-Pacific region. “Despite some drawbacks robo-advice is a competitive advantage that […]
The coolest 100 people in Australian tech
Business Insider Australia’s Tech 100 is a comprehensive list of the coolest people in Australian tech. It highlights achievements in the sector over the past 12 months. Congratulations to those cool people from the world of FinTech, FinTech Startups and FinTech Hubs & Accelerators, FinTech VC’s and Investors in Australia…. 12. & 13. Dan Petre and Craig Blair, co-founders, AirTree Ventures 15. Jason Yetton, MD and CEO, SocietyOne 20. Stuart Richardson, founder and managing partner, Adventure Capital; co-founder, York Butter Factory 21. Paul Bassat, co-founder, Square Peg Capital 23. Maile Carnegie, group executive digital banking, ANZ 24. Jost Stollmann, CEO, Tyro Payments 25. Niki Scevak, managing director, Blackbird Ventures […]
Pushpay ASX float is a leap of faith
It used to involve putting cash into the collection plate but now giving to a church can happen with a few taps on a mobile phone. The co-founder of Pushpay, which will list on the Australian Securities Exchange on Wednesday, says the fintech’s revenue will triple and its cash flow become positive by the end of 2017, driven by more members of religious congregations in the United States making donations through smartphones. Pushpay, which offers a payments application to individual churches throughout the US, completed a $54 million placement to local institutions through Ord Minnett last week in a bookbuild at $2.09 a share. The offer was revealed by Street […]
Gelato Messina launches world leading mobile payment app
Gelato Messina, pioneers of weird and wonderful gelato creations and one of Australia’s most popular brands, are ditching their cash-only policy and moving towards mobile payments to the joy of cashless customers nationwide. On 4th October 2016 Messina launched a mobile payment and loyalty app that allows customers to pay with their phone and be rewarded with points. Points are redeemable for gelato, merchandise and unique Messina experiences — including the chance for one loyal customer to take seven friends on a seven course gelato experience at the Messina Creative Department. Powered by LOKE, a Melbourne fintech startup, customers will be able to add their preferred payment type, including their Paypal account, […]
Hopes high innovation statement can lift fintech
The financial technology community is eager to see if financial services will be called out in the innovation statement, reflecting the current surge in investment and activity in fintech start-ups and their potential to enhance customer service and reduce costs. The government has set itself a high bar to hurdle as it releases its innovation statement on Monday: the package will be “a complete game-changer for our country”, Assistant Innovation Minister Wyatt Roy has said, while Prime Minister Malcolm Turnbull has promised it will contain “a very large number of substantial measures”. Tax reform for start-up investors seems likely to receive bipartisan support, after Labor pledged on Friday to give […]
