Digital natives love the blockchain because they trust it
The younger ‘digital native’ generation may turn out to be blockchain’s driving force in years to come, as they grow to distrust centralised institutions and systems. That’s according to Dentacoin Foundation’s communications manager Donika Kraeva, who believes that there is a direct correlation between Generation Z’s lack of trust and high adoption of crypto assets and blockchain. Kraeva says that blockchain is a safe, reliable, and efficient way of storing value without any involvement from third parties. Apparently digital natives’ don’t like interference, especially from governments and banks. Digital trust is also more important than ever. Blockchain, Kraeva adds, provides digital scarcity and digital trust worldwide. Blockchain also provides online […]
More jobs for Australians as Silicon Valley Fintech opens APAC headquarters in Victoria
An announcement made by the Victoria Government focused on Melbourne being the new Asia-Pacific Headquarters of a Silicon Valley fintech innovator. Victoria’s growing fintech sector will be boosted as Nomis Solutions, a Silicon Valley fintech innovator, has announced that Melbourne will be the location of their Asia-Pacific Headquarters. This move will be creating 50 jobs in over five years. Nomis Solutions’ cutting-edge approach to big data as well as its personalised customer solutions and market analysis are being used by more than 10,000 bankers worldwide. The support of the Andrews Labor Government has secured Nomis Solutions’ base of operations in Melbourne. The Victoria Government is growing the state’s reputation as […]
World’s largest blockchain loyalty program launches in Australia
Blockchain company EZToken has announced the launch of its global cryptocurrency loyalty program (EZToken Rewards) in Australia. EZToken Rewards is the world’s biggest blockchain loyalty program (by size of retailer network). Members are rewarded with EZToken cryptocurrency rather than loyalty points for transacting with over 80 participating retailers. Unlike loyalty points, the value of EZToken constantly changes as EZToken is actively traded on digital exchanges around the world. With real potential to become one of the most popular loyalty currencies in the world, members who have earned EZToken can hold and see if the value rises, trade at participating retailers or transfer to other EZToken Rewards members. Best of all, […]
Verrency boosts commercial offering signing ten strategic Fintech partners
Australian global payments provider Verrency has signed ten strategic FinTech partners in just six weeks as it continues to gain global traction. Founded in 2016, Verrency enables banks to cost-effectively deliver the latest value-added payment capabilities and curated FinTech services – via V+, their FinTech marketplace – to their customers without replacing or heavily modifying their existing payments infrastructure. As part of the recently signed partnership agreements, Verrency enables these signed partners to easily distribute their services to global financial institutions via Verrency’s API platform. Some of Verrency’s newly signed FinTech partners include: UK-based ComplyAdvantage, which provides real-time screening and monitoring technology powered by artificial intelligence to help companies comply […]
Alibaba Cloud and TAS announce partnership to lead the way in cloud services for Financial Industry in Australia
TAS, a leading technology partner for the financial services sector and Alibaba Cloud, the cloud computing arm of Alibaba Group, have announced a partnership that marks a new era of cloud services to the financial services industry (FSI) in Australia. In this partnership, TAS and Alibaba Cloud will provide a managed, compliant and secure cloud system to further solidify TAS’s longstanding reputation of being a trusted technology partner for the financial services industry and help to further cement Alibaba’s entry into the Australian market. With TAS’s 30 years of deep industry experience and an excellent track record of delivering exceptional end-to-end outcomes for 60 financial institutions – together with Alibaba […]
Putting the service back into ‘Financial Services’
Founded in 1998, well before Fintech had emerged as a moniker for disruptors in the finance industry, OFX (formerly OzForex) has been at the forefront of international money transfer services for nearly 20 years. From humble beginnings in a garage in Dee Why, the company has grown from an information only facility, providing up to the minute insights to the best available foreign exchange rates, to a global organisation, handling over $100B in transactions. Fuelled by a desire to ‘give Australians a fair go’ when it came to foreign exchange, the Company has consistently stuck to its ‘fair go’ and ‘great service’ roots. Developing partnership networks with a panel of […]
Australian alternative finance market grew by 53% in 2016: Report
The Australian alternative finance (alt-fi) market grew by 53% in 2016, despite declines in equity crowdfunding activity in the face of regulatory uncertainty, according to a study released in September. The study was undertaken by the Cambridge Centre for Alternative Finance, the Tsinghua University Graduate School, the Australian Centre for Financial Studies at Monash Business School and KPMG. It found that the Australian alt-fi market has grown 53% over the past 12 months. According to the Cultivating Growth: The 2nd Asia Pacific Alternative Finance Industry Report, which surveyed 628 alt-fi companies, Australia overtook Japan in 2016 to become the second largest alt-fi market in the Asia Pacific, with a market […]
CoinJar is the Aussie enterprise bringing Bitcoin into the everyday realm
Although Bitcoin is one of the most widespread Internet currencies, it can seem intangible compared to EFTPOS or cash. CoinJar is a Bitcoin platform based in Melbourne which offers users a seamless way to pay for anything with digital currency. Making use of an EFTPOS card means that CoinJar isn’t only for online purchases, but can give consumers more choice about their daily purchases. With the core intention of transforming the way money flows within and between communities, CoinJar is used by 70,000 customers worldwide. Techly spoke to Asher Tan, the co-founder and CEO of CoinJar, about what makes the Aussie Bitcoin biz tick. Explain what CoinJar does, and why […]
