Category Archives: Finance Back

“INNOVATION WILL FLOURISH” IN THE DIGITAL CURRENCY SECTOR AS ANTI-LAUNDERING LAWS PASS

The passage of anti-money laundering legislation through Parliament on Thursday will facilitate further growth in Australia’s local blockchain and digital currency industry, according to local fintech leaders.  The Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2017 will extend anti-money laundering and counter-terrorism financing regulation to digital currency exchanges. The legislation requires these exchanges to monitor … Read more

Down in ‘crypto valley’: Is the Swiss town of Zug blockchain paradise, or just a “bit half-baked”?

With startupland currently inundated with hype around initial coin offerings, Bitcoin forks, and disruptive new blockchain companies, one startup veteran says the Swiss town of Zug — recently coined as ‘crypto valley’ — might not be all it’s cracked up to be. Zug is the home of the foundation behind second-largest cryptocurrency Ethereum, which can be thanked … Read more

SMOKE, LASERS & STORYTELLING: VANESSA STOYKOV ON HER BUSINESS SUCCESS IN THE FINANCE SECTOR

Over the past two decades, Vanessa Stoykov has carved out a successful career in the finance industry as a storyteller, TV host and entrepreneur. Her first business, Evolution Media Group, has become a multi-million-dollar production house off the back of demand for its educational video content about wealth. Meanwhile, No More Practice – Stoykov’s e-learning service … Read more

Raise Capital on Your Own Terms : How to Fund Your Business without Selling Your Soul (ebook)

Author: Jenny Kassan You’re an entrepreneur with a great idea. But your business needs money. So, do you max out your credit cards, borrow from friends and family, and do everything yourself? Or do you make a devil’s bargain with some venture capitalist who’ll demand a tenfold return and could easily take your business out … Read more

MARK BOURIS HEADING UP FEDERAL GOVERNMENT TASKFORCE TO HELP SMALL BUSINESSES DIGITISE

High-profile entrepreneur Mark Bouris will head up a taskforce established by the Federal Government to encourage small businesses to adopt digital technologies that will streamline their operations. Bouris will be joined on the Small Business Digital Taskforce by Spiro Pappas (Executive General Manager of Global Institutional Banking at NAB), Pip Marlow (former MD, Microsoft Australia), … Read more

Naomi Simson’s Red Balloon fined $43,200 by consumer watchdog: “It’s a very expensive lesson”

Corporate gift company Red Balloon  has been fined $43,200 by the Australian Competition and Consumer Commission (ACCC) for allegedly overcharging four customers for “excessive payment surcharges” on credit card purchases. The company, founded by Shark Tank investor Naomi Simson, was found to have fallen foul of the nation’s excessive surcharges ban which has applied to large businesses since September … Read more

Financial literacy is a public policy problem

It’s pretty common nowadays to see the likes of the Reserve Bank of Australia or the Australian Bureau of Statistics issue warnings about the size of Australian household debt. The reason is that the consequences of poor financial decisions often reach far wider than an individual or family. The global financial crisis showed us how rapidly financial contagion can spread – … Read more