Brisbane-based cyber security company Entersoft has successfully helped launch and protect $US1 billion of initial coin offerings to the world market without a single hack or lost token value. And the security support service for ICOs, which includes anti-phishing and smart contract security, has been operating for just 10 months. Entersoft has since mid-2017 helped more … Read more
Category Archives: Fintech Back
Fintech adoption speeds up in Australia
Australia is growing faster than most of the global markets and is now outplacing the US in terms of fintech adoption, says Noah Breslow, the chief executive of US online SME lending company OnDeck Capital, which has delivered more than $US8 billion in loans to 80,000 small businesses globally. He told the third AltFi Australasia Summit … Read more
A cryptocurrency CEO bragged that he ran off with $50 million — but after a journalist tracked him down in Egypt, he said it was just a joke
A German cryptocurrency startup called Savedroid vanished from the web on Wednesday, leaving behind a “South Park” meme which said: “Aannd it’s gone.” Savedroid’s founder tweeted out a beachside photo not long after, leading investors to believe that he had absconded with their money. Adam Selene, a cryptocurrency journalist, decided to track Savedroid’s founder down … Read more
FINNIES: The Australian fintech startups disrupting home loans
A new type of fintech company is helping home buyer owners save on their home loans, using technology to drive competition and take business from the big banks. The differences between mortgage deals offered by the big four banks are hard to spot and even harder to work out when looking for a home loan deal, according … Read more
Afterpay defends itself over underage alcohol buying claims, as ‘buy now, pay later’ platforms face scrutiny
‘Buy now, pay later’ platform Afterpay has been in the spotlight this week over claims minors can use its services despite not having any savings, prompting the company to insist it already has significant checks and balances in place. On Wednesday proxy advisory firm Ownership Matters released a report to clients and obtained by press … Read more
NOVATTI LAUNCHES PLATFORM FOR CHINESE RESIDENTS TO PAY BPAY BILLERS WITH ALIPAY
ASX-listed fintech Novatti Group has launched a new bill payment solution for members of Australia’s growing community of Chinese residents, migrants, students and toursist, resulting in its shares surging more than 36% in a day. The chinapayments.com platform enables consumers to pay billers registered with the BPAY electronic bill payment system, using funds from their Alipay e-wallet. … Read more
How to build IT infrastructure for your business, and how much you should spend
There are now more IT infrastructure options on the market than ever before, so it’s little wonder managers are finding it difficult to decide which choices to make for their business. Finding the right balance between solutions that are either flexible or rigid and adaptable or secure has become a mammoth task, one that is … Read more
How to upgrade your business with the top tech trends of 2018
We get it: tech can be hard to keep up with. The amount of change that’s happened in the last year alone can be overwhelming. From AI, to data, to cybersecurity there’s always something new begging for your attention (and for your money, too). So what are the trends that are going to dominate the … Read more
Google to ban all cryptocurrency ads from June 2018
In a move that is sure to ruffle a few feathers in Silicon Valley, Google is set to ban all cryptocurrency advertising and initial coin offerings (ICO’s) from June 2018. The move is part of a new financial product policy set to come into effect from June 2018, and sees all ads about cryptocurrency and … Read more
Australian blockchain-driven startup ShareRing just raised $3.8 million
Sharing economy startup ShareRing has closed a $3.8 million capital raising which will be used to build the development team, app development and marketing strategy. The seed round for the platform aggregating share economy services was raised from friend and family investors in six weeks. ShareRing, founded last year by Tim Bos, Rohan Le Page, … Read more