How WNS is Becoming a Trusted Partner for FinTech Companies

FinTechs come in all shapes and sizes, from neobanks like Monzo and Chime to payments apps like Venmo and Stripe. Despite occupying differing niches in the Banking and Financial Services (BFS) market, they are all focused on one thing: innovation. 

However, as FinTechs scale up operations, they face a host of regulatory and business challenges. These include complexities arising from increasing back-office activities, support teams and networking requirements. Managing such administrative obligations while continuing to focus on innovation can be overwhelming. 

Service providers are now stepping in to solve this dilemma. Take WNS for instance. This well-known provider of business process management solutions is helping FinTechs grow business operations while retaining their focus on market innovation. 

HFS Research caught up with WNS to find out what’s enabling them to become a partner of choice for disruptive clients.

A Differentiated Offering

WNS has proven strengths in areas such as analytics, finance and accounting, and procurement as well as deep industry expertise in key sectors. Over the past few years, it has been investing in its proposition for FinTech firms.  

WNS has developed a solution that supports fast-growing FinTech firms. This modular suite of banking solutions has been designed to enable FinTechs to efficiently manage, streamline and scale up operations. Powered by a combination of analytics, robotic process automation, artificial intelligence and machine learning, the suite addresses the FinTech business imperatives of operational control and governance, cost optimization, customer experience, regulatory compliance and digital transformation. 

WNS’ nimble approach is already showing results. The partnership with Varo Bank is a case in point. This digital neobank was the first of its kind to be granted a national bank charter in the US. It was poised for massive growth and needed a trusted operations partner. WNS rose to the challenge. The Varo-WNS engagement includes critical back-office tasks such as Anti-money Laundering (AML) sanctions screening, account maintenance, exception handling and communications management. And Varo is currently looking at expanding the engagement. 

If the success of this partnership is anything to go by, WNS is well-positioned to capitalize on this expanding and lucrative area of the industry, delivering real value to growing FinTechs.

To know more, read HFS’ report on WNS and its FinTech strategy


Just one year after its grand launch at Perth’s Optus Stadium, Australia’s fintech digital finances platform Ziksu has been awarded as the Most Innovative Contactless Payment Solution (APAC) 2022 by an international finance magazine.

The annual fintech award is part of ten wealth and finance award categories hosted by UK-based, Wealth and Finance International magazine and is judged by a panel of researchers on several criteria. These include, demonstrated expertise in a given area, dedication to client fulfilment and noteworthy performance or commitment to innovation.

Ziksu Founder, CTIO, Karthik Srinivasan said he was proud to be recognised in the global arena.

“It’s fantastic to be recognised for financial services innovation within the APAC region…we are excited to offer Ziksu’s ‘Scan n Pay’ as the first truly contactless payment method instore in Australia, Mr Srinivasan said.

“It enables customers to manage transactions through their mobile device, including entering a pin number to verify their identity, which has been highlighted as critical during the pandemic.

“Ziksu provides an instore digital solution to the ongoing transaction problems faced by Australian businesses.”

As the first Australian fintech to be recognised as a financial institution, Ziksu incorporates a QR code and true contactless mobile payment services with a digital transaction account and real-time funds settlement. Mr Srinivasan said the Ziksu app would also provide equality in financial services for Australian consumers.

“Australia’s payment system has remained unchanged for more than three decades and millions of small businesses have been burdened with including ongoing terminal costs, high account keeping fees, waiting up to three days for funds to appear in their account and loss of business due to general hardware failures,” he said.

Small businesses have laboured under the restrictions of cash or EFTPOS payment landscape in Australia and a ‘Tap n Pay’ option leading many to pass on the high service fees or implement price hikes to consumers. The heavy reliance on a payment terminal has also made it a single point of failure for any business when natural disasters or terminal disruptions occur.

Ziksu’s ‘Scan n Pay’ QR code product is a genuine third payment option for Australia’s small business and consumers, instore. It combines transactional banking with a digital transaction account and truly contactless payments for both business and personal customers within the scope of Anti Money Laundering/Counter Terrorism Funding (AML/CTF) regulations and compliance.

‘Scan n Pay’ is 100 percent mobile and user-friendly, operating on any Android or iOS mobile device via the Ziksu app and is the first of its kind to utilise the New Payments Platform (NPP) whose original shareholder is the Reserve Bank of Australia. It enables the user to send and receive money through the app and has been developed as per the NPP QR Code Standard to support a consistent payment experience.

Ziksu has further developed static and dynamic QR Codes across several use cases mainly for instore e-commerce, invoices, and P2P scenarios. It’s available 24 hours a day, 365 days a year and allows transactions to settle in real time across more than 100 banks, and financial institutions connected to the platform.

QR codes have already become widely accepted throughout Australia due to compulsory COVID-19 contact tracing and have been popular in APAC countries for many years. Australian consumers will also enjoy QR codes with no delays or wait times, additional budgeting tools and instant digital transactions with ‘Scan n Pay’.

Accounts open in less than two minutes and five minutes respectively including Know Your Customer checks and identity verification. Ziksu is a regulated entity and conducts in-app identity verification of individuals and businesses to safeguard the integrity of the platform.

Consumers can access the product by downloading the Ziksu app and once the identity has been verified, the user is provided with a digital transaction account, which includes a BSB, account number, PayID and unique QR code. With the initial commencement of PayTo services from NPPA, Ziksu is currently developing features in its Scan n Pay product to further revolutionise account-to-account payments and aims to transform the instore payment experience for a customer.

PayTo is a new digital way for merchants and businesses to initiate real-time payments from their customers’ bank accounts. The platform will also incorporate Open Banking, which will further enhance its product-offering.

Open Banking will enable businesses and consumers to pull financial information, based on consent, and will enable Ziksu customers to link all debit/credit accounts, providing a 360-degree view of all their finances on one digital platform

These digital enhancements contribute to Ziksu’s overall mission of bolstering Australia’s small businesses through improved cashflow. Ziksu has a global outlook and is on track to realising its strategic plan, and developing a third product, which is expected to be taken to the international market in early 2023.

For further information please contact

Rhonda Malkin,

Digital Content/Copywriter

1300 194 578 /

FinTech Voice August 11, 2022

The EY FinTech Australia Census is an important initiative we conduct every year to gain a better understanding of the key issues that are affecting the fintech community. If you’re a fintech and haven’t yet participated in this year’s census, please do.

This study will help us demonstrate that our priorities truly reflect the views of the ecosystem. It is a highly valued source of information for both regulators and government.

Meetups – We are hosting a Going Global event in collaboration with Austrade to showcase how Australian fintechs are successfully scaling their businesses globally. We will be joined by speakers from Google Cloud & AssuranceLab to discuss how you can scale your fintech business with strong partners, and Fundsquire and Karta as leading examples of Australian fintechs succeeding overseas. August 24 – Register soon!

Policy Advocacy  RBA is working with the Digital Finance Cooperative Research Centre to study use cases for a CBDC in Australia. APRA is working on a draft standard on new operational risk management. The Government is working on introducing legislation in the upcoming parliamentary sitting period to make unfair contract terms illegal. For more updates on policy, check out the advocacy section below

Please reach out to Nick Kavass to arrange a time to discuss your policy priorities and involvement in our Policy Working Groups.

Intersekt – Lots of excitement and interest for the conference this year and not enough space. Book your tickets soon. Visit intersekt website for all the info and updates on the program, networking events.

We have joined forces with Seed Money, Mastercard, Dialpad and Seed Space to deliver this year’s Intersekt Pitch Night 2022Express your interest to pitch your fintech to investors and to win amazing prizes.

We recently released our year in review outlining our milestones and showcasing our journey and achievements from last year. Thank you to all members for your support.


ASIC (Australian Securities & Investments Commission) hosted the Financial Innovation Regulator Meet-up, representatives from national bodies discussed issues and their latest experience with financial innovation and technology, details here.

For any queries and support, please reach out to us.

Finally, we welcome our newest member this fortnight – ARYZAFMH HOLDING PTE LTDGLOBAL PAYMENTS INCBEHAVE AND SAVE and IDMETA PTY LTD


Rehan D’Almeida,
General Manager,
FinTech Australia

RBA to explore use cases for CBDC

The RBA announced it is working with the Digital Finance Cooperative Research Centre on a research project to explore use cases for a central bank digital currency (CBDC) in Australia.

Yesterday we met with the RBA to discuss this work and opportunities for FinTech Australia members to be involved. The RBA is keen to hear from fintechs with ideas for pilot use cases before a white paper is launched in the coming months.

This year’s Intersekt will feature a panel discussion and roundtable with the RBA, including Head of Payments Policy, Ellis Connolly. The roundtable, in particular, will provide an opportunity to engage directly with the RBA on CBDC use cases. We will also organise broader engagement opportunities with the RBA on this project after Intersekt.

If you have a strong interest in this work, please reach out to us.

APRA consults on new operational risk management standard

APRA is consulting on a new cross-industry Prudential Standard CPS 230 on Operational Risk Management.

Notably, the draft standard includes broadened requirements for APRA-regulated entities to effectively manage the risks associated with the use of third-party service providers with a comprehensive management policy, formal agreements and robust monitoring.

Banking as a Service arrangements and crypto-assets are specifically mentioned in APRA’s associated discussion paper as examples of situations where ADIs would need to meet the updated requirements.

APRA is seeking feedback on the draft standard by 21 October 2022.

Government to legislate ban on unfair contract terms

The Government announced it will introduce legislation in the upcoming parliamentary sitting period to make unfair contract terms illegal.

The amendments will introduce civil penalty provisions outlawing the use of, and reliance on, unfair terms in standard form contracts. This will significantly strengthen the current provisions, which can only result in a term being void if found ‘unfair’ by a court or tribunal.

The reforms will also expand the scope of small businesses protected by the unfair contract terms provisions. The small business eligibility threshold will increase from less than 20 employees to less than 100 employees, and an annual turnover threshold of less than $10 million will be introduced as an alternative threshold for determining eligibility.

Intersekt Regulator Roundtables

Intersekt this year will feature a range of regulator roundtables led by federal government departments and agencies, including Treasury, ASIC, AUSTRAC, the RBA and the ACCC.

We will soon announce registration details for participating in these roundtables.

📇Open Banking Excellence (OBE) has joined forces with Accenture, the UK Government’s Department of International Trade (DIT), Innovate Finance, NatWest and the University of Oxford to develop a first-of-a-kind global Open Finance Index. The index helps to understand about Australia’s domestic readiness to develop Open Banking and Open Finance ecosystems. Take part in their quick survey here.

💭Think & Grow are working on the most in-demand nationwide research project – the fourth iteration of the Australian Startup Salary Guide 2022/2023. Click here to participate in the survey.

🔍 AusIndustry is hosting a a free information session to learn more about the Research and Development Tax Incentive (R&DTI). This hour long session will introduce you to the R&DTI and guide you through key eligibility requirements. For more info, click here

🇭🇰 Hong Kong Fintech Week 2022 is here – one of the largest conferences on the calendar, attracting more than 12,000 senior executives and featuring over 250 of the world’s top speakers including FinTech founders, investors, regulators, and academics. 31 Oct – 4 NovBook your pass now

🇬🇧 Austrade presents First in a series of informative sessions with leading experts from across the UK to discuss how Australia’s most innovative Tech Businesses can access UK Markets, raise investment, and hire global talent. Aug 23. Click here to register

Don’t miss all the news and insights from our members and corporate partners from our newsroom.

  • Frollo has announced that it’s phasing out screen scraping in its free money management app, where Open Banking is available
  • RBA and Digital Finance Cooperative Research Centre to Explore Use Cases for CBDC
  • PEXA and Send Payments team up to streamline multi-currency property transactions
  • Change Financial announces $5.7 million capital raise
  • Sandstone Technology Positioned as the Leader in the 2022 SPARK Matrix™ for Digital Banking Platforms by Quadrant Knowledge Solutions
  • B4Real and Tribe Digital Ventures Partnership Announced
  • Jumio has introduced a guide on KYC and Digital Payment Compliance in Asia Pacific

Australia’s most popular money management app phases out screen scraping in favour of Open Banking

In a move that signals the start of the post-screen scraping era, Frollo has disabled screen scraping for the Big Four banks

Australian Open Banking provider Frollo has announced that it’s phasing out screen scraping in its free money management app, where Open Banking is available. It has already disabled screen scraping for ANZ, CommBank, NAB and Westpac and is planning to do the same for at least 50 other banks before the end of 2022.

The company says improved security, user control and access to real-time transaction data make Open Banking a superior alternative to screen scraping. In addition, the Big Four banks now support data sharing for over 30 different product types via Open Banking, providing the coverage required to operate a successful personal finance management app.

Frollo CEO Tony Thrassis: “Phasing out screen-scraping is about much more than just the user experience in our app. It’s the start of a new era where consumers are in control of their own data, they can share it securely and their privacy is protected. 

The fact that we’re now able to deliver a superior user experience by relying solely on Open Banking for a number of products and providers is an important milestone for the Consumer Data Right (CDR).

Already, more than 8 out of 10 new accounts linked in the Frollo app are using Open Banking, and we expect this to only increase as we progressively phase out screen scraping for other banks until it’s only used for banks and products not covered under the CDR.”

The advantages of API-powered Open Banking were highlighted recently when NAB announced it is implementing increased security measures for online banking. These changes will protect from fraud and as a consequence limit screen scraping for practical use. 

By mid/late August, the bank will require customers to use multifactor authentication (MFA) when they log in. This will likely result in users of screen scraping-based apps having to input a new MFA code every time they want their app to update.

And they’re not the first bank to do this. HSBC has long been unavailable through screen scraping, and Macquarie Bank recently implemented security improvements to a similar effect as NAB’s.

The importance of changing the default

Tony Thrassis: “Our research shows that consumers care a lot about their privacy and security when sharing financial information. Yet, many consumers share their banking ID and password with third parties to get access to products and services. Most consumers probably don’t even know who gets access to their credentials nor think about what they could do with that type of unrestricted access. 

It’s a familiar paradox also seen in other industries, with one big difference: Finance now has an alternative. 

It’s important to change the default, as soon as we can. And we’re starting today,

About Frollo

Frollo is a purpose-driven fintech on a quest to help people feel good about money. We help businesses use Open Banking data to deliver better customer outcomes. From reducing debt and increasing savings, to providing a better, more personalised customer experience.

Our modular, end-to-end Open Banking platform enables businesses to bring Open Banking powered use cases to market quickly by leveraging Australia’s most advanced and reliable CDR Gateway, with plug & play access to lending, personal finance management and customer onboarding solutions..

Trusted by clients like Beyond Bank, AFG, P&N Bank and Canstar, Frollo is an Australian market leader in Open Banking.

Reserve Bank and Digital Finance Cooperative Research Centre to Explore Use Cases for CBDC

The Reserve Bank is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project to explore use cases for a central bank digital currency (CBDC) in Australia.

Considerable research has been undertaken by central banks, including the Reserve Bank, into the feasibility and possible technical design of CBDC, in particular exploring the potential use of new technologies such as distributed ledger technology. A question that has received less attention to date, especially in countries like Australia that already have relatively modern and well-functioning payment and settlement systems, is the use cases for a CBDC and the potential economic benefits of introducing one.

The project with the DFCRC will help address this gap by focusing on innovative use cases and business models that could be supported by the issuance of a CBDC. The project will also be an opportunity to further understanding of some of the technological, legal and regulatory considerations associated with a CBDC.

The project, which is expected to take about a year to complete, will involve the development of a limited-scale CBDC pilot that will operate in a ring-fenced environment for a period of time and is intended to involve a pilot CBDC that is a real claim on the Reserve Bank. Interested industry participants will be invited to develop specific use cases that demonstrate how a CBDC could be used to provide innovative and value-added payment and settlement services to households and businesses. The Bank and the DFCRC will select a range of different use cases to participate in the pilot, based on their potential to provide insights into the possible benefits of a CBDC. A report on the findings from the project, including an assessment of the various use cases developed, will be published at the conclusion. The findings will contribute to ongoing research into the desirability and feasibility of a CBDC in Australia.

The Australian Treasury is participating as a member of the steering committee for the project, as part of its joint work with the Reserve Bank on exploring the viability of a CBDC in Australia.

A paper will be published in the next few months that will explain the objectives and approach of the project in more detail and how industry participants will be able to engage.

‘This project is an important next step in our research on CBDC. We are looking forward to engaging with a wide range of industry participants to better understand the potential benefits a CBDC could bring to Australia,’ said Michele Bullock, Deputy Governor of the Reserve Bank.

Dr Andreas Furche, CEO of the DFCRC, said ‘CBDC is no longer a question of technological feasibility. The key research questions now are what economic benefits a CBDC could enable, and how it could be designed to maximise those benefits.’

About the Digital Finance Cooperative Research Centre (DFCRC)

The DFCRC is a 10-year, $180 million research program funded by industry partners, universities and the Australian Government, through the Cooperative Research Centres Program. The DFCRC’s mission is to bring together stakeholders in the finance industry, academia and regulatory sectors to develop and harness the opportunities arising from the next transformation of financial markets – the digitisation of assets that can be traded and exchanged directly and in real-time on digital platforms. The Reserve Bank is an industry partner of the DFCRC, and is using its involvement in the DFCRC to support work on its strategic focus area on supporting the evolution of payments, including through research on CBDC.

Enquiries: Reserve Bank of Australia

External Communications
Secretary’s Department
Reserve Bank of Australia

Phone: +61 2 9551 9720

Enquiries: Digital Finance Cooperative Research Centre

Steph Manefield
Chief Operating Officer
Digital Finance Cooperative Research Centre

Phone: +61 478 220 277

Send Payments and PEXA team up to streamline multi-currency property transactions

Australian property lawyers and conveyancers will now be able to seamlessly facilitate multi-currency property transactions on behalf of overseas clients – thanks to a new collaboration between Send Payments and ASX-listed PEXA. 

Pairing Send’s international payments and foreign exchange services with PEXA’s world first digital property exchange will provide consumers with a faster, cost-efficient solution to previously complex settlements. 

“Settling digitally enables industry to support their clients anywhere, anytime. And thanks to this new collaboration with Send Payments, a key friction point, the transfer of funds overseas, has been addressed – further enhancing the property buying and selling experience for consumers” said Lisa Dowie, PEXA Chief Customer Officer. “We’re delighted to welcome PEXA to the Send partner network,” said Paul Billing, Chief Executive Officer at Send. 

“This new collaboration between Send and PEXA is a perfect example of enterprises coming together to further enhance and extend value offering for their respective industries. 

It further signifies our intent in the Enterprise space; packaging up an international payments engine for large businesses who can in turn extend the offering out to their clients. International currency transfers is a fiercely competitive marketplace and we’ve worked closely with PEXA team to solve some existing challenges and provide a seamless experience practitioners within the industry” added Paul Billing. 

Send expects this collaboration to be the first of several many, which will be announced in the coming months. 


Send provides international currency transfer solutions to a range of Australia’s most loved brands, unlocking revenue for its partners and giving their customers the very best rates. Send’s offering to the market includes FX API which can be implemented with ease, tailored towards partner requirements. 

For more information, contact Pounéh Sedghi, Head of CX, Marketing & Communications at Send, on

The Key to Digital Payment Compliance in Asia Pacific

Your guide to KYC throughout the customer lifecycle.

The digital payments industry is a major target for fraud and money laundering.

Digital identity usage for online customer onboarding is increasing among the businesses to combat financial crime. The Jumio Digital Identity in 2022 Global Consumer Survey reveals that over two-thirds of consumers worldwide (68%) think digital identity verification is important for online financial services.

KYC does not stop at onboarding. Every firm is responsible for preventing fraud and financial crimes throughout the entire customer journey.

If you’re responsible for KYC and AML monitoring for your organization, this resource is for you.

In this guide, you’ll learn:

  • The key requirements when planning your financial compliance program
  • Leveraging digital identity and other fraud signals to optimize the customer onboarding experience and protection
  • Designing and orchestrating an effective end-to-end compliance workflow, from onboarding to ongoing monitoring

Complete the form to access Jumio’s latest Digital Payment Compliance guide.


Change Financial announces $5.7 million capital raise

  • Change Financial has raised $5.7 million with strong support from new and existing investors
  • This news comes as trading volumes in the S&P/ASX All Tech Index soared more than 42% at the beginning of July, lifting the benchmark just over 3% higher

Australian based global fintech and Payments as a Service (PaaS) provider, Change Financial (Change), has raised $5.7 million, signifying investor confidence in small-cap company and tech stocks more broadly, despite challenging market circumstances.

Change CEO and Managing Director, Alastair Wilkie said, that following a year marked by rising inflation and turbulent financial markets globally, particularly for technology companies, Change has received strong support for a capital raising, which allows it to continue to execute on its strategic plans.

“In June 2022, Change signed five-year Payments as a Service contracts with four New Zealand financial institutions totalling $15.2 million which has provided a strong platform for growth,” Mr Wilkie said.

“Despite challenging capital market conditions, investors are seeing value in Change’s strong revenue pipeline and ongoing innovations. We are focused on our pathway to profitability to deliver strong financial results.”

Funds from the capital raising will primarily be used for working capital and product enhancement/innovation as Change continues to expand and diversify their product offerings and strategic partnerships globally.

For more information, please visit:

For media enquiries:

Jared Wright

+61 411 690 221

About Change Financial Limited

Change Financial (Change) is an experienced global fintech, listed on the Australian Securities Exchange (ASX) providing tailored payment solutions, card issuing and testing to banks and fintechs. Partnering with over 154 clients across 41 countries, Change delivers simple, flexible, and fast-to-market payment solutions.

Managing and processing over 16 million credit, debit, and prepaid cards worldwide, Change also provides the default standard for payments testing for many Australian companies, including Australia’s domestic card payment service EFTPOS. Learn more about Change at

Sandstone Technology Positioned as the Leader in the 2022 SPARK Matrix™ for Digital Banking Platforms by Quadrant Knowledge Solutions

Quadrant Knowledge Solutions announced today that it has named Sandstone Technology a 2022 technology leader in the analysis of global SPARK Matrix™: Digital banking Platforms market, 2022.

The Quadrant Knowledge Solutions’ SPARK Matrix™ includes a detailed analysis of the global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading technology vendors in the form of its SPARK Matrix™. The study offers strategic information for users to evaluate different provider capabilities, competitive differentiation, and market position.

According to Megha Rungta, Analyst, Quadrant Knowledge Solutions, “Sandstone’s enterprise-class, predictive-powered digital banking platform titled BXP platform is equipped with robust digital banking capabilities that enable users to gain comprehensive customer insights, deliver personalized customer experience and achieve open banking compliance. The company continues to deliver value to its customers through its key technology differentiators, including best-of-breed native mobile applications, support for the digital experience platform, the ability for banks to develop their own functionality and widgets, increased scalability with Kubernetes support, and integration with the company’s native DIVA solution.” Megha added: “With its ability to cater to diverse use cases, robust product strategy and roadmap, and strong industry expertise, Sandstone Technology has received a strong rating across the parameters of technology excellence and customer impact and has been positioned amongst the leader in the SPARK Matrix: Digital Banking Platforms, 2022.”

Abhish Saha, Executive General Manager, Digital Banking, Sandstone Technology commented, “Banking digital transformation is a must now more than ever with the rapid pace of change in the current financial landscape. For financial institutions to set themselves apart from competitors ultimately means innovating at speed and constantly finding ways to enhance and futureproof their financial eco-system.

Saha further added, “It’s about adopting a holistic view to identify where the complex can be made simple. Placing customer experience at the heart of businesses objectives helps to create a digital banking offering that aligns with customer expectations, while empowering customers and bank employees to have better experiences.”

A digital banking platform enables banks to drive their digital transformation initiatives and provide customers with a seamless and cohesive banking experience across all digital touchpoints. The platform serves as a framework for financial institutions to gain full control over their digital strategy and allow them to modify and optimize aspects of their operations across every device and channel.

SPARK Matrix_DBP_2022

The digital banking platform’s key value propositions such as capturing omnichannel customer feedback/experience data, assessing customer feedback, closing the loop and continuously monitoring internal and external data points to improve products and services, reducing churn, enhancing customer lifetime value, and increasing customer acquisition and retention, are driving the technology’s market growth across geographies and industry segments. Owing to the rising competition and exponential growth opportunities, several new vendors are emerging with innovative technology offerings. Leading digital banking platform vendors are making significant investments in improving AI and machine learning capabilities of their products to support a wide range of marketing and CX use cases and are leveraging automation and advanced analytics to improve the overall campaign performance and effectiveness.

View the release here:

About Quadrant Knowledge Solutions

Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business and Growth advisory services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.

About Sandstone Technology

For more than 25 years Sandstone Technology has been innovating and evolving financial solutions for some of Australia and the world’s largest banks and financial institutions. From digital banking and digital onboarding to loan origination and AI-based data analysis, our scalable, robust, end-to-end solutions using a multi-channel approach helps our customers get to market faster.

B4Real and Tribe Digital Ventures Partnership Announced

In an Australian first, B4Real and Tribe Digital Ventures (TDV) have recently announced their partnership, which brings together the power of blockchain to real estate in the form of tokenisation fractionalised ownership offerings. 

Todd Pierce, a spokesman from B4Real said that affordability is a serious problem in the real estate market with large cohorts being squeezed out due to their economic circumstances. 

He said that the tokenised real estate offerings that B4Real and Tribe Digital Ventures are bringing to the market are an Australian first and will finally give people an institutional grade low-cost way to build a property investment portfolio, without requiring large sums of cash up front. 

CEO of B4Real, Caroline Macdonald said that both B4Real and Tribe Digital Ventures have a unique first mover advantage, not only due to their combined extensive experience and networks built over the last last 30 years but also the AFSL licenses they have worked tirelessly to secure over the last two years, which highlights a compliant path. 

“Our combined extensive commercial networks and AFSL licensing, places us in a very strong position when it comes to security token offerings (STOs) in Australia,” she said 

Pierce said that the big benefit of tokenisation is that it allows a more simplified entry and exit, meaning that it makes real estate assets liquid. 

“Traditionally, real estate has been considered an illiquid asset that requires large sums of cash upfront for entry,” Pierce said.

“The product B4Real and Tribe Digital Ventures are bringing to market removes the high-cost barrier to entry and makes the asset liquid by using tokens. 

“Our goal is to create a vehicle that helps the institutional and wholesale investors have access to real life digital assets and earn extra income and also innovate the way that developers raise funds to build their developments” 

Chris Evans, CEO of Tribe Digital Ventures said that the aim is to simplify the STO capital raising process for businesses and property portfolio owners via a debt or equity token, provide them with access to investors that they otherwise may not have access to and offer investors liquidity through our EOS500 platform and over the counter services. Operating under an Australian Financial Services license ensures our regulatory compliance and offering genuine security in an often-unregulated market. 

Caroline Macdonald said that B4Real brings with it retail outreach and a strong developer network which allows access to Australia’s best investment opportunities. 

“Australia provides a great opportunity launching pad for both companies and with ease of expansion globally.” Mrs Macdonald said. 

Mr Evans, CEO of Tribe Digital Ventures said that the first offerings will be live in October 2022 to institutional and wholesale investors only with the retail sector opening in the later part of 2022 we invite any interested parties to reach out and discuss how this joint venture can be of benefit, with pre-applications already open to interested parties. 

About B4REAL 

B4Real is an end-to-end solution for people wishing to buy and sell real estate with crypto. 

Our goal is to make it easy for real estate professionals to work with crypto, to unlock the power of digital currencies for a new market of property investors and home buyers, and democratise real estate investment via tokenised fractional ownership.

About Tribe Digital Ventures 

Tribe Digital Ventures provides a platform built for companies, investors and brokers. 

Driven by blockchain and a need for change, security token offerings (STOs) open up a market of opportunities for investors and businesses worldwide. 

Raising capital via debt tokens with the ability to liquidate and or build a diversified property portfolio from our selected blue chip investments. 

Contacts are available for interviews and photographs. Photographs are also available on request. 

Media Contacts: 

Todd Pierce: 0421 570 932 or 

Cameron Parker: 0488 882 079 or 

CEO Christopher Evans (Tribe Digital Ventures) +61 481 847 372 

CEO Caroline Macdonald (Black Tie Digital) 

+61 419 032 900

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