Five FinTechs on Friday – June 12 edition

Today’s series looks at a digital marketplace for Aussie borrowers, an investment transactions app, a prepaid payments specialist, a flexible funding platform to SMEs, and a ‘buy now pay later’ tech company.
Below are five fintechs you need to know about this week.

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Member Spotlight: Civic Ledger, Digitally Transforming Water.

“Whiskey is for drinking, water is for fighting over”  —  Mark Twain.

The allocation of water rights in Australia has recently been the subject of media attention, particularly surrounding the Murray-Darling Basin, where an over allocation of water rights in the second half of the 20th century has led to a water shortage. Since water rights are regulated by the states, the systems are far from unified. There are four state registries, seven regulators, around 300 water products, and over 15,000 business rules that government water trades. Each register also attracts a fee to gain access and perform searches.

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Member Spotlight: InDebted, the model company for a post-Covid-19 market.

For many, the Covid-19 pandemic has slowed business growth and, for some, it may mean that they will have to shut their doors. It has been an unprecedented time of economic downturn, that the International Monetary Fund has tipped as potentially triggering a global recession worse than the recession triggered by the GFC. However, for some in the fintech industry, this has been a period of prosperity. Despite the economic downturn, many fintechs have seen continued investor support. In April, Xinja raised $433 million from a fund in the United Arab Emirates, and AirWallex gained unicorn status with a $252 million raise. More recently, Nium and Moneytree have completed successful raisings, and Joust has merged with Loan Dolphin.

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Five FinTechs on Friday 4

Innovation is the name of the game here in Australia. Today’s series covers an electronic payments solutions provider, real-time payment specialists, a unique banking app to help Australians save on their home loan, a marketplace for third-party fintech payment services and a global privacy enhancing, data exchange technology service.
Below are five fintechs you need to know about this week. (more…)

Member Spotlight: BTC Markets, Cryptocurrency and CBDCs in Australia

In last week’s spotlight, we discussed Covid-19’s acceleration effect regarding the adoption of new technologies. Continuing that trend, this week we spoke with CEO of BTC Markets, Caroline Bowler about the opportunities that the current market presents for cryptocurrency adoption and, in particular, Central Bank Digital Currencies.

During the past few months, the cryptocurrency markets, with Bitcoin in particular, experienced significant movement. This can potentially be attributed to uncertainty in traditional markets and the recent Bitcoin halving. Despite prices slumping in recent weeks since the halving, investor activity in Bitcoin derivatives is at record levels. “The pandemic has amplified digital asset’s presence on the global financial stage,” says Ms Bowler, “we see an opportunity for investors adopting digital assets to cushion against the economic effects of Covid-19. For example, bitcoin as a potential deflationary hedge against inflation brought on by quantitative easing. Evidence of investor activity can be seen by looking at the asset’s derivative markets.” (more…)

Five FinTechs on Friday 2

In today’s series we cover Australia’s leading digital asset exchange and a payment technology company that is offering a special rate for FA paid members. We also put the spotlight on a governance platform for data sharing, smart mobile wealth creation app, and payment terminals software and services.

Watch this space for more! (more…)

Member Spotlight: Frollo, paving the way for fintech in CDR

The advent of Covid-19 has accelerated the adoption of technologies such as videoconferencing at the workplace and in court, and the signing of documents electronically, both at a federal and state level. One other area of fintech innovation that will likely benefit greatly from this rapid adoption is the Consumer Data Right.

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Five FinTechs on Friday

The fintech industry is continuing to innovate and we’ve had exceptional startups launch in Australia. In this new series, we will be highlighting five fintechs every friday to put a spotlight on the amazing solutions the companies are developing (more…)

Full Profile's AgriDigital successfully executes world's first settlement of an agricultural commodity on a blockchain

AgriDigital has successfully executed the worlds first-ever live settlement of a physical commodity on a blockchain between a grower and a buyer.
Real-time payment has huge implications for the agri-supply chain as it eliminates the counterparty risk that all sellers face. (more…)

Opinion: Testing Digital Advice Algorithms

The below opinion piece is in response to a recent submission by the Financial Planners Association in response to ASIC’s Robo Advice Consultation Paper 254. (more…)

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Videos

Ep 2: Fintechs Acceleration of Growth Since COVID

Ep 1: The Evolution of Payments

Scaling Product Globally

Podcasts

Lee Hatton – Afterpay: FinTech Australia Podcast

Anthony Jones – Visa AUS/NZ

Tim Cameron – TransferWise