The element of fintech which has been most heavily disrupted, from consumer and small business point of view, has been payments. And as of October 3, Square, one of biggest players in this disruption, the has released a new Square Stand – a $299 device that...
Late last week, ASIC released its first set of guidelines for ICOs – or Initial Coin Offerings. An ICO is a form of capital raising where a blockchain-based platform or project issues a number of ‘tokens’ which can be bought in exchange for digital currencies,...
Addressing more than 300 people at ACS’ Digital Economy Breakfast event in Sydney, the Treasurer of Australia, the Hon Scott Morrison, spoke of Australia’s emergence as a fintech powerhouse. Combining the financial services provided by banks and accounting firms, with...
With Sydney’s being recognized as the eight most attractive financial centre in the world, and Melbourne ranking 15th, Australia is coming out to be an attractive market for Goldman Sachs. Given the fact that Australians have expressed a real interest in...
Much speculation has been made on the retail giant’s effect on the Australian market, but Padelford,global manager for e-commerce platform Shopify’s “Plus” model, believes that fearing Amazon “is not a good strategy”. There are...
You will often hear a small business owner complain about the banks ‘taking their cut’ of every transaction. The cost of having a transaction machine can feel like a big expense for some businesses; and many then pass those costs onto their customers in the form of...
The Turnbull government has been methodically setting about positioning Australia to springboard and join China at the forefront in this emerging and exciting space. A recent KPMG report highlighted this opportunity for Australia to be the leading fintech hub in...
Australian banks will continue to face an ever-increasing range of, non-bank competitors, according to Westpac. Global tech companies are emerging as some of the most significant disrupters of the financial system, and that the level of competition should be judged...
The federal government has launched a consultation paper on the design of its planned Digital Economy Strategy, to be released early next year. Once complete, it is expected to address topics including digital infrastructure, digital business capability and building...
If Australia wants to lead the next wave of fintech innovation, it needs the next generation of start-ups to be successful. Although the federal government and the corporate sector are on board, it will take more than general support for Australia’s fintech scene to...
“Our partnership with OPMC stands out for the responsiveness, ease of collaboration, and shared commitment to our joint customers. Their team is quick to address challenges and always prioritizes our joint customers’ needs, leading to innovative solutions. Working with them is seamless, thanks to their understanding and proactive approach. We’re grateful for this partnership and the positive impact it’s had on our business.”
