Shopify Plus GM: No business should be afraid of Amazon
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 35,000 Australian stores in the...
The rise of cashless society – is your business listening to your customers?
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...
No reason why Australia should not be a global leader in the fintech sector
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...
Westpac warns of disruption from tech giants
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...
Govt consulting on Digital Economy Strategy
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...
Four areas Australia should focus on to lead in the coming fintech boom
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...
Sydney fintech startup Spriggy raises $2.5 million to change the way parents give their children pocket money
Sydney-based pocket money management startup Spriggy has closed a $2.5 million funding round to help parents teach their children about finances and savings, after its co-founders left their corporate banking roles “to do more for their customers” than what the big...
Open banking review wants to facilitate new data industry
Due at the end of this week, head of federal government's open banking review, Scott Farrell, is hoping submissions will consider the benefits of the regime from the customer perspective. "I am interested in what the industry thinks their customers really want, not...
