Sort by: FinTech

FinTech

post-image

Green Fintech, Revolution or Evolution?
Can Fintech change the world, for good?If you ask many of the founders applying new models to financial services, then yes.From supporting reforestation, powering solar energy projects, tracking and highlighting carbon emissions to enabling access to ethical and sustainable investments, the rise of Green Fintech is no longer a trend.A new ecological awareness of product use is here, customers care and why shouldn't that include financial products?Investors are also taking note with a significant increase in sustainable investments in Fintech.And at the forefront in Australia is Startup Bootcamp's recently launched Sustainable Fintech Fund.https://www.startupbootcamp.com.au/blog/global-sust
17 May 2022 by Adam Caines

FinTech

post-image

The first real test for QR since lockdown!
Woolworths announced today the launch of their Everyday Pay Wallet, a new way to pay and collect rewards at check-out.As a payments nerd, I'm excited to see what the update will be in what is the first real test for QR codes since we had to check-in everywhere we went!I for one look forward to using it and seeing what the experience is like but as ever, the public will determine it's success through adoption.In the future will there just be a QR code check-in and no check-out to broaden the Scan & Go experience?https://www.itnews.com.au/news/woolworths-wraps-digital-wallet-into-its-loyalty-app-579826
11 May 2022 by Adam Caines

FinTech

post-image

PayToMorrow? As it won't be today or the next...
The RBA announced this week that the major banks will be allowed an extra 9 months to deliver PayTo, the highly anticipated iteration of NPP (new payments platform) allowing payment initiation.Perhaps for Fintech, this is a prudent time to validate, innovate and prepare so that when launched, solutions hit the ground running and we see a shorter j-curve for adoption.What are some innovative use cases for PayTo in market for both consumers and business?https://www.itnews.com.au/news/major-banks-get-more-time-to-deliver-new-npp-functionality-579512Note: PayTo is still due to go-live mid-2022 with a number of participating institutions.
5 May 2022 by Adam Caines

FinTech

post-image

To Scrape Or Not To Scrape - Open Banking Debate Gets Spicy
As the Australian Open Banking regime starts to gather some much-needed momentum, part of the discussion circles back around to the thorny issue of Electronic Data Capture (aka screen-scraping).Screen-scraping is universally loathed by banks as it involves the sharing of online banking log-in credentials which, banks say, breaches their T&Cs.However, in the absence of any other mechanisms for consumers to share their data to achieve "better" financial outcomes, screen-scraping has become ubiquitous in the Fintech space.Can Open Banking and screen-scraping coalesce in harmony? Ben 'Fintech' Ford weights up the pros and cons.https://www.fintechbusiness.com/blogs/2245-screen-scraping-and-the-future-of-open-finance-in-australia
13 April 2022 by Ben Ford

FinTech

post-image

UK Open Banking Accelerates To Hit 5m Users
The UK's roll-out of the Open Banking, which, given its two-year head-start on Australia's regime, is often used as a pointer for future adoption and success, hit a major milestone last week as it was announced that 5m users have now engaged with and used Open Banking.Particularly impressive was that growth from 4m to 5m was achieved in just 4 months, much faster than previous 1m user increments.This suggests that consumers & businesses are moving to embrace tools and services that enables them to move and manage their money much more readily.https://www.openbanking.org.uk/news/open-banking-passes-the-5-million-users-milestone/
22 February 2022 by Ben Ford

FinTech

post-image

Big thinking on Cryptocurrency and Blockchain
"Lucid, wide-ranging, cross-disciplinary critiques of cryptocurrency and blockchain" > https://blog.dshr.org/2022/02/ee380-talk.html...Critique > https://twitter.com/doctorow/status/1493288001107021826?s=20&t=wMw5y0i4tohXKfEXp9sKlg
15 February 2022 by Maria MacNama...