Both were frustrated by the Aussie banks monopoly on the international money transfer market, the long time delays to receive money, and the high fees charged to the customer.
So FlashFX was born. An innovative service that is underpinned by the latest technology and integrates with the global distributed ledger payments protocol, Ripple.
FlashFX gives the customer a faster, easy to use, transparent, cost efficient way to move money overseas.
It is the first Australian company with a digital Australian Financial Services License from ASIC and regulated by AUSTRAC.
Has held leadership positions in Westpac and UBS accumulating 15+ years experience in investment banking and financial experience across Australia, Europe, the US and Asia.
Having seen the choices available in other markets, Nicolas was amazed by how inefficient and poor money transfers can still be for Aussies. Since improving systems is in his DNA, he set out to make things better for everyone.
A passionate technologist and start-up innovator with 25+ years experience building distributed systems. Along the way Michael has lead teams across Westpac, JP Morgan Chase, and Deutsche Bank to name a few.
An entrepreneur at heart who loves making finance tech that actually works for people and seeing positive change come out of it.