Flash Forward

Thoughts about the future of finance and foreign currency transfer.

Blockchain is not just for Bitcoin - it is a digital ledger of transactions

By Michael on

Blockchain sounds like a solution to a 19th-century railway problem, but lately, it’s on the lips of every executive who wants to solve the problem of 21st-century digital transactions. Blockchain technology is a way of recording and storing digital more »

Tagged in: digital currency, ripple, innovation, technology, blockchain, australia

Embracing Blockchain for Payments

By Nicolas Steiger on

Payments are one area where banks should completely embrace blockchain to compete with fintech challengers and to expand their market share. The existing payments infrastructure used by banks faces multiple challenges relating to security, speed and cost. No wonder, Santander more »

Tagged in: digital currency, ripple, innovation, technology, blockchain, australia

ASIC enforcement taskforce recommends tightening bank rules to protect customers

By Nicolas Steiger on

Banks, financial services houses and credit companies will face public naming and shaming over bad behaviour in a suite of major reforms being considered by the Turnbull government. However, the reforms put forward by the Australian Securities and Investments Commission more »

Tagged in: finance, regulation, digital currency, australia

Bank executive takes over as new chief of the Digital Transformation Agency

By Sophie Green on

Gavin Slater, former NAB executive, will be the new chief executive of the Australian government’s Digital Transformation Agency. In a statement the Assistant Minister for Digital Transformation Angus Taylor said Slater had a proven track record in driving transformation more »

Tagged in: digital currency, ripple, technology, compliance, australia, finance

ASIC’s Greg Medcraft lashes bank ‘oligopoly’

By Nicolas Steiger on

Chairman of the corporate watchdog Greg Medcraft lashed out at the banking “oligopoly” for chipping away at customer trust with sector-wide interest rate hikes out-of-cycle with the Reserve Bank of Australia. “I think every time you do an out-of-cycle increase more »

Tagged in: finance, regulation, australia, international money transfers, currency conversion, compliance

The quiet engine powering Australia’s innovation boom

By Nicolas Steiger on

Not that long ago, building a global company was reserved for large incumbents and heavily capitalised start-ups. But that’s changing. Instead of needing millions in the bank or being based in the heart of Silicon Valley, the internet — and more »

Tagged in: digital currency, ripple, innovation, technology, blockchain, australia

The value of choice, control & transparency

By Tim Strube on

International money transfer services and banks around the world continue to trap consumers with opaque and overpriced exchange rates. For too long the foreign exchange industry has profited in the shadows. It has never served the remitters’ best interests to more »

Tagged in: digital currency, ripple, innovation, technology, blockchain, australia

The Australian dollar rallied back to the highs after FOMC

By Nicolas Steiger on

The Australian dollar surged back above the 0.7700 level on Thursday morning, propelled higher by renewed US dollar weakness after yesterday’s US Federal Reserve lifting interest rate by 25 basis points. The gain in the AUD/USD was more »

Tagged in: AUD, exchange rates, finance, australia, international money transfers, currency conversion

ANZ, Westpac admit breaches in forex trading

By Tim Strube on

ANZ and Westpac have followed rivals and yielded to the corporate regulator’s investigation into banks’ foreign exchange businesses, agreeing to oversight and changes after traders shared confidential client information and traded to benefit themselves. Similarly to the CBA and more »

Tagged in: regulation, banking, global payments, digital currency, australia

US rate hike at next meeting "would likely be appropriate" if data is good enough, Fed's Yellen

By Nicolas Steiger on

The Australian dollar finished lower the last week, breaking sharply on rising expectations for a U.S. interest rate hike at the Fed’s next meeting on March 15. Strong U.S. economic reports and continued hawkish remarks from U. more »

Tagged in: remittances, currency conversion, exchange rates, australia, global payments, exports

Sydney, Melbourne property now affordable – if you are ultra-rich

By Tim Strube on

Sydney and Melbourne property is finally becoming more affordable, but only for the ultra rich. Despite both cities being in the middle of a housing affordability crisis, luxury house/apartment prices have plunged down the list of the world's most more »

Tagged in: australia, buying property, global payments, currency conversion, overseas finance, ripple

Top 5 FinTech and Banking Trends for 2017

By Tim Strube on

* FinTech competition will drive banking transformation. * Continued shift from in-branch to digital channels. * Customer service will be the most important differentiator for banks. Banks should especially be worried about the fact that 33% of millennials don’t believe they’ll more »

Tagged in: australia, innovation, digital currency, banking, currency conversion, international money transfers

The world's best Fintech conferences and expos to attend in 2017

By Tim Strube on

The massive growth of the financial technology industry rolled along in 2016 due to a host of new financial industry trends and numerous fintech investments. With all that growth, it's crucial for anyone in the financial industry to stay educated more »

Tagged in: digital currency, ripple, technology, innovation, blockchain, australia

Austrade’s Landing Pads make NSW startups go global

By Tim Strube on

The NSW Government, in collaboration with the Australian Trade and Investment Commission (Austrade), sponsored eight NSW based fintech and cyber start-ups to visit the Australian Landing Pad in Tel Aviv. Landing Pads are an Australian Government initiative intended to stimulate more »

Tagged in: currency conversion, ripple, innovation, technoloy, digital curency, australia

Media Release: Support for NSW startups to go international

By Nicolas Steiger on

Anthony Roberts Minister for Industry, Resources and Energy NSW Government In an Australian first, the NSW Government is collaborating with the Australian Trade and Investment Commission (Austrade) to take eight NSW fintech and cyber security startups to the Tel Aviv more »

Tagged in: technology, innovation, australia, international education