Flash Forward

Thoughts about the future of finance and foreign currency transfer.

FlashFX Welcomes Bankers’ Endorsement of Government-Backed Cryptocurrencies

By Nicolas Steiger on

A government-endorsed digital Australian dollar has the potential to lead to increased trust and certainty, particularly to grow the digital currency marketplace. more »

Tagged in: digital curency, innovation, ripple

Ten New Customers Join Ripple’s Global Payment Network

By Nicolas Steiger on

Ripple announced the addition of 10 new customers to their growing global network. Among them some of the world’s largest banks, innovative smaller banks, and payment service providers (PSPs). As the only blockchain provider that has real use cases more »

Tagged in: ripple, currency conversion, digital currency, global payments, innovation, banking

Banks to ditch sales incentives to ‘restore trust’

By Tim Strube on

THE toxic sales culture in Australian banks that sees customers saddled with inappropriate financial products may finally be coming to an end. Maybe. All four big banks have committed to winding back the “deep-seated” culture of product-based incentive payments after more »

Tagged in: finance, currency conversion, innovation, banking, ripple, buying property

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

Fastest, most affordable currency transfers from Australia to Europe

By Tim Strube on

Australian startup FlashFX was designed from the ground up to outperform traditional financial institutions by providing fast, secure and very affordable foreign exchange conversion services as an alternative to the existing opaque, siloed and inefficient banking networks. And it does more »

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

Fintech all talk no action in bank competition race

By Nicolas Steiger on

Australia's banking sector is one of the most highly concentrated in the world and the much-hyped arrival of digital disruption has hardly shifted the dial. More competition is not the solution to the housing affordability crisis, but there is no more »

Tagged in: digital currency, innovation, technology, ripple, finance, international money transfers

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

When it comes to foreign exchange, don’t pick your own bank by default

By Sophie Green on

In this ever-changing world, Australian retail clients remain creatures of habit. While most of us know that banks like to charge a fee at every turn, we still don’t challenge them. This is extremely evident when sending money overseas, more »

Tagged in: digital currency, ripple, innovation, technology, blockchain, international money transfers

Ripple Continues to Bring Internet of Value to Life

By Michael on

When faced with the issues of today’s antiquated cross-border payment system, we often focus on the difficulties of scalability with banks struggling to handle the volume of transactions, causing it to take three to five days to complete. In more »

Tagged in: digital currency, ripple, innovation, technology, international money transfers, blockchain

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

New Payment Platform in Australia

By Nicolas Steiger on

Australia is due to release a near real-time domestic payments platform. The New Payments Platform (NPP) will allow for near real-time funds transfer between bank accounts, regardless of who a user banks with. It’s due to launch later in more »

Tagged in: digital currency, ripple, technology, innovation, blockchain, international money transfers

The future of banking: four scenarios

By Tim Strube on

The fact that the financial services industry, and especially banking, is going through the greatest disruption since the arrival of computers in the 60s is now universally accepted. The advent of digital technology and, more importantly, its adoption by customers more »

Tagged in: digital currency, ripple, innovation, technology, blockchain, international money transfers

5 Customer Engagement Best Practices

By Sophie Green on

We can find a hundred articles a day online today about “customer engagement” but to me, a good deal of it sounds like lip service – slick advice about how to appear deeply interested in and connected to your customer, and more »

Tagged in: finance, regulation, compliance, digital currency, innovation, trading

"...So easy to use compared to the banks"

By Michael on

"Used FlashFX transfer yesterday. Money is in the Irish bank account this morning. It's so quick compared to the banks. Saved $136 compared to my bank. Awesome stuff. Love the GUI too, so easy to use compared to the more »

Tagged in: remittances, currency conversion, digital currency, global payments, technology, innovation

Japan: 47 Banks Complete Ripple Pilot

By Michael on

SBI Ripple Asia announced today that a consortium of 47 banks successfully completed a pilot implementation of Ripple in Japan using a cloud-based payments platform. This platform, RC Cloud, is powered by Ripple’s solution and is the first in more »

Tagged in: ripple, currency conversion, banking, global payments, innovation, asia

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

Ripple Supports Efforts to Drive Thoughtful Regulation

By Michael on

Innovation in banking often results from the convergence of three key domains: financial services, technology, and regulations. The regulatory framework is a crucial aspect of innovation. When crafted in a balanced, proactive way, regulations can directly drive positive innovation and more »

Tagged in: ripple, innovation, regulation, digital currency, technology, compliance

Building a Better Banking Customer Experience

By Tim Strube on

Analysts at leading firms agree that customer experience is the new battleground to differentiate and compete. After all, a “delightful” and frictionless customer experience yields increased customer satisfaction, loyalty, advocacy and customer lifetime value. One of the biggest CX trends more »

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

Next Generation of Banknotes: $10 Design Reveal

By Tim Strube on

The Reserve Bank has revealed the design of the new $10 banknote that will be issued into circulation from September 2017. The images show the basic design artwork on each side of the banknote. The Governor, Philip Lowe, said:‘The more »

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