Flash Forward

Thoughts about the future of finance and foreign currency transfer.

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: currency conversion, AUD, digital currency, ripple, technology, international money transfers

Ripple Selected to Participate in the Bank of England FinTech Accelerator’s Exploration

By Michael on

The Bank of England’s FinTech Accelerator announced that it is conducting a PoC with Ripple to demonstrate cross-border payments and settlement using two different Real Time Gross Settlement (RTGS) systems. The goal of this PoC is to showcase the more »

Tagged in: global payments, currency conversion, international money transfers, digital currency, ripple, technology

Discussing Trends in Global Payments at the GCC Financial Forum

By Tim Strube on

Hundreds of international financiers, business leaders and policymakers from around the world gathered in Bahrain to discuss the future of financing at last week’s sixth annual GCC Financial Forum, writes Amy Hirth for Ripple Insights. Watch the video here. more »

Tagged in: global payments, banking, finance, currency conversion, ripple

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

The real cost of money conversion

By Tim Strube on

Do you know what the actual foreign exchange money conversion rate is? You probably know what conversion rate your bank is charging you, but did you know there is another "higher" rate known as the market rate? In more »

Tagged in: currency conversion, exchange rates, banking, sending money overseas, tips, ripple

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

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

Australia weathers fintech slump

By Tim Strube on

Several major global and local players will gather in Sydney today for the annual AltFi conference, where ANZ Bank chief Shayne Elliott is also speaking. Ian Pollari, KPMG’s global co-leader of Fintech and head of banking for Australia, said more »

Tagged in: remittances, ripple, international money transfers, banking, currency conversion, international B2B

How much did your country send and receive in remittances?

By Tim Strube on

In 2015 Australia saw an outflow of remittances of US$16 billion, while it received around US$2 billion. Globally remittances totalled $582 billion according to World Bank figures. The largest source of remittances is probably not unexpectedly the United more »

Tagged in: remittances, exchange rates, sending money overseas, global payments, currency conversion, ripple

Send money and track it like a parcel, what does that mean?

By Nicolas Steiger on

The world of foreign currency payments for retail clients has not seen much innovation & change in the past years. Most people who wish to send money overseas to their family, friends or for simple investment purpose are still at more »

Tagged in: currency conversion, sending money overseas, ripple, technology, international money transfers, digital currency

What is FinTech?

By Tim Strube on

According to Morningstar "FinTech companies are businesses that leverage new technology to create new and better financial services for both consumers and businesses. It includes companies of all kinds that may operate in personal financial management, insurance, payment, asset more »

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

17 things you (probably) didn't know about UK currency

By Tim Strube on

Moolah, cash, bunce, wonga and all the rest. Sadly, despite Des’ree’s protestations, money really does make the world go round; we all need it, and we’d all like rather more of it. Enjoy 16 facts about the more »

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

Commonwealth Bank to report record profits this week

By Tim Strube on

Commonwealth Bank of Australia, the nation’s largest lender, is expected to report an all-time high half yearly cash profit of $4.83 billion this week according to The Business Insider Australia. This makes them among the most profitable banks more »

Tagged in: banking, international money transfers, currency conversion, digital currency, ripple, sending money overseas

Lessons From Bank of Canada's First Blockchain Project

By Tim Strube on

Carolyn Wilkins, the senior deputy governor of the Bank of Canada, where she oversees the central bank's strategic planning and economic and financial research, looks back on key takeaways from nearly six months of distributed ledger learnings. She writes " more »

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

From Bronze Chunks to Imperial Currency: A Brief History of Roman Coins

By Tim Strube on

Before Rome minted coins, sheep and pieces of rough bronze were the dominant currencies, both being abundant local resources. Throughout the duration of Ancient Roman civilisation, currency was mostly based on coins of precious and semi-precious metals, namely gold, silver, more »

Tagged in: banking, digital curency, ripple, technology, innovation, international money transfers

The best way to send an international money transfer [per FlashFX]

By Tim Strube on

Have you ever wondered how to best send money internationally? Two principal options have been available for some time and a third has just arrived. Your bank. This is the most common and the most expensive way to send your more »

Tagged in: remittances, exchange rates, currency conversion, international money transfers, digital currency, ripple

Aussie banks the world’s most profitable – thanks to you

By Tim Strube on

Reserve Bank of Australia (RBA) confirmed in 2016 that the big four are the most profitable banks in the world. Analysis by the RBA shows that, in terms of return on equity (ROE), the big four banks averaged about 15 more »

Tagged in: remittances, global payments, banking, currency conversion, ripple

“It’s Time for Blockchain Use Cases to Be Proven and Come to Market”

By Tim Strube on

While 2016 was the year of firms and governments experimenting with blockchain technology, 2017 should be the year we see use cases being proven and actually coming to market, according to Abdul Naushad, chairman and founder of PayCommerce. "So more »

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

We already love mobile banking, so how can it get better?

By Tim Strube on

Australians love to moan about banks, but it turns out we're actually fairly content with the current approach to mobile banking. The chart below shows the percentage of customers who are either very satisfied or fairly satisfied with mobile banking more »

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

The world is edging closer to becoming cashless

By Tim Strube on

Vendor and customer payment services company Klarna CEO Sebastian Siemiatkowski writes in Wired that In 2010, 40 per cent of Swedish retail transactions were made using cash; by 2014 it was down to 20 percent and it's still falling. E-commerce, more »

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