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

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

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

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

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

"...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

Best countries in the world - ranked

By Sophie Green on

'Best Countries' is a rankings, news and analysis project created to capture how countries are perceived on a global scale. Created by U.S. News in partnership with Y&R's BAV and Wharton, the rankings evaluate 80 countries across more »

Tagged in: remittances, currency conversion, finances, global payments, overseas trips, technology

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

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

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

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