London-based neobank Revolut has launched in Australia today after the ASIC allowed the bank to use its European electronic money licence to support itself in Australia. The neobank is valued at US$1.7 billion and is one of the fastest growing companies in Europe boasting more than 4 million customers worldwide.
In 2007 Therese Tucker, founder and CEO of BlackLine, had a choice to make: move all the accounting and finance software BlackLine provides customers to the cloud, or keep some of it on-premise. There were some major upsides to becoming a pureplay SaaS provider before it was fashionable, there was
In this guest post from Melody Townsend, General Manager – Product & Network Marketing at ME Bank, explores the practical steps marketers can take to build trust with customers. The concept of ‘trust’ has always been around, but in more recent times, there’s been a growing emphasis on how trustworthy
Overnight, ridesharing giant Uber made its S1 filing as part of its initial public offering, revealing the company made US$10 billion worth of operating losses since 2016. It also warned more operating losses are expected and it “may not achieve profitability”. The filing suggests Uber is pitching itself to investors
Last year venture capital investments in Australia hit a record high, skyrocketing 36 per cent to US$899.05 million. Globally VC investments set a new record, jumping from US$175 billion in 2017 to US$255 billion. The figures come from the quarterly report, Venture Pulse Q4 2018 published by KPMG. In the last quarter,
Australia’s US$1.15 billion alt-fi market including peer-to-peer lending and crowdfunding grew 88 per cent in 2017, surpassing US$1 billion for the first time and consolidating its position to become the second largest market in Asia-Pacific, according to a comprehensive research of the online alternative finance market. The study, titled “Cultivating Growth:
Catch Group is expanding its online offering launching an online personal loan product with Now Finance named Catch Personal Loans. The online retailer claims it is “taking aim at the big banks” through the introduction of this new financial product helping customers get the “best possible finance deal to fund
SAP will buy survey software company Qualtrics for US$8 billion in cash with both companies hoping to provide value to businesses by combining experience data and operational data. The cloud giant has secured financing in the amount of €7 billion to cover purchase price and acquisition-related costs. According to Axios,
Although the majority of banks recognise the advantages of building new information technology (IT) systems on cloud platforms, many have been slow to transition to the cloud, and only one in four has a solid strategy for cloud adoption, according to a new report from Accenture. The report — titled
Australian shoppers prefer to use non-bank cardless payments like Apple Pay and Google Wallet over the banks own offerings, according to a report from Roy Morgan. The research firm believes incumbents will need to collaborate more with fintechs and third parties to “keep up” in the evolving digital payments market.