Tim Strube - Flash Payments (Page 4)

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Tim Strube

Austrade’s Landing Pads make NSW startups go global

Austrade’s Landing Pads make NSW startups go global

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 Australian innovation and entrepreneurship. The Landing Pads are in five

McKinsey: Corporates Need Faster Cross-Border Payments

Currency Conversion

McKinsey: Corporates Need Faster Cross-Border Payments

Corporate clients are becoming aware of recent innovations in payment platforms and seeking upgrades to their cross-border payments. Their low-cost, real-time domestic payments are contrasted with their experience of costly, days-long cross-border transactions. Bottom line: corporates expect better cross-border payments services, and according to McKinsey, 70 percent are willing to

The Future of Cross-Border Payments Now Live: Flash Payments

The Future of Cross-Border Payments Now Live: Flash Payments

Flash Payments has launched its highly anticipated lean high-performance foreign exchange transfer payment service that safely, efficiently and reliably provides users with a better customer experience compared to the opaque, siloed and inefficient banking networks. Built on a common global infrastructure and bringing new efficiencies to financial remittances, by enabling

Ripple vs the 600 year old correspondent banking system

Ripple vs the 600 year old correspondent banking system

Currently, cross-border payments go through the 600-year-old correspondent banking system, facilitated by SWIFT messages. This requires getting 6 players linked up – payer, payer’s bank, payer’s bank’s correspondent, beneficiary bank’s correspondent, beneficiary bank, oh - and beneficiary, of course. Cross-border payments are currently slow, expensive and opaque.

Flash Payments Goes Live

Flash Payments Goes Live

Flash Payments has launched its highly anticipated lean high-performance foreign exchange transfer payment service that safely, efficiently and reliably provides users with a better customer experience compared to the opaque, siloed and inefficient banking networks. Built on a common global infrastructure and bringing new efficiencies to financial remittances, by enabling

US Regulator Will Start Issuing Bank Charters for Fintech Firms

US Regulator Will Start Issuing Bank Charters for Fintech Firms

Office of the Comptroller of the Currency will allow upstarts to become ‘special purpose national banks’ Firms offering online loans, smartphone payments and other financial technology products would get new flexibility to expand and further shake up the U.S. banking industry under a proposed new federal policy. A top

Blockchain technology: Is the banking sector ready for FinTech?

Blockchain technology: Is the banking sector ready for FinTech?

This first in a series of articles debating how fintech is shaping the financial services industry, covers the path to production for blockchains in UK banks, setting out where we are currently at, before exploring some of the high-level challenges faced by the banks. To understand the intricacies at play

What Treasurers Should Know: Fintech Disruption

What Treasurers Should Know: Fintech Disruption

The shape of treasury management is changing with the rise of disruptive technologies, like blockchain, real-time payments and Big Data. To inform corporate treasurers of the changing landscape, the banks, SAP and the European Association of Corporate Treasurers (EACT) have published the first “Journeys to Treasury” report, which they intend

Migrants sent over $500 billion home last year.

Migrants sent over $500 billion home last year.

There are now 244 million people living in a country other than the one they were born in, according to migration figures from the United Nations. Many of those people went overseas to find work, leaving their families behind. For a growing number of families, the money their relatives send

KPMG: Future Bright for Next-Generation Payment Solutions

KPMG: Future Bright for Next-Generation Payment Solutions

Professional services giant KPMG and venture capitalist database CB Insights published “The Pulse of Fintech,” a report looking back over the biggest moments in Q3 of 2016. The focus is on trends and highlights in fintech funding during this action-packed period. The report also makes the point out that Ripple

How traditional banks should invest in and benefit from fintech startups

How traditional banks should invest in and benefit from fintech startups

The proliferating array of fintech startups is putting pressure on financial services incumbents because these disruptors are providing innovative, consumer-oriented solutions. Their solutions “unbundle” the traditional architecture of financial products and services offered by existing institutions, and instead target specific services (e.g., payments, wealth management, personal loans) to the

Why would you invest in fintech?

Why would you invest in fintech?

Grant Halverson, chief executive of McLean Roche Consulting and a former financial services multinational CEO and financial technology CEO writes in ANZ's Blue Notes Blog It’s now nine years since ‘fintech’, the buzz term for financial technology start-ups, entered the lexicon and threatened to upend banking as

Fintech attractive to the financial sector

Fintech attractive to the financial sector

Brexit may have dampened appetite for full-scale M&As but fintech's ability to cut costs is a boon in the face of Brexit uncertainty. The appetite for fintech investment by financial services companies looks set to continue over the next three years despite concerns about Brexit, according

Banks behaving badly are losing trust

Banks behaving badly are losing trust

Banks behaving badly are back in the headlines. Yesterday, the ACCC filed action against Macquarie and ANZ for attempted cartel behaviour on the foreign exchange market in Singapore. Australia's number one investment bank Macquarie Group and top corporate lender Australia and New Zealand Banking Group (ANZ) said they

10 Travel Tips for Students Who Have Never Studied Abroad

10 Travel Tips for Students Who Have Never Studied Abroad

Deciding to partake in this journey is half the battle, one you have already won. In case you are starting to feel pre-departure jitters, here are some tips to help calm your nerves and have a grasp on your adventure ahead. a. Research where you’re going b. Talk to

What the average bank does not want you to know about foreign exchange

What the average bank does not want you to know about foreign exchange

Welcome to Big Bank FX money transfers. Learn about the ugly truth when sending money overseas... and what you can do about it. Now there is a much better way to send exchange and send international transfers. In the meantime, when it comes to transferring funds internationally, Flash Payments is

Cashing out: Sweden could be the first country to issue 'digital currency'

Digital Currency

Cashing out: Sweden could be the first country to issue 'digital currency'

Swedish central bank Riksbank is exploring the idea of a 'digital currency'. The system could save tourists a trip to the currency exchange desk. Sweden is seeing a huge decline in the use of traditional notes and coins. Read the full story in The Daily Mail. Changing money

Fintech impacts global payments

Fintech impacts global payments

Dan Barnes writes in Raconteur that competition to provide cross-border payments is heating up, presenting businesses with a confusing range of options. Danny Aranda, managing director of Ripple Europe said “If you look at many innovations over the past 20 years in financial services, it’s largely been at the

Dollar Pushes to New Highs—With New Risks

Dollar Pushes to New Highs—With New Risks

The Wall Street Journal reports that the dollar extended its powerful rally, spurring central banks in developing countries to take steps to stabilize their own currencies and threatening to create headwinds for the long-running U.S. expansion. AUD/USD has been in a downward spiral since the Trump victory, and

Guy Debelle's mission to clean up world's biggest market

Guy Debelle's mission to clean up world's biggest market

Everyone in the foreign exchange markets knew the code. "A large Asian central bank is buying," meant intervention by the People's Bank of China. "A big Australian mining company wants $500," was an order by BHP Billiton for US dollars, in the millions. Such

Three banks settle Canadian foreign exchange class-action

Three banks settle Canadian foreign exchange class-action

UBS, BNP-Paribas and Bank of America will pay $16 million and provide information to Canadian investors who lost money in the benchmark rigging scandal. The lawsuit against the remaining banks, which is the first “benchmark rigging” case in Canada, seeks $1 billion in compensation. In a case that could affect

International Money Transfers

Take control of your foreign exchange transfers - Video

It's time to take control of your foreign exchange transfers Until now, sending money overseas has been confusing. Let's break it down... Now, an Australian company is changing things. Flash Payments makes foreign exchange easy, fast and controlled. Flash Payments, a cutting edge fin-tech startup based

Australian dollar down on fear of Trump trade war

Australian dollar down on fear of Trump trade war

The Australian dollar has been bashed amid market concerns about the potential impact of US President-elect Donald Trump’s policies on the Australian economy. At 7am on Monday, the local unit was trading at 75.30 US cents, down sharply from 76.26 cents on Friday. National Australian Bank global

Excessive fees cost foreign exchange users over $1.5 trillion annually

Currency Conversion

Excessive fees cost foreign exchange users over $1.5 trillion annually

These days more technology is at your disposal than ever before. Indeed, if needed, most banking can be done from mobile devices, including global wire transfers. However, peel back the curtain on the actual practices used to execute the transactions, and things have not changed much for the banks and

Cash Hangs On, survey suggests

Cash Hangs On, survey suggests

Despite what Silicon Valley may have you think, cash still registers. There are signs, however, that cash is losing ground to other payment types. In last year’s study, people used cash 32 per cent of the time. That’s a decline from the last Fed study in 2012, when