The demand is there from customers wanting help with managing finances, and the technology is available; it is now up to the banking industry to respond and bring our bank accounts truly into the digital age.
Outsourcing a CFO and Finance function allows business owners to focus their energies on the day-to-day running of their business, while employing someone who is more across the specifics the modern role requires.
Debit card provider eftpos unveiled its plans for a national QR code payments network in Australia which is set to commence trial mid-year.
Demand, competition and technology are driving seismic changes in the financial landscape, with power heading from the banks to the people…
More than one in five (22 per cent) of Australians businesses would use their credit card if they needed additional finance. A further 31 per cent would dip into their savings, while 21 per cent would look at a bank loan and 14 per cent access an overdraft. This snapshot into borrowing habits has been… Continue reading Show me the money: Sensis survey reveals the most popular finance sources for business
Data gathered by Buy Shares indicates that fintech leaders managed to raise a total of $3.81 billion in the second quarter of this year. The significant amount comes after the economic downturn in the first quarter. Fintech funding impacted by coronavirus pandemic in Q1 Online payment processing platform Stripe raised $850 million followed by Robinhood… Continue reading Fintech leaders raise almost $4 billion in Q2 amid pandemic
Between the bushfires and the pandemic, many Australian companies have experienced a significant drop in revenue and have had to make employees redundant. Although JobKeeper has enabled them to keep some of their people employed, the program is scheduled to end in September. Even if it continues at a reduced level of funding, CEOs who… Continue reading Finding money to rebound from the pandemic
The end of financial year (EOFY) is a time that many small and medium businesses (SMBs) dread. In addition to the complexities of JobKeeper, knowing every financial obligation and entitlement can become overwhelming, particularly if businesses are not overly confident in their books. Lost receipts, expense mistakes and inadequate record-keeping result in a stressful, potentially… Continue reading Key factors in achieving a compliant, efficient month-end and EOFY
Fintech Unicorn Airwallex seems to continue to go from strength to strength; the startup managed to complete its largest funding round (US$160M) mid-pandemic and has recently introduced WeChat Pay as part of its payment options, opening up the Asian marketplace to Australian business. The Melbourne-founded global leader was also recently recognised – in November last… Continue reading Fintech unicorn Airwallex continues to disrupt, leaders share insight
With only three months remaining for this financial year, small businesses might be wondering how the recent stimulus changes may affect their end of year tax. The government has introduced a range of measures to support businesses and employees through the crisis in response to coronavirus, to help small businesses that may have had to… Continue reading Coronavirus and End of Financial Year tax returns: What is affected?