Flash Payments (Page 6)

"...So easy to use compared to the banks"

Currency Conversion

"...So easy to use compared to the banks"

"Used Flash Payments 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 banks." John C Sydney If you

The Australian dollar rallied back to the highs after FOMC

The Australian dollar rallied back to the highs after FOMC

The Australian dollar surged back above the 0.7700 level on Thursday morning, propelled higher by renewed US dollar weakness after yesterday’s US Federal Reserve lifting interest rate by 25 basis points. The gain in the AUD/USD was the largest in percentage terms since 2nd June 2015. With

ANZ, Westpac admit breaches in forex trading

ANZ, Westpac admit breaches in forex trading

ANZ and Westpac have followed rivals and yielded to the corporate regulator’s investigation into banks’ foreign exchange businesses, agreeing to oversight and changes after traders shared confidential client information and traded to benefit themselves. Similarly to the CBA and NAB transgressions, ASIC said Westpac traders disclosed confidential details of

Everything you need to know about foreign currency transfers

International Money Transfers

Everything you need to know about foreign currency transfers

You set up a foreign currency transfer. The money leaves your account. It disappears for days. And then it turns up (significantly reduced) in the recipient's account. That's just how it works! And the banks really don't need you to know anymore. But, have

Discussing Trends in Global Payments at the GCC Financial Forum

Discussing Trends in Global Payments at the GCC Financial Forum

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. Marcus Treacher, head of Ripple’s strategic accounts, spoke alongside

Best countries in the world - ranked

Best countries in the world - ranked

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 24 rankings drawn from a survey of more

Why now could be the right time to buy property in Spain

Why now could be the right time to buy property in Spain

UK-based relocation service MoveHub compared 2016 property price data from the Global Property Guide with average salaries according to the Hay’s Group Global Salary Forecast. In Spain, a 2.2 percent hike in salaries against a 5.75 drop in property prices put it in second place behind the

Japan: 47 Banks Complete Ripple Pilot

Japan: 47 Banks Complete Ripple Pilot

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 the world to enable real-time money transfers both domestically and

US rate hike at next meeting "would likely be appropriate" if data is good enough, Fed's Yellen

US rate hike at next meeting "would likely be appropriate" if data is good enough, Fed's Yellen

The Australian dollar finished lower the last week, breaking sharply on rising expectations for a U.S. interest rate hike at the Fed’s next meeting on March 15. Strong U.S. economic reports and continued hawkish remarks from U.S. Federal Reserve officials were the catalysts behind rising U.

The real cost of money conversion

The real cost of money conversion

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 fact, the market rate is the only real rate to

Sydney, Melbourne property now affordable – if you are ultra-rich

Currency Conversion

Sydney, Melbourne property now affordable – if you are ultra-rich

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 expensive luxury residential property markets. Shanghai saw the

Top 5 FinTech and Banking Trends for 2017

Top 5 FinTech and Banking Trends for 2017

* FinTech competition will drive banking transformation. * Continued shift from in-branch to digital channels. * Customer service will be the most important differentiator for banks. Banks should especially be worried about the fact that 33% of millennials don’t believe they’ll need a bank in the next 5 years, and almost

Ripple Supports Efforts to Drive Thoughtful Regulation

Ripple Supports Efforts to Drive Thoughtful Regulation

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 market competition. This is why Ripple has been an active

Australia weathers fintech slump

Australia weathers fintech slump

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 despite the global slump in investors, the Australian fintech sector

Pew Research Centre reveals what we think makes us Australian

Pew Research Centre reveals what we think makes us Australian

What does it take to be truly Australian? The latest Bureau of Statistics estimates show that 6.7 million Australian residents – just over 28 per cent of the population – were born overseas. Sharing the "customs and traditions" of Australia was considered very important to national identity by half

How much did your country send and receive in remittances?

How much did your country send and receive in remittances?

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 States which saw over US$133 billion leave the country.

US Treasury's Mnuchin tells IMF to monitor currencies

US Treasury's Mnuchin tells IMF to monitor currencies

US Treasury Secretary Steven Mnuchin called on the International Monetary Fund to provide "candid analysis" of exchange-rate policies in member countries. Mnuchin spoke by phone with IMF Managing Director Christine Lagarde in what was among the first contacts between the fund and the administration of President Donald Trump,

Increased AUD buying power on EUR transfers with Eurozone Greek debt worries re-appearing

Increased AUD buying power on EUR transfers with Eurozone Greek debt worries re-appearing

Since the start of the new year, the Australian Dollar increased by about 5.8% in value compared to the EURO, lingering in the mid 0.72s, as fears that Greece will be forced to crash out of the Eurozone persist. Greece’s government is currently at an impasse with

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

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

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 the mercy of overpriced, opaque and inefficient processes at the

Building a Better Banking Customer Experience

Building a Better Banking Customer Experience

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 in financial organisations around the world is digital transformation, which

Next Generation of Banknotes: $10 Design Reveal

Next Generation of Banknotes: $10 Design Reveal

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 $10 banknote celebrates two famous Australian writers, Dame Mary Gilmore

What is FinTech?

What is FinTech?

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 management, etc..." These start-up companies compete directly with traditional

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

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

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 British currency and one somewhat dubious one on Shortlist.com.

The Australian dollar - where to next?

The Australian dollar - where to next?

The Australian dollar has seen an impressively strong period for the past 2 months, trading from 0.7164 in late December to the current 0.7664 USD per AUD. According to analysts at HSBC, US President Trump has been a key factor behind recent US dollar weakness. They warn that

Commonwealth Bank to report record profits this week

Commonwealth Bank to report record profits this week

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 in the world, by some measures. It makes you wonder,