Westpac Banking Corporation’s venture capital fund Reinventure Group has invested into Flare HR, a startup that is looking to disrupt the industry super funds’ stranglehold over the market for default super funds. Flare HR provides free HR software to small-to-medium-sized enterprises. The free software is a fully digital on-boarding process for employees and includes employment contracts that are signed electronically by cloud, performance reviews, …
Blockchain technology is going to change the face of finance forever
We’re starting to see some momentum in blockchain, with blockchain being touted as the glue that is going to drive a productivity revolution across the globe on par with what Henry Ford did with the automobile. Big banks around the world are moving at pace to build blockchains. A group of 40 global banks have used different distributed ledger technology to …
The Fintech’s are coming… And how it will impact you…
In our blog 17 March we mentioned the PWC report “How Fintech is shaping financial services”. We’re now seeing more press on how the Australian government is committed to support the industry that is “transforming our financial systems and our economy”. Fintech is one of the fastest growing sectors in the financial services industry globally and Australia. Fintech is happening fast …
Digital Australia: Impacts on Accountants
The EY Digital Australia: State of the Nation report provides a view of digital engagement amongst Australians. The report noticed a step change in 2015 in smartphone usage. Smartphone usage pushed through the 80% mark in this survey with 96% of 18-34 year olds using a smartphone. Consumers reveal many Australian companies fail to get the basics right, and the …
Fintech: (Re)Shaping Financial Services
PWC have just released their Global FinTech report dated March 2016 titled “Blurred Lines: How FintTech is shaping Financial Services” In the report they note that more than 20% of Financial Services business is at risk to FinTechs by 2020, and 57% are unsure about or unlikely to respond to blockchain technology. Interestingly another word accountants are familiar with is …
February 2016 Newsletter – The firm of the future… are we there yet?
The firm of the future… are we there yet? It’s been over a decade since CPA Australia released its Firm of the Future report. Interestingly, there was a section headed “Outsourcing? Get used to it” but no reference in the document to “Cloud”. How times have changed! You can click here to read the PDF report directly. Late last year the Institute of Chartered …
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