Each Friday, the Airwallex blog will be scanning the week’s goings-on and condensing it into an easy, breezy blog post containing the world’s top five fintech scoops, so that you can keep up-to-date with what’s keeping fintechers agog without compromising on your busy schedule. How nice of us.
It’s 10/10 for Tencent Investments
It’s no secret that Asia are trumping the rest of the world in fintech investments, and this week Tencent have been crowned leaders of the pack. The company have backed a whopping 15 of Asia’s 62 unicorns, and a number of India’s notable rising stars (not to mention one of Melbourne’s). Not bad going.
I Osko, You Osko, We Osko…
The NPP has just announced the onboarding of its first ‘overlay’ service, Osko. Owned by BPay, Osko will provide person-to-person payment services which will enable 30-second transactions. BPay’s CEO, John Banfield is so excited about the new service that he’s anticipating its use as a verb by future consumers. He could be osking too much...
Toyota starts work on distributed ledge-cars
Toyota’s Research Institute announced their first steps towards exploring how blockchain can be used in the car industry, expressing high hopes in its potential to permit safer and better-controlled data for the self-driving cars of the future. Many are speculating Toyota’s move to be a response to Ford’s drastic regime changes – talk about a blockchain reaction.
Could Estonia be handing Britain the key to Europe?
Worry over UK business prospects has been brewing ever since Brexit was declared back in June 2016, but Estonia’s new digital developments might now have the answer. Their e-residency program which launched in 2014 now permits e-residents to register ‘borderless digital banking’, enabling anyone to set up a bank account there without entering the country. Let the era of borderless business commence.
Headline of the week
Investment firms are feeling sore after a wave of junior analysts are swapping bonuses for basement offices and moving away from companies such as the Bank of America and Merrill Lynch to less-flashy disruptor companies.
We loved this headline from efinancial careers:
It’s not quite the Oscars selfie, but…
Airwallex’s Joe McGuire and other familiar faces in Melbourne's fintech caught a moment with the former head of ANZ boss Mike Smith at the Next Money Melbourne meetup earlier this week. Say cheese!