|
Tyro Payments
Tyro Payments Limited (Tyro) is an Australian fintech, financial institution (neobank) specialising in merchant Credit card, credit, Debit card, debit and EFTPOS Acquiring bank, acquiring. History Tyro was founded in 2003 by Peter Haig, Andrew Rothwell and Paul Wood as MoneySwitch Ltd. Tyro was the first new entrant into the Australian EFTPOS business since 1996. It was the second company in Australia to be granted a Specialist Credit Card Institution (SCCI) licence after GE Capital. In 2012, Tyro exceeded $3.5 billion of card transaction volume. On 1 March 2016, Tyro completed an equity capital raising of $100,127,532.00 at a price per share of $1.0361 led by Tiger Global, TDM Asset Management, and Atlassian co-founder Mike Cannon-Brookes. In Financial Year 2016, Tyro grew to $8.6 billion of transaction volume, a growth of 26% compared to the prior year. In the first half of Financial Year 2017, Tyro processed $5.3 billion in payments, a growth rate of 23%, and generated r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Neobank
A neobank (also known as an online bank, internet-only bank, virtual bank or digital bank) is a type of direct bank that operates exclusively online without traditional physical branch networks. The term "challenger bank" is used in the UK to refer to a number of fintech banking startups that emerged in the wake of the 2007–2009 financial crisis. Their services may be accessed by clients through their respective computers or mobile devices. The range of services provided by neobanks is not as broad as that of their traditional counterparts. Unlike incumbent banks, a large portion of the income of neobanks is mainly made up of transaction fees received when customers pay with their debit card. History The term ''neobank'' has been in use since at least 2016 to describe fintech-based financial providers that were challenging traditional banks. There were two main types of company that provided services digitally: companies that applied for their own banking license and compan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UBank
Ubank (stylised as ubank) is an Australian direct bank, that operates as a division of National Australia Bank (NAB). It was established in 2008, and provides savings products and home loans over the Internet and telephone. Ubank operates under NAB's banking licence and uses its balance sheet, risk management and technology infrastructure. Ubank also participates in the Australian government's deposit guarantee scheme. History Ubank was launched by Gerd Schenkel and Greg Sutherland for National Australia Bank on 1 October 2008, with the purpose of establishing a presence in the "self directed" customer segment. NAB stated it aimed to attract new retail customers while operating independently to its other retail brands, and in its 2009 annual report, NAB claimed that this strategy had been "successful". Ubank operates under NAB's banking licence and participates in the Australian government's deposit guarantee scheme. Ubank was underpinned with the "Nextgen" technology prov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gerd Schenkel
Gerd Schenkel is an Australian-German businessperson. He is the former Chair of Credit Clear (ASX.CCR), Non-executive Director of Helia (ASX.HLI), and Partner at Kearney, a global consultancy. Education Schenkel has a master's degree in Engineering and an MBA from the Columbia Business School in New York. He is the co-author of several scientific articles in the field of robotics. Career In 2008, Schenkel launched UBank, the direct bank of National Australia Bank which has grown its balance sheet to approximately $20b. Before launching UBank, Schenkel was general manager of NAB's CRM system. Prior to that, Schenkel worked for The Boston Consulting Group. Until June 2017, he was the CEO of Tyro Payments, an Australian EFTPOS services company, aiming to "disrupt" the incumbent banks. In December 2019, Tyro Payments listed on the Australian Stock Exchange. As of 15 July 2020, the company's market capitalisation was approximately A$1.85b On 13 June 2017 Tyro announced ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority (APRA) is a statutory authority of the Australian Government and the prudential regulator of the Australian financial services industry. APRA was established on 1 July 1998 in response to the recommendations of the Wallis Inquiry. APRA's authority and scope is determined pursuant to the . Regulatory scope APRA was established on 1 July 1998. It oversees banks, credit unions, building societies, friendly societies, general insurance, health insurance, reinsurance, and life insurance companies, and most members of the superannuation industry. It ensures that these institutions keep their financial promises; that is, that they will remain financially sound and able to meet their obligations to depositors, fund members and policy holders. APRA currently supervises institutions holding A$8.6 trillion in assets for Australian depositors, policyholders and superannuation fund members. APRA is largely funded by levies on the financial inst ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Afterpay
Afterpay Limited (abbreviated as Afterpay) is an Australian financial technology company best known for its buy now, pay later (BNPL) service. It operates in Australia, the United Kingdom, Canada, the United States, and New Zealand. Afterpay was founded in 2014 by Nick Molnar and Anthony Eisen. In June 2017, Afterpay merged with one of its technology suppliers, Touchcorp, to form the Afterpay Touch Group. In November 2019, the company was renamed Afterpay Limited. In August 2021, Afterpay and American payments company Square, Inc. (later renamed Block, Inc. in December 2021) announced they had entered into arrangements for Square to acquire Afterpay for 29 billion (39 billion), which was later completed on January 31, 2022. History Afterpay was founded by Molnar and his then-neighbor, Eisen, in October 2014. On 4 May 2016, the company listed on the Australian Securities Exchange with an 25 million IPO. In January 2018, American venture capital fund Matrix Part ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Siri
Siri ( ) is a virtual assistant that is part of Apple Inc.'s iOS, iPadOS, watchOS, macOS, tvOS, and audioOS operating systems. It uses voice queries, gesture based control, focus-tracking and a natural-language user interface to answer questions, make recommendations, and perform actions by delegating requests to a set of Internet services. With continued use, it adapts to users' individual language usages, searches and preferences, returning individualized results. Siri is a spin-off from a project developed by the SRI International Artificial Intelligence Center. Its speech recognition engine was provided by Nuance Communications, and it uses advanced machine learning technologies to function. Its original American, British and Australian voice actors recorded their respective voices around 2005, unaware of the recordings' eventual usage. Siri was released as an app for iOS in February 2010. Two months later, Apple acquired it and integrated into iPhone 4S at its release on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mike Cannon-Brookes
Michael Cannon-Brookes (born 17 November 1979) is an Australian billionaire, co-founder, and co-CEO of the software company Atlassian. Cannon-Brookes often carries the epithet of ''accidental billionaire'' after he and his business partner Scott Farquhar founded Atlassian with the aim of earning the then-typical graduate starting salary of 48,000 at the big corporations without having to work for someone else. Early life Cannon-Brookes was born in November 1979, the son of a global banking executive, also named Mike, and his wife, Helen. He attended Cranbrook School, Sydney, and graduated from the University of New South Wales with a degree in information systems on a UNSW Co-op Scholarship. Career With Scott Farquhar, Cannon-Brookes is the co-founder and co-CEO of Atlassian, a collaboration software company. The pair started the company in 2002, shortly after graduating from university, funding it with credit cards. He is also an adjunct professor at the University of New S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atlassian
Atlassian Corporation () is an Australian software company that develops products for software developers, project managers and other software development teams. The company is domiciled in Delaware, with global headquarters in Sydney, Australia, and US headquarters in San Francisco. In the fourth fiscal quarter of 2022, Atlassian reported serving 242,623 customers in over 190 countries, with 10 million monthly active users. As of June 2022, the company had 8,813 employees internationally. Atlassian has a global team across 13 different countries; office locations include Amsterdam, Austin, Boston, New York, San Francisco, Mountain View, Manila, Yokohama, Bangalore, and Sydney. History Mike Cannon-Brookes and Scott Farquhar founded Atlassian in 2002. The pair met while studying at the University of New South Wales in Sydney. They bootstrapped the company for several years, financing the startup with a $10,000 credit card debt. The name is an ''ad hoc'' derivation from the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TDM Asset Management
TDM may refer to: * '' TDM'', a 2023 Indian Marathi comedy film * TDM (Macau) (), a Macanese radio and television network * The Yamaha TDM, a motorcycle model * Target Disk Mode, a boot mode on certain Macintosh computers * Team deathmatch, a mode of gameplay in video games * Technical death metal, a subgenre of heavy metal music * , a Mozambican telecommunications and Internet service provider * Teresian Daughters of Mary, a Filipino Roman Catholic institute * Text data mining, a process of deriving high-quality information from text * '' The Difference Machine'', an album by English rock band Big Big Train * Therapeutic drug monitoring, a branch of clinical chemistry * Time-division multiplexing, a method of transmitting and receiving independent signals over a common signal path * Toad Data Modeler Toad Data Modeler is a database design tool allowing users to visually create, maintain, and document new or existing database systems, and to deploy changes to data structures ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tiger Global
Tiger Global Management, LLC (often referred to as Tiger Global and formerly known as Tiger Technology) is an American investment firm. It mainly focuses on Internet, software, consumer, and financial technology industries. Background and history Chase Coleman III was a protégé of Julian Robertson and from 1997 to 2000 worked as a technology analyst for the firm, Tiger Management. In 2000, Robertson closed Tiger Management, and entrusted Coleman with over $25 million to manage, making him one of the 30 or more so-called " Tiger Cubs", fund managers who started their fund management careers with Tiger Management. In 2001, Coleman established Tiger Technology (which would be later renamed to Tiger Global Management, LLC), as a hedge fund to invest in the public equity market. In 2003, Scott Shleifer helped Tiger Global expand into investing in the private equity market. From the period of 2007 to 2017, according to the Preqin Venture Report, Tiger Global raised the highest amo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GE Capital
GE Capital is the financial services division of General Electric. The company currently only runs one division, GE Energy Financial Services. It had provided additional services in the past; however, those units were sold between 2013 and 2018. Overview On July 8, 2013, the Financial Stability Oversight Council designated GE Capital as a " systemically important financial institution", which makes it subject to oversight by the Federal Reserve. In 2014, GE Capital had 35,000+ employees worldwide, operating in more than 40 countries, with total assets of US$499 billion. It was rated AA+ with stable outlook by S&P in 2012. GE Capital's subsidiaries also operated under the GE Money brand. Restructuring plan On April 10, 2015, Jeffrey R. Immelt, the CEO of General Electric, announced that GE would sell most of GE Capital over the next two years. The following areas were sold: *GE Capital Sponsor Finance was sold to Canada Pension Plan Investment Board and Sumitomo Mitsui Bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
