Novatti

Novatti's strategic moves pave the way for positive cash flow amidst $4m in cost reductions - The Sentiment Just six months after undertaking a leadership transition to install a leading digital payment executive Mark Healy at the helm of Novatti Group (ASX: NOV), the Melbourne-based fintech has a clear line of sight to positive cash flow having undertaken an internal restructure. Novatti has strategicall...

Novatti consolidates it’s digital finance portfolio as AUDD closes pre-seed funding round at $600k - The Sentiment Rising interest in blockchain-based digital finance has seen AUDD close its pre-seed funding round at $600k as investors sought to increase their early stage-investment in the business. In the two years since its inception, the AUDD multichain stablecoin has rapidly gained traction in the market, ex...

Novatti’s AUDD stablecoin passes $4 million minted milestone, attracts new fintech investors - The Sentiment As blockchain technology continues to disrupt traditional financial institutions, digital payments company Novatti Group (ASX: NOV) has secured a range of new investors keen for a slice of their AUDD stablecoin business which has minted more than $4 million since launching. AUDD is a 1:1 fiat-backed...

Reserve Bank of Australia's Governor Michelle Bullock recently gave a speech at AusPayNet Summit, focusing on modernising Australia's payment system. Here are the key takeaways:

🔹 Changing Payments Landscape: Governor Bullock discussed the shift from legacy systems to innovative platforms, highlighting the need for modernised regulatory frameworks. This echoes Novatti's focus on integrating advanced technologies to provide better payment solutions.

🔹 Strategic Focus of the Payments System Board: The Board's emphasis on enhancing payment system resilience and promoting accessible electronic payments mirrors Novatti's commitment to cross-border payments and digital economic growth developments.

🔹 Transitioning from Traditional Systems: Maintaining cash access and smoothly transitioning from systems like BECS is recognised. At Novatti, we're actively supporting our clients through these transitions.

🔹 Future of Digital Currencies: Exploring digital currencies and tokenised assets presents new opportunities. Novatti is keenly invested in offering diverse payment solutions.

💡 Novatti's Role: As the payments industry evolves, so does Novatti. We are committed to adapting and spearheading these changes, ensuring our customers and partners are well-prepared for the future.
Join us in navigating the exciting developments in the payments industry.

Link for the full speech in the comments. 🔗⬇️

We proudly announce that Effie Dimitropoulos, CEO - AUDD, Novatti Group, will speak at AusPayNet Summit 2023 tomorrow. It's a key event for fintech leaders!
📅 Highlight: Effie joins the 'Big Debate' on "Should Australia be cashless?" at 3:00 PM. Her expertise is invaluable in this crucial discussion, moderated by RBA's Ellis Connolly.
👏 Support Effie as we delve into the future of digital payments!

Our latest blog is now live!🌟
We're diving deep into the latest payment trends, reshaping the small business landscape. Whether you're a startup enthusiast, a seasoned entrepreneur, or simply keen on the ever-evolving world of digital payments, this piece has something for everyone.
Our blog uncovers key insights that could redefine how you do business, from innovative technologies to consumer behaviour shifts. 💡
The link to the blog is in the comments below. Don't forget to check it out and let us know your thoughts! 📝

Novatti Celebrates Jonathan Di Maggio's Dedication to a Great Cause! 🚴‍♂️
We're proud to spotlight our Senior Client Relationship Manager, Jonathan Di Maggio, for his outstanding participation in the "Ride for Respect." This initiative, which aims to combat family violence, especially against women, recently saw Jonathan complete a commendable 80 km ride in Healesville. 💪
We encourage everyone to support this important cause and join us in congratulating Jonathan on his achievement. 👏👏👏

Check the comments for the link to contribute to his cause and learn more!

Last week, Effie Dimitropoulos, CEO - AUDD, Novatti Group, moderated a panel at the Women in Payments Symposium Australia 2023, focusing on the evolving B2B landscape in digital payments.
Key takeaways included:
💬 Partnerships in Fintech: Essential for adding value in the evolving B2B landscape.
💬 Blockchain Innovations: How Stablecoins are driving the future of digital payments.
💬 Empowering Women: The importance of supporting and learning from women across generations for a thriving, inclusive fintech sector.

Let's continue the conversation:
🌐 How do you see partnerships evolving in the fintech ecosystem?
💡 What innovations in blockchain and digital payments are you most excited about?
🤝 How can we better support women in fintech across different generations?

We are incredibly proud to share that Effie Dimitropoulos will be moderating an insightful panel at the Women in Payments Symposium Australia 2023! 🎤👏
📅 November 23, 1:45 – 2:30 p.m. | 📍 Grand Hyatt, Melbourne
🔍 Session: "Redefining B2B Landscape – Digital Payments Evolution"

Dive into the future of digital payments and stablecoins! This session includes Inga Bambalaitė-Saliba from ANZ Australia, Neena Black from American Express and Shen Yin from Monoova. It is perfect for those interested in innovative payment solutions and networking with leading women in FinTech. 💼🚀

Heading to the Global Sourcing Expo in Melbourne? Keep an eye out for Novatti's Senior Partnership Manager, Gary Arora! At Novatti, we empower businesses with efficient international payment solutions, simplifying global transactions. If you want to connect and learn how we enable easy cross-border payments, feel free to email [email protected]. We're here to help your business thrive globally! 💪🌏

What a time we're having at the SG FinTech Festival! 🌟 At the Australia pavilion (Hall 5, booth 5J17), Effie Dimitropoulos and Peter Agnew are at the centre of vibrant discussions, connecting with industry leaders and innovative thinkers. 🤝
It's a fantastic blend of people and ideas that drive forward the world of fintech. We're excited to be part of this dynamic environment, sharing our insights and exploring potential collaborations. Stay tuned for more updates from our team at ! 🚀

Heading to the Australian Crypto Convention?
🌟 Catch Michaela Juric's Insightful Session on Stablecoin Diversity!
🗓️ November 12, 2023 | 🕜 1:40 PM | 📍 Theatre 2 - Binance
Join the conversation with Michaela Juric, Novatti's Head of Blockchain and Digital Assets, as she explores the advantages of diversifying beyond USD-centric stablecoins, featuring the innovative AUDD. 🌐🪙
Don't miss the chance to connect with Effie Dimitopoulos, AUDD's Executive Director, who will also be in attendance. 🤝
Are you ready to challenge your views on digital currency and shape the future of finance?

CLIENT SPOTLIGHT: Qualitat European Motors NZ 🚗🇳🇿
Founded in 1972, Qualitat European Motors Ltd stands as New Zealand's premier independent service agent and parts importer for VW, Audi, and Skoda.
Facing a challenge when their previous overseas payment provider ceased its service, Alaster Glass and his team turned to Novatti. Alaster shared: "I started using Novatti only recently, after previously using American Express for our overseas transactions. Initially, we were concerned when we found out American Express would not be making overseas payments anymore, but since the first time using Novatti, all of those fears were alleviated. Novatti makes the whole process nice and easy, and we couldn't be happier with the service."

Reasons businesses like Qualitat choose Novatti:
💰 Competitive transaction rates.
🖥️ Intuitive, advanced platform.
🌍 Fast and secure global transactions.
✅ Total transparency with zero hidden fees.
🧠 Expertise in Payments and Compliance.

Discover what Novatti can bring to your business operations.
🔗 in the comments.

As the platinum sponsor for the UniLodge Managers Conference & Awards for Excellence at Brisbane City Hall, our very own Michael Francis was honoured to present the 'Manager of the Year' award last week 🏆.

Our collaboration with UniLodge goes beyond business—it's about shared values of trust and innovation. Kudos to UniLodge for their impeccable event management, from awards to catering 👏.

UniLodge, a leader in student accommodation across Australia and New Zealand, echoes our commitment to excellence.

Here's to more shared successes! 🥂

We are pleased to partner with Hnry - Australia, the leading digital accounting service for sole traders, to launch the world-first Hnry Visa Business Debit Card. Sole traders often miss out on over $5,500 in tax deductions annually. The Hnry Visa Business Debit Card addresses this issue by automatically logging every expense, whether online or in-store, wherever Visa is accepted.

Proudly backed by Novatti Group (ASX: NOV), this is the only business debit card for sole traders directly offered by an accounting service. Users can now easily top up, spend, and get notified to upload the receipt instantly, streamlining tax offset processes and eliminating the pileup of receipts.

Novatti's CEO, Mark Healy, notes, "We are excited to showcase our expertise in card issuing through the Hnry Visa Business Debit Card and support Hnry on its ambition to make earning an independent income simpler for all."

Here's to empowering sole traders! 🌟

Link for more info in the comments. 🔗

📣 Introducing the remarkable Australia Pavilion lineup!
Join us at the SG FinTech Festival to meet Australia's finest innovators in one place. From blockchain to digital banking, ESG to insurtech, regtech to wealthtech, this is your opportunity to explore the Australian fintech space.
Can't wait to see you at the Australia Pavilion (booth 5J17, Hall 5, Singapore Expo)! 🔗 Link to register in the comments.

Brought to you by Austrade, Australian Department of Home Affairs, Fintech Australia, Global Victoria, Investment NSW, and The Regtech Association.

Novatti (ASX: NOV) is pleased to release its September quarter report for investors, highlighted by revenue growth driven by a simplification of multiple business units. This streamlining has created integrated payment solutions that provide customers with a seamless experience when engaging a range of merchant solutions such as payment acquiring, card issuing, cross-border payments and payments technology.

Novatti's strategy also sees positive impacts elsewhere across the business, with quarterly revenue continuing positive growth, increasing to $10.8m.

CEO Mark Healy commented: "We continued to see broader growth in demand across the economy for the services that Novatti provides. While there is talk of uncertainty in the global economy across coming quarters, we believe this presents an opportunity for businesses to unlock efficiencies through digital payments, with Novatti being well placed to provide multiple services to these customers."

🔗 Click the link in the comments to view the full report.

🔊 Novatti Update 🚀
Peter Cook, our Executive Director, presented to the Institute of Public Accountants at last week's 2023 Cryptocurrency Conference.

Here's a snapshot of what was covered:
1️⃣ Fintech's Disruptive Power: The rise of mobile payment apps and peer-to-peer platforms is reshaping traditional finance.
2️⃣ Digital Currencies: From Bitcoin's surge to the growth of CBDCs, the financial landscape is evolving faster than ever.
3️⃣ The Role of Stablecoins: Bridging the gap between the digital and traditional finance world, with a special mention of their significance in DeFi.
4️⃣ Preparing for Change: Cybersecurity investments and regulatory compliance are paramount in the digital age.
5️⃣ Accounting Challenges: Accounting Challenges: With the digital transformation comes a fresh set of challenges and opportunities for accountants and auditors.

🔗 Link to the full presentation and our latest blog post in the comments.

Novatti is pleased to report a 67% growth in Gross Transaction Value from its China-focused digital payment services, ChinaPayments and Novatti BillPay, in July and August 2023 compared to the previous year. As Chinese tourists make their much-awaited return to Australian shores after the pandemic hiatus, Novatti is poised to enhance their experience.

Key highlights:
⬆️ A remarkable 111% rise in short-term arrivals from China in July, with China now the second-largest source of international arrivals, right behind New Zealand.
⬆️ Anticipation of a surge in Chinese tourism with the reopening of China's Approved Destination Status (ADS) scheme.
Novatti's prime position as the go-to digital payments partner for ⬆️ Chinese tourism and migration agencies. Offering bespoke digital payment solutions tailored to Chinese tourists, including the ease of transacting in their local RMB while vendors receive AUD.
Want to find out more? Link to our latest blog in the comments. 🔗

📅 Mark your calendars! Novatti's Stephen Leeds, Head of Business Development - Payments AU/NZ, will speak at the Small Business Australia Conference on 26/10/2023 at 15:30.

Stephen joins a panel on 'Cash Flow - Payments, Receivables,' discussing:

🔹 Payment trends & revenue impacts.
🔹 Reducing payment costs & downtimes.
🔹 Strategies for faster payments and efficient debtor management.

For more info, visit the event link in the comments. 🔗

We are thrilled to announce that our Executive Director, Peter Cook, will present at the Institute of Public Accountants's 2023 Cryptocurrency Conference.

📅 Date: Thursday, 18th October 2023
🕝 Time: 2:30 PM
📍Location: Melbourne Exhibition Centre. Can't make it in person? Tune in online!

Peter will delve deep into:
The intersection of fintech, digital currencies, and real-world assets.
The transformative impact of cryptocurrencies, stablecoins, and CBDCs on the finance and commerce landscape.
The impact and potential of tokenising tangible assets.
Key use cases, focusing on Faster Payments, Tokenisation, and Stablecoin Audits.

Join us for this insightful session. For registration details, visit https://www.publicaccountants.org.au/events/conferences/2023-cryptocurrency-conference.

Novatti Group (ASX: NOV) is pleased to welcome Stephen Leeds as Head of Business Development - Payments AU/NZ. Stephen joins Novatti with more than 20 years of experience in the global payments space through senior roles at Clearpay (Afterpay in the UK), VISA and PayPal.

Stephen will lead a streamlined commercial team at Novatti that will offer fully integrated payment solutions to business and enterprise clients, covering all of their payments acquiring, card issuing, cross-border payments and technology.

Last Friday was Day 2 of the - A day of insightful discussions, knowledge-sharing, and fostering meaningful connections.

Peter Agnew, Novatti's Global Head of Cross Border Payments, shared some key takeaways:

🔹 The remittance industry is undergoing a transformative phase – with digital tech and innovation at its helm, reshaping the speed, cost, and regulatory requirements of payments.

🔹 While compliance remains challenging, it's about navigating collaboratively with regulators and refining our internal processes.

🔹 And let's not forget the role of new technologies like blockchain, which add layers of cost efficiency, transparency, and security to the industry.

A big thank you to the organisers of the International Association of Money Transfer Networks Annual Summit 2023! Looking forward to the next one! 💼✨

Yesterday, Novatti team had the privilege of attending the 10th Annual FinTech Summit 2023 in Sydney.

The event was brimming with engaging speakers from diverse domains such as fintech, banking, AI, VC, and beyond.

We were deeply impressed by the valuable insights shared, especially on the role of data in decision-making for more innovative financial services, the pivotal nature of mutually beneficial partnerships based on aligned value propositions for growth, and the growing impact of AI in the financial sector.

A big shout-out to Glen Frost and Ashurst for orchestrating a fantastic Summit and allowing us to share our perspectives. 👏

🧠 , Dubai, Day 1
Yesterday at International Association of Money Transfer Networks Annual Summit 2023, Novatti was thrilled to connect with familiar faces and new partners. Our Global Head of Cross Border Payments, Peter Agnew, immersed himself in discussions about the digital evolution of remittances.

Key takeaways from Peter:
🔹The pace of digital transformation is creating swift, user-friendly remittance experiences.
🔹API connectivity and a strong tech foundation are pivotal for enhancing onboarding and customer interactions.
🔹Despite the shift towards digital, the essence of top-notch customer service must remain a priority.

Excited for the knowledge and partnerships Day 2 will bring! 🌍🤝

CLIENT SPOTLIGHT: Anchor & Arrow ⚓️🏹

Founded by the passionate Lorna Doe, Anchor & Arrow Baby began as a small venture in her garage, crafting exquisite baby swaddles during her maternity leave. Today, it's an emblem of style and function in baby products, showcasing a gorgeous collection of hand-painted watercolour print items designed in Australia. 🎨🍼

As Anchor & Arrow evolved, so did their need for seamless and efficient cross-border payments. After making the switch from a well-known FX platform, they found Novatti's to be a more efficient, user-friendly solution for their business FX transfers.

Why businesses like Anchor & Arrow choose Novatti:
💰 Competitive rates that offer significant savings on FX transactions.
🖥️ A cutting-edge platform designed for ease and efficiency.
🌍 Quick and secure global payments, thanks to our robust banking partnerships.
✅ Transparent processes with zero hidden fees.
🧠 Unparalleled expertise in Payments and Compliance.
Experience the Novatti difference for your business. Visit us at https://xb.novatti.com/!

Novatti (ASX: NOV) is pleased to welcome Jason Turnbull as Executive General Manager - Payments. Jason joins Novatti, having held Chief Technology Officer and Chief Product Officer roles at tech companies over the past ten years, spearheading digital transformations and leading teams of engineers and developers.

Jason will oversee a unification of Novatti's multi-channel payment solutions that enable businesses to pay and be paid quickly. In the coming months, Novatti's payments team will make it simpler for merchants and partners to engage multiple Novatti payment services with integrated business solutions that address all of their payment needs.