Popular demand for cryptocurrency has prompted Australia’s leading micro-investing platform Raiz (formerly Acorns) to add a bitcoin investment option. Individual investors can round up their spare change and regularly invest in a bitcoin investment portfolio. Leading Australian Micro-Investing App Now Offers Bitcoin Exposure Australia’s leading micro-investing platform Raiz announced onRead More →

© Reuters. Australian wealth manager IOOF hit with class-action lawsuit SYDNEY (Reuters) – Australia’s embattled second-largest wealth manager, IOOF Holdings Ltd, was sued on Friday by shareholders who alleged the company engaged in deceptive conduct and breached sharemarket disclosure obligations. The class-action lawsuit is the ninth against a major financialRead More →

© Reuters. Australian lawmakers recommend stronger oversight of payday lenders SYDNEY (Reuters) – Australia should introduce tougher laws that protect consumers from unscrupulous lenders, pay-day companies and ‘buy now, pay later’ providers, lawmakers recommended in a report released on Friday following a four-month inquiry. The bipartisan senate committee that conductedRead More →