NZ’s Financial Market’s Authority recently released guidance on the regulation of ICOs under NZ securities laws – in particular under the Financial Markets Conduct Act 2013 (FMCA). This follows a spate of similar guidance releases by securities regulators around the world. Read more
Archive for News
A new piece of legislation may mean changes are required to your legal templates. The Contract and Commercial Law Act 2017 (CCLA) came into force on 1 September 2017. The CCLA repeals and consolidates a number of commercial statutes that are commonly referred to in standard contract templates, including the Contracts (Privity) Act 1982, the Sale of Goods Act 1908 and the Sale of Goods (United Nations Convention) Act 1994. Read more
Have you ever tried to send money to family and friends overseas? Despite our increasingly global society, cross-border payments can still be a time-consuming and costly process. About half of the world’s international payments include major global currencies and flow through key banking corridors, where inter-bank processes are well-established and work reasonably efficiently. Read more
The Market Measures survey benchmarks the sales and marketing activity of New Zealand’s technology companies, providing you with useful information for planning your sales and marketing strategies. By participating in the study you can compare your company’s performance against your peers and US counterparts. You will be emailed the results of the study, including the final report due out in October 2017 (worth $375), resources like eBooks, infographics and videos, and the opportunity to attend events nationwide discussing Market Measures results and implications.
The survey closes at the end of the day on Thursday 5 October.
An Angel at My Table – winners
A great night was had by all last night, as a full house watched, and along with our three ‘dragons’ judged four early stage businesses pitch for investment money. Thank you to all our finalists.
Our four finalists were:
The overall winner: Broadband Compare
The People’s Choice winner: Squawk Squad
The NZSA Annual General Meeting 2017 will take place at 5.30pm on Tuesday 13 June 2017, prior to the June networking dinner. The AGM will be held at the Glengarry Wine Tasting Room, Cnr Wellesley and Sale Streets. Everyone is welcome to attend but only NZSA members hold voting rights.
- Approval of the Agenda
- Approval of the minutes of the previous AGM
- President’s Report
- Financial Statements
- Election of the committee
- General Business’
NZSA members enjoyed a fantastic briefing from tech M&A expert Dan Bernstein from the Corum Group. Dan shared many insightful tips with the audience on how record cash, disruptive change, aggressive new buyers and rising valuations are making this the best time to sell in a decade. Many thanks to IBM and ClearPoint for making this invaluable session possible for NZSA members.
A collaborative report from New Zealand’s top technology organisations have released a manifesto of our “digital future”.
The report, which outlines key goals for the tech industry, was also sent to every member of Parliament. One of the major proposals from the report is the establishment of a dedicated Ministry of the Future.
Twenty organisations collaborated on the report, including TUANZ, InternetNZ and IT Professionals.
The audience were very impressed to learn how in just 19 months LatiPay has become recognised as the ‘PayPal for Western merchants wanting to transact business with Chinese customers’.
Leigh drew upon two examples to highlight how the LatiPay system works for businesses – Convita who is selling New Zealand honey directly to Chinese consumers and Jucy Rentals who rent to Chinese visitors once they arrive in New Zealand. Credit cards are not commonly used by Chinese consumers, who prefer to do business via e-wallet systems.
LatiPay is the only compliant solution that provides customers access to the five main Chinese e-wallets WeChat, Alipay, JDPay, BaiduPay, Tenpay and nineteen main Chinese Banks. Latipay charge no fee to merchants because LatiPay’s strategy has been to sacrifice margin in order to quickly achieve scale.
Leigh and his small team have been focussing on gaining recognition and credibility in the Chinese market by securing awards in Australia and the States alongside developing partnership arrangements with Australian and Chinese banks.
Securing Singaporean venture capital funding has also been a priority since LatiPay’s inception. Leigh described the road to securing venture capital funding as being similar to travelling on an airport travelator – you get carried along and once you get on, you can’t get off, you just have to keep on going to your destination.
Visit latipay.net to find out more.
An Auckland company founded by an academy award winner from Hollywood blockbuster Avatar has secured $US7.5 million to further its research into human-like computers.
The artificial intelligence company called Soul Machines will utilise University of Auckland research technology after gaining backing from Hong Kong investors.
Read more here .