Jump to content

KlickEx: Difference between revisions

From IdeaWazaWiki
← Older edit

Waza (talk | contribs)

1 user group
1,042 edits
remove promotional language and make lede clear and fix refs
Cleanup: remove deletion notice and missing templates
 
(13 intermediate revisions by 8 users not shown)
Line 1: Line 1:
{{Cleanup bare URLs|date=August 2022}}
{{Infobox company
{{Infobox company
| name             = KlickEx
| name         = KlickEx
| logo             =  
| logo         =
| type             = [[Private company|Private]]
| type         = [[Private company|Private]]
| foundation       = {{start date|2008}}
| founded       = {{start date and age|2008}}
| location        = New Zealand
| hq_location  = New Zealand
| area_served     = [[Pacific Islands]], [[Europe]]
| area_served   = [[Pacific Islands]], [[Europe]]
| key_people       = Robert Bell ([[Organizational founder|Founder]])
| key_people   = Robert Bell ([[Organizational founder|Founder]])
| industry         = [[Trade and development]]
| industry     = [[Trade and development]]
| products         = [[Private electronic market]]<br />[[Settlement (finance)]]<br />[[Payment system]]<br />[[Foreign exchange market|Foreign Exchange]]
| products     = [[Private electronic market]]<br />[[Settlement (finance)]]<br />[[Payment system]]<br />[[Foreign exchange market|Foreign Exchange]]
| revenue          =
| num_employees =  
| gross profit    =
| parent       = [[Nomupay]]
| operating_income =
| subsidiaries  =  
| net_income      =
| website      = {{url|klickex.com}}
| num_employees   =  
| footnotes     =
| parent           = NomuPay
| subsid          =  
| homepage        = {{url|KlickEx.org}}
| footnotes       =  
}}
}}
'''KlickEx''' is a New Zealand [[fintech]] company that provides a [[payment system]] for domestic, low value electronic [[Foreign exchange market|foreign exchange]] transactions to [[Polynesia]]n countries using a [[smart market]] retail system.<ref>{{Cite web|title=Reserve Bank conducted technical training on Tonga National Payment System - National Reserve Bank of Tonga|url=http://www.reservebank.to/index.php/136-news/2020/press-release/877-reserve-bank-conducted-technical-training-on-tonga-national-payment-system.html|access-date=2021-11-14|website=www.reservebank.to}}</ref>


'''KlickEx''' is a New Zealand [[fintech]] company that provides a payments system for domestic, low value electronic [[Foreign exchange market|foreign exchange]] transactions to [[Polynesia]]n countries using a [[smart market]] retail system.<ref>{{Cite web|title=Reserve Bank conducted technical training on Tonga National Payment System - National Reserve Bank of Tonga|url=http://www.reservebank.to/index.php/136-news/2020/press-release/877-reserve-bank-conducted-technical-training-on-tonga-national-payment-system.html|access-date=2021-11-14|website=www.reservebank.to}}</ref>
The company provides exchange [[Clearing (finance)|clearing]] service platforms to central bank, commercial bank, nonbank, and non-financial clients in the [[Pacific Islands]], also providing a guaranteed fund, net settlement, retail servicing to mobile money operations across the region,<ref>{{Cite web|date=2017-10-27|title=Financial inclusion & Mobile Money in the Pacific|url=https://klickex.org/financial-inclusion-mobile-money-in-the-pacific/|access-date=2021-11-14|website=KlickEx|language=en-US|archive-date=2022-05-25|archive-url=https://web.archive.org/web/20220525140619/https://klickex.org/financial-inclusion-mobile-money-in-the-pacific/|url-status=dead}}</ref> avoiding the usual foreign transfer delays, fees and [[Bid–offer spread|spreads]] by matching up individuals (and institutions) or central-bank-settling payments to and from the islands.
 
The company provides exchange [[Clearing (finance)|clearing]] service platforms to central bank, commercial bank, nonbank, and non-financial clients in the [[Pacific Islands]], also providing a guaranteed fund, net settlement, retail servicing to mobile money operations across the region,<ref>{{Cite web|date=2017-10-27|title=Financial inclusion & Mobile Money in the Pacific|url=https://klickex.org/financial-inclusion-mobile-money-in-the-pacific/|access-date=2021-11-14|website=KlickEx|language=en-US}}</ref> avoiding the usual foreign transfer delays, fees and [[Bid–offer spread|spreads]] by matching up individuals (and institutions) or central-bank-settling payments to and from the islands.


Payments can be made between the Pacific Islands and Australia, New Zealand, and Europe.<ref>{{cite web |url=http://www.klickex.org/ |title=Home |website=klickex.org}}</ref> The system also allows users to transfer directly to [[Mobile payment|mobile wallets]],<ref>{{cite news|last=Fletcher|first=Hamish|title=Tech firm scores Pacific money transfer deal|url=http://www.nzherald.co.nz/connect/news/article.cfm?c_id=1501833&objectid=10757041|accessdate=31 August 2013|newspaper=[[The New Zealand Herald]]|date=7 October 2011}}</ref> and Bank accounts.
Payments can be made between the Pacific Islands and Australia, New Zealand, and Europe.<ref>{{cite web |url=http://www.klickex.org/ |title=Home |website=klickex.org}}</ref> The system also allows users to transfer directly to [[Mobile payment|mobile wallets]],<ref>{{cite news|last=Fletcher|first=Hamish|title=Tech firm scores Pacific money transfer deal|url=http://www.nzherald.co.nz/connect/news/article.cfm?c_id=1501833&objectid=10757041|accessdate=31 August 2013|newspaper=[[The New Zealand Herald]]|date=7 October 2011}}</ref> and Bank accounts.
Line 30: Line 24:


==History==
==History==
The company name is derived from the title: ''The Klick Exchange Trading Company''.  The company was resident of the [[ICEHOUSE (incubator)|ICE-house incubator]] innovation centre in Auckland.
The company name is derived from the title: ''The Klick Exchange Trading Company''.  The company was resident of the [[ICEHOUSE (incubator)|ICE-house incubator]] innovation centre in Auckland and was founded by Robert Bell.<ref>{{cite news |url=https://www.stuff.co.nz/business/128845649/what-happened-when-27m-arrived-in-a-backpack |title=What happened when $2.7m arrived in a backpack |date=June 3, 2022 |publisher=Stuff.co.nz |last=Fonseka |first=Dileepa}}</ref>


The KlickEx system is based on trading technology that has been operational since 2002.
The KlickEx system is based on trading technology that has been operational since 2002.
Line 40: Line 34:
  | publisher =The New Zealand Hi-Tech Trust
  | publisher =The New Zealand Hi-Tech Trust
  | url =http://www.hitech.org.nz/finalists.html
  | url =http://www.hitech.org.nz/finalists.html
  | accessdate = 1 April 2012}}</ref>
  | accessdate =1 April 2012
| archive-date =13 April 2012
| archive-url =https://web.archive.org/web/20120413023453/http://www.hitech.org.nz/finalists.html
| url-status =dead
}}</ref>


==Services==
==Services==
Line 50: Line 48:
* cashflow tracking services and wealth management systems enable enhanced transparency and consumer security across a multi-currency platform.
* cashflow tracking services and wealth management systems enable enhanced transparency and consumer security across a multi-currency platform.


KlickEx operates a [[straight-through processing]] settlement system that enables individuals and partnership banks to gain access to cross-border foreign currency clearing facilities and rapid settlement between accounts, delivering cleared funds across currencies in seconds. The system micro-manages standing orders for foreign exchange as little as NZ$1.00.  With retail clients in New Zealand, Australia, Tonga and Samoa having immediate access following a short approval and [[Anti-money laundering]] process.
KlickEx operates a [[straight-through processing]] settlement system that enables individuals and partnership banks to gain access to cross-border foreign currency clearing facilities and rapid settlement between accounts, delivering cleared funds across currencies in seconds. The system micro-manages standing orders for foreign exchange as little as NZ$1.00.  With retail clients in New Zealand, Australia, Tonga and Samoa having immediate access following a short approval and [[Anti–money laundering]] process.


==Awards & Industry Recognition==
==Awards & Industry Recognition==
*[[University of Auckland]] Business School Entrepreneurs' Challenge 2011 (shared with three other companies)<ref>{{cite news|last=Fletcher|first=Hamish|title=Business Next Article: Big shake-up in Metlifecare expected Four enterprising firms share million dollar award|url=http://www.nzherald.co.nz/connect/news/article.cfm?c_id=1501833&objectid=10757041|accessdate=31 August 2013|newspaper=[[The New Zealand Herald]]|date=27 October 2011}}</ref>   
*[[University of Auckland]] Business School Entrepreneurs' Challenge 2011 (shared with three other companies)<ref>{{cite news|last=Fletcher|first=Hamish|title=Business Next Article: Big shake-up in Metlifecare expected Four enterprising firms share million dollar award|url=http://www.nzherald.co.nz/connect/news/article.cfm?c_id=1501833&objectid=10757041|accessdate=31 August 2013|newspaper=[[The New Zealand Herald]]|date=27 October 2011}}</ref>   
* [[SWIFT]] Innotribe, Top Start-up of 2013.<ref>{{Cite web|url=http://www.swift.com/about_swift/shownews?param_dcr=news.data/en/swift_com/2013/PR_sibos_Innotribe.xml|title=SWIFT news}}</ref>
* [[SWIFT]] Innotribe, Top Start-up of 2013.<ref>{{Cite web|url=http://www.swift.com/about_swift/shownews?param_dcr=news.data/en/swift_com/2013/PR_sibos_Innotribe.xml|title=SWIFT news}}</ref>
* KlickEx staff have also received various notations; including (1) NZ Hi-Tech Young Achiever of 2012;<ref>{{Cite web|url=http://www.stuff.co.nz/dominion-post/business/6909758/Compac-big-winner-in-hi-tech-awards|title = Compac big winner in hi-tech awards|date = 11 May 2012}}</ref> (2) Geeks on a Plane 2013, venture pitch competition;<ref>{{cite web |url=http://newzealandinc.com/geeks-on-a-plane-klickex/ |title=Geeks on a Plane – Company Profile: KlickEx - Winner – BNZ: Breaking the Rules |year=2012 |publisher=NZ INC}}</ref> (3) NZ Hi-Tech Young Achiever of 2013;<ref>{{cite web |url=http://www.futureintech.org.nz/enews/news/news.cfm?ID=7 |title=Futureintech: Careers in Technology, Engineering and Science |accessdate=2014-06-25 |url-status=dead|archiveurl=https://archive.today/20140625224432/http://www.futureintech.org.nz/enews/news/news.cfm?ID=7 |archivedate=2014-06-25 }}</ref> (4) Top Executives Shaping the Future of Banking, 2013 (Robert Bell).<ref>{{Cite web|url=http://www.bankinnovation.net/2013/06/2013-innovators-to-watch-41-to-44/|title=2013 Innovators to Watch: 41 to 44|date=13 June 2013 }}</ref> (5) Top Executives Shaping the Future of Banking 2014 <ref>{{Cite web|url=http://bankinnovation.net/2014/07/innovators-to-watch-23-to-30/|title=2014 Innovators to Watch: 23 to 30|date=July 2014 }}</ref> (5) Most Inspiring New Zealanders 2014 <ref>{{cite web |url=http://www.innovators.org.nz/winners-a-finalists/finalists-2014 |title=New Zealand Innovators Awards 2014 Finalists |publisher=New Zealand Innovation council |archive-url=https://web.archive.org/web/20150113024228/http://innovators.org.nz/index.php/winners-a-finalists/finalists-2014 |archive-date=January 13, 2015 |year=2014}}</ref>
* KlickEx staff have also received various notations; including (1) NZ Hi-Tech Young Achiever of 2012;<ref>{{Cite web|url=http://www.stuff.co.nz/dominion-post/business/6909758/Compac-big-winner-in-hi-tech-awards|title = Compac big winner in hi-tech awards|date = 11 May 2012}}</ref> (2) Geeks on a Plane 2013, venture pitch competition;<ref>{{cite web |url=http://newzealandinc.com/geeks-on-a-plane-klickex/ |title=Geeks on a Plane – Company Profile: KlickEx - Winner – BNZ: Breaking the Rules |year=2012 |publisher=NZ INC}}</ref> (3) NZ Hi-Tech Young Achiever of 2013;<ref>{{cite web |url=http://www.futureintech.org.nz/enews/news/news.cfm?ID=7 |title=Futureintech: Careers in Technology, Engineering and Science |accessdate=2014-06-25 |url-status=dead|archiveurl=https://archive.today/20140625224432/http://www.futureintech.org.nz/enews/news/news.cfm?ID=7 |archivedate=2014-06-25 }}</ref> (4) Top Executives Shaping the Future of Banking, 2013 (Robert Bell).<ref>{{Cite web|url=http://www.bankinnovation.net/2013/06/2013-innovators-to-watch-41-to-44/|title=2013 Innovators to Watch: 41 to 44|date=13 June 2013|access-date=25 June 2014|archive-date=7 July 2016|archive-url=https://web.archive.org/web/20160707223027/http://bankinnovation.net/2013/06/2013-innovators-to-watch-41-to-44/|url-status=dead}}</ref> (5) Top Executives Shaping the Future of Banking 2014 <ref>{{Cite web|url=http://bankinnovation.net/2014/07/innovators-to-watch-23-to-30/|title=2014 Innovators to Watch: 23 to 30|date=July 2014|access-date=2016-03-11|archive-date=2016-03-11|archive-url=https://web.archive.org/web/20160311123720/http://bankinnovation.net/2014/07/innovators-to-watch-23-to-30/|url-status=dead}}</ref> (5) Most Inspiring New Zealanders 2014 <ref>{{cite web |url=http://www.innovators.org.nz/winners-a-finalists/finalists-2014 |title=New Zealand Innovators Awards 2014 Finalists |publisher=New Zealand Innovation council |archive-url=https://web.archive.org/web/20150113024228/http://innovators.org.nz/index.php/winners-a-finalists/finalists-2014 |archive-date=January 13, 2015 |year=2014}}</ref>


==References==
==References==

Latest revision as of 22:42, 2 November 2026

Template:Infobox company KlickEx is a New Zealand fintech company that provides a payment system for domestic, low value electronic foreign exchange transactions to Polynesian countries using a smart market retail system.[1]

The company provides exchange clearing service platforms to central bank, commercial bank, nonbank, and non-financial clients in the Pacific Islands, also providing a guaranteed fund, net settlement, retail servicing to mobile money operations across the region,[2] avoiding the usual foreign transfer delays, fees and spreads by matching up individuals (and institutions) or central-bank-settling payments to and from the islands.

Payments can be made between the Pacific Islands and Australia, New Zealand, and Europe.[3] The system also allows users to transfer directly to mobile wallets,[4] and Bank accounts.

KlickEx is both a systems provider, and a licensed and prudentially supervised payment systems, for international bank transfers and payments for older remittance networks where the minimum transfer fees would often make it uneconomical to send low value payments that are typical for migrant workers and relatives of the island communities.

History

The company name is derived from the title: The Klick Exchange Trading Company. The company was resident of the ICE-house incubator innovation centre in Auckland and was founded by Robert Bell.[5]

The KlickEx system is based on trading technology that has been operational since 2002.

Through a regional partnership with the United Nations Development Program, and the Australian and New Zealand Governments in 2011; KlickEx continued to build services and by providing the platform for Mobile Carriers (MNO) to integrate mobile wallet platforms into the established banking system; thereby accelerating the penetration of financial services to the unbanked in the Pacific, particularly focusing on Rural communities, and financial inclusion for women in developing economies.[6]

In 2012, the company was a finalist for several New Zealand Hi-Tech Awards, in several categories including Ministry of Science and Innovation Start-up of the Year, Best New Software, Best New Service (2012).[7]

Services

The company has three core divisions: A retail operation, providing payment services in the South Pacific, an Institutional operation, connecting smaller banks to regional and world-wide clearing networks, and NGO/Development operations, providing regulators and government agencies with statistical and compliance solutions.Template:Buzzword inline

The company provides three core products to participants:

  • An open access Private electronic market for multi-currency settlements. The micro-currency system provides members the facility to move both ultra-low-value and high-value quantities of foreign exchange through the foreign exchange markets, without traditional FX margins.
  • multi-regional clearing, verification, and order forwarding, this allows the proceeds of multi-currency settlements to be forwarded on electronically at bank-bank exchange rates, providing end users efficient access to overhead-free FX rates.
  • cashflow tracking services and wealth management systems enable enhanced transparency and consumer security across a multi-currency platform.

KlickEx operates a straight-through processing settlement system that enables individuals and partnership banks to gain access to cross-border foreign currency clearing facilities and rapid settlement between accounts, delivering cleared funds across currencies in seconds. The system micro-manages standing orders for foreign exchange as little as NZ$1.00. With retail clients in New Zealand, Australia, Tonga and Samoa having immediate access following a short approval and Anti–money laundering process.

Awards & Industry Recognition

  • University of Auckland Business School Entrepreneurs' Challenge 2011 (shared with three other companies)[8]
  • SWIFT Innotribe, Top Start-up of 2013.[9]
  • KlickEx staff have also received various notations; including (1) NZ Hi-Tech Young Achiever of 2012;[10] (2) Geeks on a Plane 2013, venture pitch competition;[11] (3) NZ Hi-Tech Young Achiever of 2013;[12] (4) Top Executives Shaping the Future of Banking, 2013 (Robert Bell).[13] (5) Top Executives Shaping the Future of Banking 2014 [14] (5) Most Inspiring New Zealanders 2014 [15]

References

  1. ↑ "Reserve Bank conducted technical training on Tonga National Payment System - National Reserve Bank of Tonga". http://www.reservebank.to/index.php/136-news/2020/press-release/877-reserve-bank-conducted-technical-training-on-tonga-national-payment-system.html. 
  2. ↑ "Financial inclusion & Mobile Money in the Pacific" (in en-US). 2017-10-27. https://klickex.org/financial-inclusion-mobile-money-in-the-pacific/. 
  3. ↑ "Home". http://www.klickex.org/. 
  4. ↑ Fletcher, Hamish (7 October 2011). "Tech firm scores Pacific money transfer deal". The New Zealand Herald. http://www.nzherald.co.nz/connect/news/article.cfm?c_id=1501833&objectid=10757041. Retrieved on 31 August 2013. 
  5. ↑ Fonseka, Dileepa (June 3, 2022). "What happened when $2.7m arrived in a backpack". Stuff.co.nz. https://www.stuff.co.nz/business/128845649/what-happened-when-27m-arrived-in-a-backpack. 
  6. ↑ "Archived copy". Archived from the original on 2012-05-02. https://web.archive.org/web/20120502190010/http://www.pfip.org/media-centre/press-releases/digicel-klickex-launch-web-to-mobile-wallet-remittance-transfer.html. Retrieved on 2011-10-31. 
  7. ↑ "2012 NZ Hi-Tech Awards Finalists". The New Zealand Hi-Tech Trust. http://www.hitech.org.nz/finalists.html. Retrieved on 1 April 2012. 
  8. ↑ Fletcher, Hamish (27 October 2011). "Business Next Article: Big shake-up in Metlifecare expected Four enterprising firms share million dollar award". The New Zealand Herald. http://www.nzherald.co.nz/connect/news/article.cfm?c_id=1501833&objectid=10757041. Retrieved on 31 August 2013. 
  9. ↑ "SWIFT news". http://www.swift.com/about_swift/shownews?param_dcr=news.data/en/swift_com/2013/PR_sibos_Innotribe.xml. 
  10. ↑ "Compac big winner in hi-tech awards". 11 May 2012. http://www.stuff.co.nz/dominion-post/business/6909758/Compac-big-winner-in-hi-tech-awards. 
  11. ↑ "Geeks on a Plane – Company Profile: KlickEx - Winner – BNZ: Breaking the Rules". NZ INC. 2012. http://newzealandinc.com/geeks-on-a-plane-klickex/. 
  12. ↑ "Futureintech: Careers in Technology, Engineering and Science". Archived from the original on 2014-06-25. https://archive.today/20140625224432/http://www.futureintech.org.nz/enews/news/news.cfm?ID=7. Retrieved on 2014-06-25. 
  13. ↑ "2013 Innovators to Watch: 41 to 44". 13 June 2013. http://www.bankinnovation.net/2013/06/2013-innovators-to-watch-41-to-44/. 
  14. ↑ "2014 Innovators to Watch: 23 to 30". July 2014. http://bankinnovation.net/2014/07/innovators-to-watch-23-to-30/. 
  15. ↑ "New Zealand Innovators Awards 2014 Finalists". New Zealand Innovation council. 2014. http://www.innovators.org.nz/winners-a-finalists/finalists-2014. 
Retrieved from "https://ideawaza.com/index.php?title=KlickEx&oldid=118976"