Digital Finance Analytics (DFA) Blog
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Two years after launching its online mortgage broking platform, HashChing says it is shaking up the home loans industry once again with a new GroupBuy solution. They claim the potential savings are huge by flipping the usual power dynamic of a bank and borrower. Customers join a group with similar lending requirements (such as refinancing … Continue reading “HashChing Launches New GroupBuy Solution”
The latest results from the Digital Finance Analytics Small and Medium Business Survey, based on research from 52,000 firms over the past 12 months, is now available on request. You can use the form below to obtain a free copy of the report. There are around 2.2 million small and medium businesses (SME) operating … Continue reading “DFA’s SME Report 2017 Released”
The German central bank has published the results of a survey of smaller financial institution across Germany, examining the impact of current low interest rates. Of note is their commentary on home loan lending. Bundesbank calculations show they are experiencing price hikes in major towns and cities of 15% to 30% above the level that … Continue reading “Risk In A Low Interest Rate Environment”
From Fintech Business. Bitcoin cash has entered the scene as bitcoin finally split into two this week following years of community infighting about the future of the bitcoin blockchain. However, Melbourne-based Blockchain Centre chief executive Martin Davidson said bitcoin cash was just one among many other ‘alt coins’, or bitcoin alternatives, available. “Bitcoin cash can … Continue reading “Bitcoin’s ‘hard fork’ becomes a reality”
Last week Treasurer Scott Morrison’s media release on the proposal to introduce an open banking regime in Australia was framed around the requirement for banks to be able and willing (with customer agreement) to share product and customer data with third parties. The timing is interesting given the disruptive rise of FinTechs and the fact there … Continue reading “Open Banking May Catalyse Digital Disruption”
The New Zealand Reserve Bank had thought about whether to introduce more prescriptive requirements in managing cyber security risks but decided not to at this stage. A recent paper by the Committee on the Global Financial System (CGFS) and Financial Stability Board highlights that financial risk in fintech platforms may be higher than at banks … Continue reading “NZ Reserve Bank outlines stance on cyber issues”
At the heart of the property market there is a paradox – prices are still rising in most centres and auction clearance rates remain elevated, yet mortgage lending momentum is easing. How can this be? In our latest weekly review we look at lending momentum, property prices and mortgage industry innovation. We are living in … Continue reading “Turbulent Times – The Property Imperative Weekly 15 July 2017”
From Australian Broker. A new fintech Tic:Toc has emerged offering ‘instant home loans’ through a digital real-time loan processing system that connects customers directly to the lender. CEO Anthony Baum told Australian Broker that in 2015 emerging digital lending capabilities inspired him to formulate and create an instant loan process. Forming a partnership with Bendigo … Continue reading “Tic:Toc launches with 22-minute home loan”
From Fintech Business. Zagga, chaired by former banking executive Peter Clare and led by CEO Alan Greenstein, held a launch party in Sydney recently. Zagga was co-founded in Australia by Edwin and Marcus Morrison, who also established LendMe in New Zealand with Mark Kirkland. Zagga Australia shares a technology platform, back office and administration with … Continue reading “Secured Peer To Peer Lender Launches In Australia”
From Australian Fintech. RateSetter, Australia’s largest retail peer-to-peer lender, has today announced a partnership with innovative self-managed super fund (SMSF) administration provider, Xpress Super. The integration provides investors with direct access to their RateSetter account on the Xpress Super platform, making it easier for SMSF investors to earn attractive returns by lending to creditworthy borrowers … Continue reading “Xpress Super and RateSetter announce integration to boost SMSF access to peer-to-peer lending”