Search Results for: fintech

Awareness Proving The Toughest Hurdle For Aussie Alt-Lenders

 From Pymnts.com Australia’s market for small- and medium-sized enterprises (SME) is by no means easy. The nation is grappling with a late supplier payments problem and with regulators looking to accelerate corporate payments to SMEs, though with limited expectation for the efforts to work. But that presents an opportunity for alt lending, analysts say, as do … Continue reading “Awareness Proving The Toughest Hurdle For Aussie Alt-Lenders”

Awareness key barrier to SME lending growth

From Australian Broker. While tighter banking restrictions have forced more small and medium enterprise (SME) borrowers towards non-bank lenders, a lack of awareness is still hindering real growth within the sector. The Disruption Index, which has been jointly developed by small business lender Moula and research and consulting firm Digital Finance Analytics (DFA), puts the … Continue reading “Awareness key barrier to SME lending growth”

NAB Ventures backs Sydney start-up, Basiq

Basiq, a start-up that provides Australia’s first open banking API platform, has gained investments from NAB Ventures and Reinventure in a seed funding round. Based in Sydney, Basiq’s core platform enables fintech companies to securely acquire authorised financial data on behalf of their customers. This enables fintechs to develop innovative solutions for their customers around … Continue reading “NAB Ventures backs Sydney start-up, Basiq”

Snapshot of Marketplace Lending in Australia

ASIC has released a report today on its first survey of various participants in the marketplace lending industry. Marketplace lending allows investors to invest in loans to consumers and small and medium enterprises (SMEs). It has the potential to provide another avenue of funding for business and consumers. ASIC conducted the survey on a voluntary … Continue reading “Snapshot of Marketplace Lending in Australia”

AI and the Future of Mortgage Lending

From The Adviser. The managing director of online mortgage broker uno. has suggested that artificial intelligence in mortgages could disrupt the industry and change the way broking works. Speaking to The Adviser, Vincent Turner outlined that currently, online mortgage platform uno. allows users to look at different loans suited for their needs, which are then … Continue reading “AI and the Future of Mortgage Lending”

A ‘paradigm shift’ is taking place in financial technology

From Business Insider. A “paradigm shift” is taking place in financial technology. Venture capital firms, which poured $US117 billion into fintech startups from 2012 to 2016, have been pulling back on their investments. Meanwhile, established financial firms are positioned to step up their spending. In a big note out to clients on May 18 titled … Continue reading “A ‘paradigm shift’ is taking place in financial technology”

BT Panorama inks deal with robo-adviser

From Investor Daily. BT has made a clear statement of intent on digital advice by signing a platform connectivity deal with Ignition Wealth. In a deal that will be announced this morning, BT has agreed to connect advisers and accountants using the Ignition Wealth platform to BT Panorama. A spokesperson for BT confirmed to InvestorDaily … Continue reading “BT Panorama inks deal with robo-adviser”

Foreign firms could “colonise” Australian banking

From Investor Daily. Australia’s slowness to offer open data leaves the country’s banking sector open to an incursion from more competitive foreign companies, according to Tyro Payments. Speaking to members of the French-Australian Chamber of Commerce on Wednesday, 3 May, Tyro Payments executive director Jost Stollmann said that globally, banking is on the cusp of … Continue reading “Foreign firms could “colonise” Australian banking”

Robo-advice is not disruptive: Reinventure

From Investor Daily. Automated advice is not a disruptive innovation and will only sustain the existing business models of the major banks, according to venture capital firm Reinventure. Reinventure general partner Kara Frederick says the Westpac-backed venture capital fund will not be investing in robo-advice any time soon. Ms Frederick, who is a Silicon Valley … Continue reading “Robo-advice is not disruptive: Reinventure”

Will Apple Pay Win The Contactless Payment Wars?

New research suggests that Apple will dominate the OEM-Pay market over the next 4 years, leading Samsung, Google, and Others. Data from fintech analysts, Juniper Research, estimates that the number of OEM-Pay contactless users, including Apple Pay, Samsung Pay, and Android Pay, will exceed 100 million for the first time during H1-2017, before surpassing 150 … Continue reading “Will Apple Pay Win The Contactless Payment Wars?”