Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
A Staff Discussion Paper – Central Bank Digital Currencies: A Framework for Assessing Why and How – from the Bank of Canada raises a number of important questions concerning the role a Central Bank may play with regards to Digital Currencies. Digital currencies have attracted strong interest in recent years and have the potential to … Continue reading “Should Central Banks Issue Digital Currencies?”
From TheBankDoctor. In 2015, online SME lending in Australia was around $250m, up from a zero base two years ago. Growth will continue exponentially and online SME lending will become a significant alternative source of funding for Australia’s SMEs. Online lenders perform an important role by lending to thousands of SMEs that would otherwise struggle … Continue reading “SMEs need protection from online Payday Lenders”
From FinTech Business. Despite the success of fintech companies the world over, many still underestimate their importance, but when it comes to peer-to-peer lending, the market potential can’t be ignored, writes FundX’s David Jackson. History is brimming with examples of our limited ability to think beyond the current status quo. In 1977, Ken Olsen, co-founder … Continue reading “Fintechs for SMEs are here to stay”
From NY Times. In this digital age when almost anything can be had in an instant, the movement of money can seem glaringly slow. Most people paying a housekeeper or collecting money for an office pool still use cash or a check, which can take days to go through — a relative eternity that banking … Continue reading “Under Pressure, US Banks Vie for Instant Payment Market”
From The Conversation. More than 20 years after the first web server started bringing the internet into our lives, a recent conference in San Francisco brought together some of its creators to discuss its future. The general tone of the conference is probably best summed up by the Electronic Frontiers Foundation’sCory Doctorow: In the last … Continue reading “What’s wrong with the web and do we need to fix it?”
An article published today in the NZ Reserve Bank Bulletin explores the potential effects of digital disruption to banks and broader financial system stability. Consumers now expect the same seamless digital services from banks as they receive from other industries. Hence, the banking industry is being ‘digitally disrupted’ as banks and technology firms race to … Continue reading “RBNZ Does Digital Banking Disruption”
According to Australian Broker, peer-to-peer (P2P) lender SocietyOne has announced a major milestone this week, surpassing $60 million in total loans, with year-to-date loan volume already tripling the company’s loan originations during 2014. However, the chief executive says it is the type of growth that really demonstrates the value of the P2P proposition. Since its … Continue reading “SocietyOne Has Now Lent $60m in Total Loans”
From Australian Broker Online. Leading peer-to-peer (P2P) lender RateSetter has seen significant growth in broker referrals, with almost one third (30%) of its business now coming through the third party channel. Speaking to Australian Broker, the chief executive of RateSetter, Daniel Foggo, said that the broker channel is an important avenue of growth for the … Continue reading “RateSetter sees monumental growth from broker channel”
From Australian Broker Online. Australia could be the next burgeoning market for alternative forms of finance, if regulators keep up with consumer demand. Speaking to Australian Broker, Luke Deer, a post-doctoral research associate at the University of Sydney, said Australia is ripe for disruption from alternative and innovative forms of finance – namely peer to … Continue reading “Alternative Finance Set to Boom in Australia”
In a speech entitled Digital Darwinism and the financial industry – a supervisor’s perception, Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, says in the context of digital disruption, there is an “open end” to the evolution of the digital financial sector and if banks don’t think “digitally”, they’re going to … Continue reading “Digital Darwinism and the financial industry”