Fast growth fintech Nod appoints CTO heavyweight Tim Sheridan
Nod continues to expand its senior leadership team by announcing Tim Sheridan will join the ranks as their Chief Technology Officer. Nod developed a patent pending algorithm that utilises AI to create real-time Statement of Advice for Financial Advisors and Accountants and today confirms they have appointed Tim as their new CTO, charged with taking their technology offering to the next level. Whilst Tim is new to Nod, he is not new to the world of fast growth teams. Having cut his teeth on leadership roles with Moshtix and Fairfax and recently leaving a long -standing senior position with Pacific Magazines to join Nod. Tim’s dynamic, solution orientated approach to […]
New breed of savvy Australians embrace digital and choice in pursuit of home ownership
The Lendi Home Loan Index Q3 2018 (LHLI) unveils key trends among Australians searching for a home loan online*. The LHLI suggests that more consumers are taking financial matters in their own hands by embracing a digital-first approach in lieu of the traditional bank or broker model. While the wider home loan industry is dominated by the big fours, the LHLI shows that Australians using Lendi are brand agnostic. In fact, 82.9 per cent of Australians don’t have a preference for settling their loan with a major lender. The LHLI data also signifies Australians’ positive intentions when it comes to their own debt management. An overwhelming 85.5 per cent […]
GBST and Eagle Investment Systems establish strategic alliance to address Australia tax reporting capabilities
GBST and Eagle Investment Systems announce a strategic alliance that will enable Eagle’s clients to utilise GBST’s best-in-class tax reporting capabilities.
Wisr tech upgrades lower average interest rate, drive growth and creditworthiness
Wisr, Australia’s first neo-lender (ASX: WZR), saw continued strong loan growth and customer acquisition in the first quarter of the 2019 financial year. Between July and September 2019 the company saw loan origination value grow by 49% when compared to the previous quarter, as well as 22% increase in overall loan volume. The result is the third consecutive quarter that Wisr has recorded quarterly loan growth in excess of 45%. The company also announced it had surpassed $50 million in loan originations since beginning operations, almost half of which were written from the beginning of 2018. Anthony Nantes, Chief Executive Officer, Wisr said borrower shift away from traditional lenders, brand […]
GBST launches industry-first SaaS middle office on Amazon Web Services with voice control
Global fintech GBST (GBT.ASX) launched their Syn~TAC SaaS at Sibos 2018 in Sydney. The industry-first SaaS middle office has been developed in partnership with Amazon Web Services, Inc (AWS) and is supported by leading Electronic Trade Confirmations (ETC) providers SWIFT and DTCC. The cloud-based offering reduces deployment and running costs, and features advanced voice control, another industry-first which improves middle office efficiency with authenticated, secure and auditable Push-to-Talk (PTT) technology. By partnering with AWS, GBST has been able to integrate with Amazon LEX™, allowing operators to augment their use of the system through voice queries and commands. With the help of a virtual assistant called ‘Syndy’, system operators can analyse, […]
Finastra launches Open Banking Readiness Index in Asia Pacific
Finastra today launched its Open Banking Readiness Index, providing for the first time a framework for banks in the Asia-Pacific region to assess their capabilities and benchmark readiness against peers in the race towards Open Banking. Unveiled during Hong Kong Fintech Week, the research reveals that 84% of the top 146 banks in Asia Pacific are considering collaborating with external partners to enhance their Open Banking capabilities between 2018 and 2020. Developed in partnership with IDC Financial Insights, the Finastra Open Banking Readiness Index measures banks across five dimensions – Adoption of APIs, Fintech/Third-Party Ecosystem, State of Data-based Transformation, Data Monetization, and State of Innovation. It is based on interviews […]
Neobank pioneer Brett King joins Xinja
Xinja, which is building a 100% independent digital bank, or ‘neobank’ for mobile, is adding significant global expertise to its organisation with the announcement that Brett King will act as a permanent advisor to the Board, and help guide Xinja’s strategic direction. Brett King founded neobank Moven in 2011, which launched the world’s first mobile, downloadable bank account. He is widely considered the most influential expert on retail banking innovation globally. Mr King was an advisor to the Obama White House, the US Federal Reserve and the Office of the Comptroller of the Currency on the future of banking in the United States. Mr King said: “I have been working […]
Peppermint to receive $1.5m via placement to strategic Fintech investor Smidge Digital Unit Trust
Peppermint Innovation Ltd (ASX: PIL) announce continued strategic and funding support from Smidge Digital Unit Trust (SDUT) with a further investment into Peppermint of $1.5 million. The investment was transacted via a share placement of 60,000,000 shares to SDUT at 2.5 cents per share and represents a 32% premium to PIL’s last traded price of 1.7 cents. The funds will be used to continue to accelerate the roll-out of the Company’s Bizmoto agent network in the Philippines as well as the development of a number of enterprise capabilities in micro finance and international remittance business opportunities. They will also advance work on innovative fintech products and technology platform services (to […]
