Wisr, Bendigo and Adelaide Bank announce $25m wholesale loan funding agreement
Australian neo-lender Wisr Limited (ASX: WZR) today announced a $25 million wholesale funding agreement with Bendigo and Adelaide Bank Limited. The agreement will see Bendigo and Adelaide Bank provide a facility to fund existing and future loans and increase Wisr’s consumer loan book capacity, as well as improving the opportunity for revenue generation and operational performance. Bendigo and Adelaide Bank is Australia’s fifth-largest retail bank and a top ASX-60 listed company. It has a range of operations in consumer and business financial solutions, third-party banking and wealth services, and agribusiness. Wisr provides an innovative and secure platform to facilitate loans between funder investors and consumer borrowers. Anthony Nantes, Chief Executive […]
Aussie fintech startup wins Barclays’ global Open Innovation Challenge 2018
Aussie trade financing deep technology startup, Trade Ledger, has finished ahead of nine other VC-backed companies from across the world to be named the winner of the Barclays UK Ventures Open Innovation Challenge 2018 in London this week. The ten finalists were hand-picked by Barclays due to their potential to offer game-changing business solutions across a variety of industries, however Trade Ledger came out on top because of the way it completely transforms processes in business lending, through its world-first technology platform. “Within Barclays UK Ventures, we’re looking for companies we can partner with to develop and deliver transformational products and services,” said Ben Davey, CEO of Barclays UK Ventures. “We chose Trade Ledger […]
Neo-lender Wisr’s loan origination growth
Neo-lender Wisr Limited (ASX: WZR) is pleased to report on its strengthening personal loan lending portfolio and credit quality position, as at 31 March 2018. The Company’s origination of personal loans grew by 42% in FY18 Q3 when compared with the previous quarter. This was the Company’s largest quarter in loan originations since Wisr, formerly known as DirectMoney, began in 2014. This continues the Company’s significant loan origination growth in FY 18, with loan originations growing quarter-on-quarter by 20% (FY18 Q1) and 79% (FY18 Q2). In the period since Wisr announced a significant restructure in 2016 – which included a new Chairman, new CEO, key executives and business direction – […]
Are you a FinTech Mover & Shaker?
Late last year, Australian FinTech launched Australia FinTech Jobs – the only dedicated employment platform for the growing FinTech industry in Australia. Since then over 200 roles have been posted on Australia FinTech Jobs by more than 75 FinTech companies and recruitment firms. Each month these jobs are viewed by over 10,000 unique users with more than 1,000 candidates registered on the site so far. As part of our expansion plans for Australian FinTech Jobs, we’ve launched a new ‘Fintech Movers & Shakers’ feature where we’ll be sharing all the hirings, promotions and appointments on social media. But we need your help! So if you’re a FinTech Mover & Shaker […]
Fintech predicts consumer behaviour change from Royal Commission
Sydney fintech company CashDeck is predicting that the Royal Commission will create a permanent shift in consumer behaviour and have redirected their strategy and development resources to assist firms deal with the change. The company has developed Credit Ready, the financial equivalent of a Fitbit Fitness Tracker to help users stay on top of their finances. Owen Joyce, Chief Commercial Officer at CashDeck, suggests that the Royal Commission will result in a more financially literate consumer. “The sector isn’t waiting for the end of the commission, change is happening already. Look at how quickly the banks responded to the Living Expenses spotlight” he said, referring to the updating of policies […]
Bentleys selects BGL’s CAS 360 and Simple Fund 360
BGL Corporate Solutions, Australia’s leading supplier of SMSF administration and ASIC corporate compliance solutions is pleased to announce that Bentleys Chartered Accountants & Business Advisors has chosen CAS 360 and Simple Fund 360 as their ASIC corporate compliance and SMSF administration. “We conducted an extensive review of all the products in the marketplace” said Robin Allardice, Director Bentley’s Tasmania, “And BGL were the clear technology leaders. BGL has been a long term software solution supplier to Bentleys. It is a brand we trust for its honesty and integrity but also its long term market leadership in technology and innovation”. “It’s great to have Bentley’s on board” says BGL Managing Director […]
Six Park partners with Heffron to launch transparent, low-cost SMSF solution
Automated investment provider Six Park has today announced it has partnered with leading independent self-managed super fund (SMSF) administration provider Heffron to offer a transparent, low-cost, digitally driven, end-to-end SMSF service. The partnership allows SMSF trustees to establish an SMSF and take advantage of robo-advice for their fund, with Heffron managing the compliance and Six Park managing the investments. Six Park CEO, Patrick Garrett, said that while there will always be a place for traditional advice, the solution offers a unique value-for-money proposition for trustees and a lower prospective entry point to set up an SMSF. “Digital technology and automation are disrupting the wealth industry not because they’re new but […]
Ignition Wealth demonstrates information security commitment
Ignition Wealth’s recent ISO/IEC27001:2013 certification evidences the firm’s advanced information security practices. “The current financial services news cycle has data security at the front of client’s minds. Ignition Wealth is an international business entrusted with our client’s customers’ and members’ financial data. The security of that data is paramount to our bank grade clientele,” said Mark Fordree, Group CEO, Ignition Wealth. Information security has been an essential priority for Ignition Wealth since the firm’s inception. To ensure the safety of our client data confidentiality, integrity and availability we maintain a multi-step risk management process. Ignition Wealth’s information security management system (ISMS) operates to the ISO/IEC’s ISO27001 standards. In response to […]
