CBA eyes collaboration with fintech companies in Asia and Europe
Kelly Bayer Rosmarin, CBA’s (CBA) Group Executive, Institutional Banking and Markets, said the Hong Kong and London labs highlighted the banks’ global approach to innovation that connected customers, employees and start-up communities to the latest fintech developments. “Hong Kong’s highly developed financial sector, strong entrepreneurial culture and proximity to China makes it the optimal location for us to establish an innovation presence in Asia,” she said in a statement. “The Hong Kong Lab will allow us to partner with the brightest minds across the city’s accelerator, government, university, start-up and fintech communities to further develop creative and innovative solutions for our clients.” Speaking in Hong Kong at the opening ceremony […]
The Australian FinTech Ecosystem’s Growth is Breathtaking
Here’s a great article and infographic that has been written by Lets talk Payments. It is always nice to get an outsiders view of a market, especially when it’s as positive as this one. Continuing our world FinTech haul after looking at London, New York, Hong Kong, Singapore and other international FinTech hubs, we decided to take a closer look at the Australian FinTech ecosystem. Recently, Aussie banks and investors have demonstrated a passionate interest in exploring opportunities with FinTech, which worth taking into consideration if you are looking for international expansion. Source: The Australian FinTech Ecosystem’s Growth is Breathtaking | Let’s Talk Payments
Ken Henry says NAB has strong capital and is ready to embrace fintech future
“If digital innovation leads to more efficient ways of achieving credit intermediation, we are in a strong position to embrace those new efficiencies. Maybe the whole sector becomes more efficient. If it does, our customers will benefit. “The establishment of NAB Labs, an innovation lab in Melbourne, and NAB Ventures, a corporate investment fund to invest in start-ups, aims to imbed an innovation culture across the bank, Dr Henry said, while also providing access to cutting edge ideas where they are emerging globally. “We are not sitting on hands here. We see [fintech] as both interesting, and an opportunity for us to do what we currently do better and for […]
Innovation – NSW innovation minister says he will deliver three things the startup community is pleading for
He says one of the flagship policies of the state government last year was the establishment of a “world first” government data analytics centre facilitating data sharing between government agencies and allowing for the analysis of the effectiveness of policies. Dominello says the better use of public data can also assist with one of the booming startup sectors in the state: fintech. With Stone & Chalk and the Tyro co-working space, Sydney is leading the way with fintech startups, and Dominello wants it to stay that way. “We’re already the centre in south-easy Asia for banking and finance, so the fintech sector in particular is very, very strong,” he says. […]
New fintech platform to ‘take business from brokers’
A former major bank executive will launch a new fintech business this year to compete directly with the third-party channel on prime mortgages. Mark Bevan, who spent 25 years at CBA and six with Westpac, is the co-founder of Joust, an online platform that allows lenders to compete for home loan deals through a live digital auction process. The platform involves a panel of lenders bidding (or jousting) to be the provider of a customer’s home loan. The Adelaide-based fintech business aims to target prime mortgage customers with good credit ratings, good jobs and equity in their homes. Source: New fintech platform to ‘take business from brokers’ – Mortgage Business
Legal matters – It’s not optional to understand the laws and regulations, fintech founder says
Fintech founders need to ensure they have strong knowledge of the various laws and regulations in the sector before launching, InvoiceX co-founder Dermot Crean says. Source: Legal matters – It’s not optional to understand the laws and regulations, fintech founder says
Fiserv and Alpha Payments Cloud Partner on Cost Effective Solution to Connect to Real-Time Payments in Australia – Press Release
Alpha Payments Cloud, a global leader in providing third party payment, risk and commerce solution access to international banks and merchants, has today announced a partnership with Fiserv, Inc., a leading global provider of financial services technology solutions. The partnership will provide Australian banks with a simpler and faster way to process payments in Australia while also generating significantly more value through the addition of overlay services through the AlphaHub Payments as a Service platform. The AlphaHub introduces Australian banks to an entirely new middleware layer that provides frictionless access to overlay services instantly, significantly speeding up the introduction of new functionalities. Accessing these new functionalities through the AlphaHub’s considerable […]
Growth – Why the Australian fintech community is much more than just Sydney and Melbourne
The efforts to create a national fintech association have so far largely occurred as a result of fintech organisations from Sydney and Fintech Melbourne. But while the majority of fintech startups are based within these two cities, it’s easy to forget that many interesting and successful startup companies have been launched in cities around Australia. Atlassian for instance, is Australia’s biggest recent startup success and was launched in Brisbane. As the formation of the national fintech association continues to gather pace, it will be important to remember the rapidly growing communities outside of Sydney and Melbourne. With the end of the mining boom Australia is seeking other industries to fuel […]
