Banking

May
22

Think you’ve innovated? Enter the finder Awards 2018 to show ‘em what you’ve got

We’ve seen our fair share of fintech innovations over the past few years. From robo-advice to peer-to-peer (P2P) lending to Blockchain, innovation has been offered in spades within the Australian marketplace. The finder Awards 2018 celebrates excellence in local business innovation by recognising creativity and impact across key industries including banking, property, retail, travel and […]

By Australian FinTech | Banking . Blockchain . FinTech . Peer-to-Peer . Robo-Advice
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May
22

Bank limitations create opportunities for non-bank lenders

Winners and losers from new bank regulations Small and medium sized enterprises (SMEs) are the lifeblood of an economy, but given the changes to bank regulations the sector is increasingly a ‘loser’. In Australia, SMEs employ around 70% of the workforce and produce around 55% of business economic activity. However, two key changes continue to […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending . Peer-to-Peer
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May
17

Top-20 banks should be investing in disruptors, says Reinventure co-founder Simon Cant

As Reinventure announces its third $50 million fintech investment fund, co-founder and managing director Simon Cant says its important for big banks to invest in the very startups that are disrupting their industry. The latest fund brings the Westpac-backed VC firm’s total funds under management to $150 million, and follows two previous funds, which have […]

By Reposted by Australian FinTech | Banking . FinTech . Investing . Venture Capital
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May
17

Open banking already changing the UK market

The launch of “open banking” in Britain earlier this year is prompting the incumbent banks to develop new smartphone apps that give customers a holistic view of their finances. But they face newfound competition from fintechs, telcos and e-commerce giants who see the data-sharing regime as a way of becoming dominant financial services providers in […]

By Reposted by Australian FinTech | Banking . FinTech
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May
15

Westpac puts another $50 million into VC fund Reinventure

Westpac Banking Corp has triple-downed on its corporate venture capital fund Reinventure Group, investing a further $50 million into a third fund to bring its total commitment to early stage fintechs to $150 million. A week after Westpac CEO Brian Hartzer described the 20 start-up investments made by Reinventure’s first two $50 million funds as […]

By Reposted by Australian FinTech | Banking . FinTech . Investing . Venture Capital
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May
15

Three disruptive forces driving Aussie neobanks like volt, as fintech startups get serious

There are hundreds of fintechs offering financial services, from budgeting tools to financial advice to loans, but it wasn’t until last week that a start-up was authorised in Australia to offer the product sitting at the heart of banking – deposits. In a significant milestone for the local fintech scene, the Australian Prudential Regulation Authority […]

By Reposted by Australian FinTech | Banking . FinTech
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May
15

NAB looks to challenge fintech space

The big four bank has launched an unsecured, short-term small business loan and overdraft facility through the broker channel, in a bid to go “head to head” with the growing fintech market. Launched this week, NAB QuickBiz for Broker enables brokers to digitally apply for unsecured business finance for their small business clients. Brokers will […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending
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May
15

Royal commission reforms boost investor opportunities in fintech

With the banks taking a battering at the Hayne royal commission, a raft of new fintech or alternative lenders is looking to take advantage of a more competitive playing field. For generations, risk-averse banks have been able to pick and choose to which consumers and small businesses they were willing to extend credit and at […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Investing . Lending
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