Banking

Stone & Chalk rides the fintech disruption wave

The launch for fintech hub Stone & Chalk was oversubscribed. By 7pm, 500 people had descended on the party, donning coloured T-shirts to signal where they belonged. Red T-shirts designated institutional sponsors, green was for resident start-ups, charcoal for friends, blue for government and pink for media (funny). The happiest people wore green. The 120 […]

By Australian FinTech | Banking . FinTech . Investing . Sydney FinTech . Venture Capital
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Oct
15

FinTech changing the landscape

The emerging world of financial technology, or fintech, is having an impact on everything from the way new products are funded through to the culture and practices of major banks and financial institutions. According to Simon Cant, co-founder and co-managing director of venture capital player Reinventure Group, fintech is basically anything providing some version of […]

By Australian FinTech | Banking . Borrowing . FinTech . Peer-to-Peer
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Oct
08

Preference for digital payments makes Australian banking ripe for fintech disrupters

Australian consumers’ love of contactless payments has helped push the country up global rankings that measure the use of non-cash payments across the world. Australia had the fourth-highest number of non-cash payments per person in the world, the report by consultancy Capgemini and bank RBS said. There were more than 300 non-cash transactions per person […]

By Australian FinTech | Banking . FinTech . Payments
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Oct
07

Fintechs furthest thing for some SMEs’ minds | The Australian

The challenge for companies seeking to disrupt the banking sector’s bulging profits has been laid bare by research showing more than a third of small businesses can’t name a single “fintech” brand. “It is abundantly clear that businesses across the board not only want, but need additional business banking service,” said Martin Smith, head of […]

By Australian FinTech | Banking . FinTech
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Oct
06

Australia as a fintech hub must have global focus to stand a chance

Australia’s hopes of becoming a hub for technology-based finance firms could be “stillborn” if local rules do not encourage the new wave of start-ups to have an international focus, says the global head of financial services at PricewaterhouseCoopers. With the federal government signalling support for technology-based industries, a prime area with growth potential is the […]

By Australian FinTech | Banking . FinTech
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Oct
02

Why Fintech Is The Most Important Industry Right Now

This is a fantastic article on Australian FinTech. And it’s also great information to pass onto those who don’t understand what FinTech is and are unaware of how they can benefit from using Australian FinTech products. Fintech is beginning to disrupt the financial world as we know it. The financial industry is now more focused […]

By Australian FinTech | Banking . FinTech . Robo-Advice
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Sep
30

Banks V Bitcoin

Michael Pascoe raises some interesting ideas in this short segment about why the banks are interested in ensuring they don’t do business with those that are involved in legal bitcoin businesses but turn a blind eye towards better known ‘shonks’ using their services. What are your thoughts on the banks using these tactics and do […]

By R.James | Banking . Bitcoin . Currency . FinTech . Payments
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Ex-NAB MD launches fintech disruptor to take on majors

An ex-NAB managing director has launched a new fintech disruptor to take on the major banks, which he says could do what Aussie Home Loans did to the mortgage market in the 1990s. Officially launching on 28 September, Banjo is an online lender providing secured and unsecured loans to the 51% of SME’s who have […]

By Australian FinTech | Banking . Borrowing . FinTech
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