Fintech hub Stone & Chalk names Alex Scandurra as CEO with big plans to disrupt banking
New Sydney fintech hub Stone & Chalk has appointed former army captain Alex Scandurra as its chief executive, as the location for start-ups seeking to disrupt banking prepares to open in June.About 330 entrepreneurs from 120 fintech start-ups have registered to work in the space, ensuring Stone & Chalk will open at full capacity of about 150 people and suggesting it could take up an option to double its area by expanding into a second floor at 45 Clarence Street at the northern end of the Sydney CBD. Clarence Street is shaping up as the heart of the promising fintech scene in Australia, with payments disrupter Tyro earlier this month […]
Tyro says Stone and Chalk needs competition
Tyro chief Jost Stollman, says another fintech hub, independent of bank-backed Stone and Chalk, is needed to ensure new bank rivals don’t remain “rounding errors”.Mr Stollman has dubbed Sydney’s Clarence Street “Fintech Alley” since he opened Tyro’s FinTechHub at 155 on Wednesday, just down the way from bank-backed hub Stone and Chalk at number 45 – the same building as eBay and its subsidiary PayPal.Tyro was one of the first payments challengers to the banks when it started a decade ago, but it remains the only so-called card acquirer – meaning it processes card payments for merchants as well as rolling out its own terminals – that is not a […]
High time to find out what you’re missing out on
If you’re being ripped off by banks and other financial institutions a new website, monetise.com.au, will tell you even though you may have suspected nothing.It threatens to do to comparison websites, which are being reviewed by the Australian Competition and Consumer Commission (ACCC), what Uber is doing to taxis. Source: High time to find out what you’re missing out on
Craig Dunn to chair fintech hub Stone and Chalk
Technology start-ups will be given subsidised office space by the banks they are seeking to disrupt, with a new financial technology hub to open in Sydney in May. It will provide entrepreneurs with a place to collaborate with established financial sector players and global technology giants and allowing them to access capital for growth. Source: Craig Dunn to chair fintech hub Stone and Chalk
Banks shadow box with online business lenders
Banks are courting a rash of new online lenders that have moved quicker than their giant rivals to use technology to give better deals to small businesses.Prospa has been quietly building its small business loan book for two years. It is one of several local and international players discussing mutually beneficial deals with banks that have favoured the less risky mortgage sector for years, but are looking for growth in business lending. Source: Banks shadow box with online business lenders
