FinTech

Mar
13

Prospa momentum continues as loan originations surpass $1 billion

Prospa, Australia’s number one online lender to small business, is pleased to announce its pro-forma results for H1 FY19. Total loan originations for H1 FY19 were $225 million, up 10% on the forecast of $204 million and up 44% on a pcp basis. Total loan originations for CY18 were $436 million, up 13% on the […]

By Australian FinTech | Borrowing . FinTech . Lending
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Mar
13

AI-driven lending platform won’t be the end for brokers

A new Artificial Intelligence-powered lending platform won’t be the end of human loan brokers, the technology’s creators say, because a broker’s ability to understand the intricacies of the application cannot be replicated by a machine. That’s the explanation given by Challis Capital Partners managing director Bill Salouris and Global Capital Commercial sales director Andrew West, […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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Mar
13

Asia-Pacific has a great potential to lead in Blockchain adoption

Putting all the blockchain hype into perspective, if we consider analogous examples of how revolutionary technologies have historically taken root in society – from early adoption to widespread global penetration – blockchain technology can be said to have reached the “early majority” phase. That is, the tech has begun to gain traction and spread exponentially, […]

By Reposted by Australian FinTech | Blockchain . FinTech . Payments
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Mar
13

PayPal now lets US users instantly transfer funds to bank accounts in seconds

PayPal, a longtime alternative to the direct use of cards, cash and bank transfers to make payments for goods online and in stores, is today adding a new feature to help it tap into a wider range of customers, such as gig economy workers and use cases — in competition not just against banks (and […]

By Reposted by Australian FinTech | Banking . FinTech . Payments
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Mar
13

An accountant’s guide to comparing Fintech business loans

How can you objectively compare the loan pricing metrics between the different online business lenders and make the most informed decision possible? Assisting your small business clients with finance can be challenging with so many options out there from both banks and newer alternative finance providers. As traditional lenders have tightened their credit conditions and […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending
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Mar
12

9 Spokes signs global collaboration agreement with VISA USA

9 Spokes (ASX: 9SP), the leading marketplace and insights company to small businesses, announces it has signed a global Collaboration Framework Agreement with VISA USA. This agreement provides a framework for 9 Spokes and Visa to potentially collaborate on mutual areas of interest. The agreement itself does not infer any commercial benefits or obligations on […]

By Australian FinTech | FinTech
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Mar
12

Digital bank Volt eyes business customers as fintechs chase data

Neobank Volt has small business in its sights as it develops data-driven products, acknowledging that startup founders are the most likely to take up digital banking options first. The startup, which secured a fully fledged banking licence in January and is preparing to launch a consumer offer in coming months, joins other financial technology firms […]

By Reposted by Australian FinTech | Banking . FinTech
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Mar
12

Aussie online investors grow in Q4, despite volatile markets

Despite a relatively volatile market towards the end of 2018, online traders in Australia were not deterred, leading to an uptick in the population of online investors in the second half of 2018, according to the 2018 2H Online Broking Report by Investment Trends. Specifically, for the six months to December of 2018, the population […]

By Reposted by Australian FinTech | ASX . FinTech . Investing
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