FinTech

Dec
18

Fintech revolution a bank threat

Bank bashing is an old sport usually practised by external critics, but 2016 could be the year when big banks discover that their greatest threat comes from within – something that should concern bank shareholders as much as employees. Technology lies at the heart of what’s happening in the banking world; and some of the […]

By Australian FinTech | Banking . FinTech
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Dec
17

Australia is fast becoming a top source of fintech funding

Despite opportunities lost and having a relatively smaller fintech market than that of the US and the UK, Australia remains a top source of funding for financial technology companies. Last week, Australia’s biggest finance firm Atlassian debuted on Nasdaq, causing somewhat of a heartbreak to the local fintech market as its road to becoming a […]

By Australian FinTech | FinTech . Investing . Venture Capital
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Dec
17

Auswide Bank lends $60m, takes 20pc in MoneyPlace

Auswide Bank is offering $60 million in personal loans over five years via fledgling peer-to-peer lender MoneyPlace along with a 20 per cent stake in the start-up to boost its personal loans to younger borrowers. Martin Barrett, the managing director of the small, listed Queensland bank, which has a loan book of about $2.4 billion, […]

By Australian FinTech | Banking . Borrowing . FinTech . Investing
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Dec
16

Ellerston Capital plans VC fund to target disruptive technologies

The Ashok Jacob-chaired Ellerston Capital plans to raise tens of millions of dollars early next year for a new venture capital fund, to be known as Ellerston Ventures, which will invest in ­disruptive technologies. Ellerston — which has more than $4 billion under management and runs eight funds ­including a new Asian listed investment company […]

By Australian FinTech | FinTech . Investing . Venture Capital
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Dec
16

Big banks opt for Android over Apple Pay

Australian banks have snubbed Apple in favour of Google as six declared on Tuesday they will go with Android Pay in the first half of 2016, while Apple is salvaging its bid to grab a share of the banks’ dwindling merchant card fees. The deal with Google, announced in a blog post by director, product […]

By Australian FinTech | Banking . FinTech . Payments
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Dec
16

RBA governor Glenn Stevens backs blockchain and tech disruptors

The blockchain technology that underpins controversial crypto-currency bitcoin could bring significant benefits to the global banking system, Reserve Bank of Australia governor Glenn Stevens said. Speaking in his regular year-end interview with The Australian Financial Review, Mr Stevens said it was important for banks to figure out how the technology could be used to create […]

By Australian FinTech | Banking . Bitcoin . FinTech
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Dec
15

More Aussie funds available for fintech start-ups

Australian fintechs say despite Atlassian choosing Nasdaq to make its $8 billion raising, Australia is becoming one of the biggest sources of funding for them with Prime Minister Malcolm Turnbull an important catalyst. “This is our fourth year. Four years ago we talked to a number of Australian investment groups and there was very limited […]

By Australian FinTech | FinTech . Investing . Venture Capital
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Dec
15

Fintech 100 – Australian FinTech companies to watch

Congratulations to the following seven Australian FinTech companies who made the Fintech 100 and were nominated as “Ones to Watch”: Avoka Equitise Metamako Moula PromisePay Simply Wall St Stockspot Well done to you all and we look forward to following your success over the coming years!

By Cameron Dart | FinTech
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