Smartbank 86 400 passes on full rate cut on home loans
Australia’s first smartbank 86 400, has passed on the RBA’s full 0.25% p.a. rate cut to new and existing owner-occupied and investment home loan customers.
Human touch secures $14m for debt collection fintech
Debt collection agency InDebted has raised $14 million in one of the largest venture capital rounds seen in Australian fintech this year.
Australian FinTech company profile #76 – Midwinter Financial Services
Midwinter Financial Services is a leading provider of cloud-based financial advice software for the financial services industry.
Afterpay has more US customers than Australian
In its half-yearly financial results, Australian FinTech firm Afterpay reported more customers in the United States than in Australia.
Wisr applauds ASIC and ACCC support of screen-scraping technology
ASX-listed Australian fintech Wisr, applauds ASIC and ACCC guidance and endorsement on the use of “screen scraping” technologies.
BOQ unveils plans for a digital bank
The Bank of Queensland (BOQ) announced plans to become a “digital bank of the future with a personal touch,” as part of its strategy overhaul.
Digital offerings can eliminate the need for personal advice
Digital advice may provide an avenue for advisers to be able to circumvent the complex regulatory burden associated with providing compliant personal advice
Aussie fintech investment up 252%
Investment in Australia’s fintech sector “smashed previous records” last year, jumping up to $2.9 billion according to data from KPMG.
