Insurance

Jun
28

Insurance solutions lead Australia’s adoption of fintech

Current global adoption levels for insurance fintech solutions are standing at an all-time 24 per cent with Australia recording a higher than average interest due to the upswing in telematics and wearable technologies, according to the EY Fintech Adoption Index. While money transfers and payments services still lead the fintech charge with an adoption rate of 50 per cent in 2017, insurance has come in a surprise second with a 24 per cent global adoption rate. The adoption level for insurance fintech services in Australia stands at four per cent higher than the global average (29 per cent), linked to the upswing of personalised wearables with in-built abilities which allow […]

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Jun
27

Australians embrace FinTech as adoption rates double in just 18 months

Digitally active Australian consumers are embracing FinTech at a rapid pace, with Australia now ranked fifth highest in FinTech adoption among 20 markets surveyed globally, according to the latest EY FinTech Adoption Index. China has the highest level of FinTech adoption globally at 69%, followed by India (52%), the UK (42%) and Brazil (40%), with Australia (37%) rounding out the top five. The study, based on 22,000 online interviews with digitally active consumers across 20 markets, including Australia, shows that FinTech services are poised for mainstream adoption on a global scale with an average of one in every three (33%) digitally active consumers now using FinTech. EY FinTech spokesperson, Rowan […]

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Jun
27

Winners of the 2nd Annual Australian FinTech Awards 2017

Congratulations to the winners of the 2nd Annual Australian FinTech Awards 2017. The 2nd Annual Australian FinTech Awards celebrate the achievements of the dynamic people and businesses comprising the FinTech sector. These Awards seek to recognise success in the FinTech sector in its many forms. The event was a fantastic evening of celebrating the best innovation, created by the best innovators and entrepreneurs that live and work in Australia. Here are the winners for the 2nd Annual Australian FinTech Awards 2017: FinTech Innovation in payments ZipMoney   FinTech Innovation in Wealth Management (Robo-Advice) Pocketbook   FinTech Innovation in Lending Tyro Payments   Best FinTech Communications Campaign BRICKX   Best Research […]

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Jun
21

The finalists for the 2nd Annual Australian FinTech Awards 2017

The 2nd Annual Australian FinTech Awards 2017 celebrate the achievements of the dynamic people and businesses comprising the FinTech sector. These Awards seek to recognise success in the FinTech sector in its many forms. This event will be an evening of celebrating the best innovation, created by the best innovators and entrepreneurs that live and work in Australia. Here are the finalists for the 2nd Annual Australian FinTech Awards 2017 to be held Thursday 22 June in Sydney: FinTech Innovation in payments Tyro Payments ZipMoney Afterpay   FinTech Innovation in Wealth Management (Robo-Advice) Acorns Grow Australia Six Park Pocketbook   FinTech Innovation in Lending SocietyOne MoneyMe Financial Group Tyro Payments […]

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Jun
12

Inside the multibillion dollar battle for Millennials’ super

Something hilarious has been appearing in the Facebook feeds of thousands of millennial-aged Australians lately. In a video, “Clancy Overall” and “Errol Parker”, two characters from “Australia’s oldest newspaper” the satirical site The Betoota Advocate, talk up “some financial start-up from down south” that allows you to “grab your superannuation by the balls” and invest in things such as “greenie bullsh-t”. The company they were plugging, Grow Super, is the latest participant in the most fascinating battle unfolding in Australia’s $2.3 trillion retirement industry: the fight for control of the Millennial generation’s wealth. Its rivals include Spaceship, the tech-focused super product backed by a string of start-up luminaries including Atlassian’s […]

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May
31

The 2nd Annual FinTech Awards 2017

The 2nd Annual FinTech Awards 2017 celebrate the achievements of the dynamic people and businesses comprising the FinTech sector. These Awards seek to recognise success in the FinTech sector in its many forms. This event will be an evening of celebrating the best innovation, created by the best innovators and entrepreneurs that live and work in Australia. Australian FinTech is proud to be a media partner for the 2nd Annual FinTech Awards 2017 to be held in Sydney on 22nd June 2017. Australian FinTech’s CEO and Co-Founder, Cameron Dart, recently named as one of the Top 25 Influencers of FinTech in Australia, is honoured to be one of the judges […]

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May
25

Winners at The Finnies!

Congratulations to those Australian Fintech companies and their fearless leaders who won awards last night at the inaugural Finnies Fintech Awards:   Female Fintech Leader of the Year: Emma Weston, AgriDigital Co-Founder & CEO   Joint Male Fintech Leaders of the Year: Greg Moshal & Beau Bertoli, Prospa Co-Founders   Fintech Organisation of the Year: Afterpay   Emerging Fintech Leader of the Year: Emma Weston, AgriDigital Co-Founder & CEO   Emerging Fintech Organisation of the Year: Spaceship   Best Fintech place to work: Prospa   Best workplace diversity: Timelio   Marketing Campaign or Brand Initiative of the Year: Equitise – Equitise Bubble   Excellence in establishing Market Presence (Australia): BrickX […]

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Trov secures AU$59 million in Series D Funding round

Trov, the technology company revolutionising insurance for the tech-empowered consumer, today announced that it has closed AU$59.44 million (US$45 million) in Series D funding led by Munich Re / HSB Ventures, bringing its total funding to just over AU$112.28 million (US$85 million). All of Trov’s Series C investors participated in the round (Oak HC/FT, Suncorp Group (ASX:SUN), Guidewire (NYSE: GWRE), and Anthemis). Also participating in the financing is one of Japan’s leading insurers, Sompo Holdings (SOMPO), who will bring Trov to Japan. The new capital will be used to bring Trov’s on-demand insurance capability to more people around the world, expand the categories of items it covers, and accelerate the […]

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