Insurance

Ex Zurich Australia CEO heads up new insurtech startup, Evari

A major new start up in the insurance industry called Evari (www.evari.insure) has been announced in Australia, led by former CEO of Zurich Australia & NZ, Daniel Fogarty. Evari will provide a customer first, digital experience, that simplifies the purchase and management of business insurance and will launch in mid 2017. “At Evari we are using technology to create a great customer experience and solve challenges that SMEs face when buying their insurance”, Daniel said. “I know first-hand the challenges that incumbents have trying to get innovation into the insurance process, and I firmly believe there is a better way of servicing the needs of small businesses”. With co-founders from […]

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Midwinter adds Omnium to its Fintech Ecosystem

Midwinter has announced the completion of its integration between AdviceOS and Ominum’s OmniLife. This allows the real-time flow of insurance premium product data from OmniLife into the AdviceOS Fact Find, Client Portal and Statement of Advice generator. It also allows client data from AdviceOS to be pre-populated into OmniLife, ensuring a synchronised connection between the two solutions. Midwinter has been forthright in their philosophy regarding open architecture software, believing that advisers of today need software systems that can speak to each other. This allows for freedom of choice as well as eliminating the double entry of data across multiple systems. Stressing this point, Managing Director of Midwinter Julian Plummer said […]

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NRMA Business Insurance partners with Prospa to lend a hand to small business owners

With cash flow and financial responsibilities being two of the most common things keeping business owners awake at night, NRMA Business Insurance has entered into a pilot partnership with small business lender Prospa to offer customers a faster, simpler finance solution.   Prospa is an online small business lender and one of the fastest growing technology businesses in the country. It offers small business owners the flexibility and ease of accessing business loans between $5,000 to $250,000 online, with approval within a day.   Through the partnership, NRMA Business Insurance customers can now access Prospa’s lending services alongside other benefits offered by the insurer, such as free online tax and […]

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Feb
27

Fintech Business Awards winners revealed

The winners of Momentum Media’s Fintech Business Awards 2017 have been announced, acknowledging the achievements of the industry’s leading lights. The premier awards night for the fintech industry, the Fintech Business Awards is dedicated to celebrating the accomplishments of the disruptive businesses and innovators reshaping the way Australians access financial services. This year, Daniel Foggo of RateSetter Australia was recognised with the Fintech Business Excellence Award for individuals, beating out the other individual winners awarded at the event, with financial planning software firm Midwinter taking out the Fintech Business Excellence Award for companies. Over 300 nominations were received for the 18 awards, with the winners selected by a panel of […]

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Feb
16

Flamingo selected as finalist in MetLife’s Start-up Match-making Program

Cre8tek Limited is pleased to announce that Flamingo Ventures Pty Ltd has been named as one of eight finalists for LumenLab’s inaugural tech matchmaking program collab, following an intensive selection process.   LumenLab is MetLife’s Singapore based innovation centre and launched collab in November 2016 by inviting applications from innovators who could help tackle problems and provide solutions in the areas of customer engagement, claims process, insurance business model and the sales process.   As a finalist, Flamingo will prepare over the next 12 weeks to compete for the opportunity to win a USD$100,000 contract to pilot its idea within MetLife Asia. All eight finalists will present their business pitch […]

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Feb
14

Dart aims for a United States of Fintech

Australian tech entrepreneurs have launched a new digital home for the global fintech community, providing an agnostic platform that founders hope will one day become the seat for an inclusive and encyclopaedic fintech commonwealth. Founder and CEO, Cameron Dart, told AB+F that the International FinTech platform, combines a web portal and directory to meet growing demand from the global community to have a dedicated, online and natively fintech presence for a sector that transcends borders. “We like to think of it as the beginnings of a LinkedIn for fintech,” Dart said. This week’s launch, built on the back of the original Australian FinTech, already encompasses more than 1,000 global fintech companies […]

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Feb
13

Fintech disruptors hurting established players

As trends go, financial technology is a beauty. The prospect of nimble “fintech” ventures disrupting financial-service incumbents has whet investor appetites. An Australian fintech sector is rapidly emerging. Fintech has been a boom sector in the United States and United Kingdom as technology-based companies, with their capital-light business models, nibble at the market share of large firms. It happened in print media, publishing, music and education. Now the same trend, where new firms offer financial products and services using online platforms, is disrupting parts of banking, wealth management, insurance, payments, accounting and foreign exchange. There is, of course, much hype about fintech. But the financial-services sector looks a prime target […]

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Mint Payments successfully completes $6m placement

Payments technology solutions provider Mint Payments (ASX: MNW) has successfully completed a placement of new shares to drive its aggressive expansion into South East Asia’s evolving payments landscape.   The placement will be made pursuant to s708 (11) of the Corporations Act 2001, to raise $6.0M. Priced at $0.079 per share, the Placement represents a 3.7% discount to the last traded price of $0.082 per share.   The capital raising will be undertaken in two tranches: a) Tranche 1 – comprising 50.6M shares, raising $4.0M pursuant to the Company’s existing 15% capital issue limit under ASX Listing Rule 7.1 ; and b) Tranche 2 – comprising 25.3M shares, raising $2.0M. […]

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