Fintech launches broker version of ‘Fitbit’
HashChing has introduced a Fitbit-like service which allows brokers to “dig deeper” into analytics, track performance and hold themselves “accountable to customers”. The upgrade is centred on a new performance analytics function that measures each broker’s personal metrics, including the number of reviews, the average response time and success rate. By allowing brokers to track their performance indicators and understand how those indicators impact overall ratings, HashChing hopes that the dashboard will act as a “powerful motivator” for brokers to improve service. Atul Narang, chief information officer of the fintech, said that the update was made in response to industry discussions around driving positive consumer outcomes in the mortgage industry. […]
Australian FinTech Launches Australia’s Only Dedicated FinTech Jobs Platform – Australian FinTech Jobs
The team behind the highly successful Australian FinTech website have soft-launched their FinTech employment marketplace platform, Australian FinTech Jobs. Founder and CEO, Cameron Dart, says AustralianFinTechJobs.com.au has been born on the back of the highly successful Australian FinTech website and growing demand from the local FinTech community to have a dedicated employment platform for the sector. AustralianFinTechJobs.com.au is Australia’s only dedicated platform for FinTech companies and Recruiters to promote FinTech, financial technology, financial services, banking, legal and IT employment opportunities in Australia. “Australian FinTech have built a new jobs startup for fintechs and startups about startups, fintechs and jobs” “When people think of ‘FinTech’ in relation to employment, they might […]
Locked out of property market? Five better places for Millennials to put money
By Clayton Howes – CEO of MoneyMe Life sucks for an aspiring property owner right now. You probably already know that the average price of a house in Australia ($656,800) is several (eight) times that of the average full-time yearly income ($78,832). You’ve probably already heard that in the past five years alone, wages have grown significantly slower (13 per cent) than house prices (41 per cent), especially if that house is in Sydney (70 per cent). It’s enough to make you want to drown your sorrows in the most expensive smashed avo and latte combo available! But honestly – enough, already. If you’re as bored as I am of […]
Could Xinja be Australia’s first neobank?
Banking startup Xinja is built solely for mobile and will target tech-savvy consumers. Fintech startup Xinja is on track to becoming Australia’s first neobank, otherwise known as a challenger bank, and has already raised close to $3 million this year. The funding will help launch 5,000 prepaid debit cards to customers before expanding its product offering to bank accounts and mortgages. Xinja will provide a banking solution for tech-savvy customers who want to be able to operate completely via their mobile phone. It will enable customers to use new accounts instantly, to see transactions in real time and to follow their money using simple virtual tools. The government announced in […]
Australia Post signs on its first businesses with its Digital ID
Online job marketplace Airtasker, credit union CUA, foreign exchange company Travelex, and Queensland Police are among the first adopters of Australia Post’s new digital identity service as it seeks to corner the local market in proving credentials when the online and physical worlds collide. The Digital ID has been under development since early 2016 and will allow people to rapidly verify their identity via their smartphone using stored biometric data and other information. The technology will allow individuals to apply for passports or mortgage by mobile and Australia Post’s executive general manager of trusted e-commerce services Andrew Walduck said it was now entering commercial use and would become a growth […]
Do fintech platforms spell the end of banking as we know it?
There are around 400 fintech companies in Australia at the moment, as a country we’re ranked fifth in the world for fintech adoption, and our use of mobile banking apps doubled in the last two years. So do emerging fintech platforms spell the end of traditional banking as we know it? According to a Swift Institute report on the API economy and digital transformation in financial services, the days of big banking aren’t over – but there are plenty of changes coming in the way we manage our finances. Collaboration is key Rather than fintech companies replacing traditional banks, it seems collaboration between the two may be the future of […]
Search for 2017 Fintech 100 innovators kicks off
Nominations are now open for the 2017 KPMG & H2 Ventures Fintech 100, the annual list designed to recognize leading fintech innovators. Visit www.fintechinnovators.com by Thursday, 31 August 2017 and nominate your company, or any fintech you think should be considered for the Fintech 100. The Fintech100, available at www.fintechinnovators.com, is compiled by fintech investment firm, H2 Ventures in collaboration with KPMG’s Global Fintech practice. The annual Fintech 100 includes both the leading 50 established fintechs, and the most intriguing 50 “emerging stars.” How to nominate and the judging process: Nominations for the Fintech 100 can be made at www.fintechinnovators.com website by Thursday, 31 August 2017. […]
CommSec founder Paul Rickard is investing in HashChing and joining its board
CommSec founder Paul Rickard and finance media figure Marty Switzer are joining the board of Australian online mortgage marketplace startup HashChing after joining in the company’s $6 million capital raising round. “The HashChing business model of connecting home loan borrowers with customer reviewed brokers and the best rates is unique, and I am excited by the investment opportunity,” said Rickard. Rickard founded the CommSec online retail stockbroking service in 1994, and served as its managing director until 2002. He also served as Commonwealth Bank’s executive general manager for payments and business tech until 2009. HashChing, which has been recently incrementally extending out from purely mortgages to services like home insurance […]
