Sydney fintech HashChing just digitised conveyancing
Online mortgage marketplace HashChing has announced a new partnership for digital conveyancing. The Sydney fintech is now offering the services of electronic conveyancing marketplace Titlexchange, with the pilot limited to Victoria for now before a general rollout later. HashChing chief information officer Atul Narang said that the legal paperwork can be a bottleneck in the traditional home purchase process. “Borrowers are at the mercy of conveyancers, who can sometimes drag the process out unnecessarily and worse – charge more for their own delay,” he said. The integration into the HashChing platform allows users to access fixed-price conveyancing through Titlexchange without having to go offline to provide ID and personal data. […]
Meet the world’s first instant home loan: Tic:Toc
Australian fintech Tic:Toc, today announced the launch of its world first online instant home loan platform, offering eligible customers full home loan approval in just 22 minutes. Tic:Toc, an Australian online lending platform, uses a digital decisioning system to assess and approve a customers’ online application in real-time, without the need for a human credit assessor. This allows Tic:Toc to radically improve turnaround times from the typical 22 days to just 22 minutes, as well as pass on the cost savings of digitisation to the customer via competitive interest rates and no application, settlement or valuation fees. By delivering the first genuinely online and fully automated home loan, Tic:Toc hopes […]
Lendi breaks the fintech mould
It’s arguably one of the oldest fintech start-ups in Australia and is now likely to play an important role in guiding the fortunes of Fairfax’s real estate business Domain. However, Sydney-based Lendi isn’t keen on the oft-repeated disrupter tag. Company co-founder and managing director David Hyman told The Australian the idea behind the start-up was to untangle the vast volume of data home buyers have at their fingertips when it comes to getting a mortgage. According to Mr Hyman, while there’s a lot of information out there for existing and aspiring home owners the overall process of getting a mortgage remains grossly overcomplicated. “The experience is poor,” Mr Hyman said. […]
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 […]
Blockchain applications rolling out in financial markets
The blockchain gives investors transparency over loan-level data, asset provenance, payment history, loan terms and the quality of underlying security.
Most loans to be sourced digitally ‘within 10 years’, says fintech
A web-based brokerage has predicted that “within five to 10 years” most home loans will be sourced through digital platforms. Re-iterating what he told The Adviser in May, the founder and CEO of online brokerage uno. has predicted that there is “huge potential” for digital broking in the future, despite digital mortgage origination currently representing less than 3 per cent of the mortgage market. Vincent Turner highlighted research undertaken by financial services firm Deloitte in 2016 for the Mortgage and Finance Association of Australia, which found that 27 per cent of broker customers and 34 per cent of direct-to-lender customers would consider making digital mortgage applications, as testament to this […]
ALI Group in lead generation agreement with fintech
Loan protection specialist ALI Group has partnered with HashChing to provide mortgage brokers with access to a consistent source of new leads. The partnership will now provide ALI authorised mortgage brokers the opportunity to use their ALI reward points to access HashChing leads and client tools. “We’re excited to partner with HashChing to help brokers build their business. We’re committed to supporting broker businesses and helping them access leads and new clients is a very direct way of doing this,” ALI Group CEO Huy Truong said. “We will continue to add similar products/services to the ALI Rewards Program over the coming month,” he said. HashChing is a lead generation platform […]
Fintech to help consumers be their own broker
A new platform is soon to be launched that uses technology instead of a mortgage broker to help consumers find the right home loan. The fintech, Hero BroKer, aims to give back to the consumer by giving them access to the complete home loan application process. “By providing the right tools and technology to the borrower, we let them control their finances so they’re not reliant on a broker. They effectively become their own broker,” Clint Howen, founder of Hero BroKer told Australian Broker. The Hero BroKer model is similar to other tech players such as Airbnb, Howen said. “Airbnb looked at a sea of houses. They built a platform […]
