Fintech100 seeks global fintech leaders
Nominations are now open for the 2019 KPMG & H2 Ventures Fintech100, which recognises leading fintech innovators from around the globe.
New neobank to list on the ASX and challenge the Big 4 ASX banks
Neobank Douugh is looking to list on the ASX, which would mean it would be the first neobank to hit the Australian Stock Exchange boards.
From devolution to revolution: re-bundling the banks
The Winners of the 2019 Fintech Business Awards have been announced
The Winners of the 2019 Fintech Business Awards have been announced. Congratulations to all the Australian fintech companies and leaders – well done! Individual categories Femtech Leader of the Year Jodi Stanton – SendGold Fintech Entrepreneur of the Year Ruth Hatherley – Moneycatcha Fintech Mentor of the Year Peta Tilse – Sophisticated Access Fintech Thought Leader of the Year Charmian Holmes – The Fold Legal Fintech Business Excellence Award (Individual) Ruth Hatherley – Moneycatcha Company categories Accounting Innovator of the Year Class Limited Compliance Innovator of the Year Advice RegTech Financial Advice Innovator of the Year Myprosperity Fintech Start-Up Business of the Year Trade Ledger Insurance Innovator of the Year […]
Borrowers switch to P2P lending for home loans
The irresponsible lending practices uncovered by the year-long inquiry by the Royal Commission on big banks seemed to have pushed borrowers to alternative lending providers, the CEO of peer-to-peer loan provider SocietyOne said. SocietyOne’s Mark Jones told Yahoo Finance that peer-to-peer loans have already gained traction in the industry. In fact, figures from the Australian Bureau of Statistics show that personal loans’ share of the lending market doubled from 14% to 28% between 2010 and 2018. Meanwhile, data from CommSec reveal that borrowing from non-bank institutions grew 10.3% in August 2018. “The reality is people trust the big four banks as secure, and they actually trust their local branch manager. […]
Why more Aussies are turning to peer-to-peer loans
The Royal Commission into the banks and financial services unveiled a series of disturbing, infuriating and unsurprising truths. Australia’s response to the findings could send tremors through the financial services sector as the search for alternatives to the incumbent providers becomes more urgent. It means peer-to-peer loans – which have already seen significant gains – could become even more prominent in the lending landscape, the CEO of peer-to-peer loan provider SocietyOne, Mark Jones believes. SocietyOne is an online peer-to-peer loan platform, connecting investors’ funds with borrowers’ needs. The majority of loans SocietyOne writes are personal loans. Speaking to Yahoo Finance, Jones said Australians have been resigned to accessing credit from […]
The finalists of the 2019 Fintech Business Awards have been announced
The finalists of the 2019 Fintech Business Awards have been announced. Congratulations and good luck to all the finalists – both individuals and companies.
Neobank Douugh wants to take HENRYs from the big four after Regional Australia Bank deal
Douugh, an Australian fintech start-up run by SocietyOne co-founder Andy Taylor, has secured the last piece of the puzzle it needed to join the race to knock off the big four banks as one of an emerging group of neobanks. The company, which has developed a so-called “smart” bank account, with an artificial intelligence-based personal finance assistant known as Sophie, has secured a wholesale banking deal with Armidale-based Regional Australia Bank, meaning it will be able to offer full bank accounts later this year. The partnership agreement means Douugh will bypass the need to go through the APRA approval process, which saw Volt Bank announced as Australia’s newest bank on […]
