Search Result: volt

Jun
24

Inside the war on the big four banks

Neobank start-ups will refrain from tearing each other down to train their guns on the juicy target of the big four banks.

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Jun
19

A look at emerging trend of Neobanks in Australia

A Neobank is a completely digital bank that is created to work on digital and mobile platforms. Neobanks in Australia include Xinja, Archa, 86 400 & Up.

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Jun
13

Is 2019 still the year of the neobank?

For all the activity going on in the market, there’s still no fully independent neobank offering banking services to the public.

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UK fintech Revolut launches in Australia

Revolut opened a beta version of its local app on Thursday, with nearly 20,000 Australians on its waiting list simply, the firm says, from word of mouth.

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Jun
12

Verrency completes $10 million Series A raise

Australian payment innovation company, Verrency, closes a $10 million Series A funding round, bringing total investment in the company to over $20 million

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Apr
12

Australian FinTech company profile #5 – SavR

Company Name: SavR Website: www.savr.online Key Staff & Titles: Tim O'Shea - CEO, Costas Aletrari - CTO, Kevin Lacey - COO Location(s): Brisbane, Australia and Kansas City, USA In one sentence, what does your fintech do?: An Automated savings App to help people Plan, Savr FOR and Save ON their next Vacation How / why did you start your fintech company?: My career in the Finance industry has centred around helping people improve their lives by better managing their money. Our app was originally designed to help people reduce debt faster, but our users constantly requested help with saving for a Vacation. With all the other financial noise most people […]
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Apr
11

KPMG: Australia’s AltFin sector worth $1B

KPMG, an advisory and audit company, has released numbers that say Australia has a 32 percent share of the APAC alternative finance market, according to reports. The market has grown 88 percent year over year and it’s worth a total of $1 billion, the company said. This news comes in advance of the fourth edition of the AltFi Australasia Summit, which will take place in Sydney at the Doltone House on April 15. “This is the perfect time for challenger banks to enter the market. Through the use of technology and data we can provide our customers with greater control and transparency, and competitive rates,” said Volt Bank Co-Founder and […]

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Apr
11

Unique marketplace driving alternative finance

The fourth annual AltFi Australasia Summit is approaching, with alternative finance leaders convening to discuss the future of the industry on 15 April. “Alternative lenders are currently facing a unique convergence of market happenings: reduced trust in traditional lenders, the upcoming shift to open banking, and the impending introduction of comprehensive credit reporting,” said the global CEO of alternative lender OnDeck, Noah Breslow. The 2018 Deloitte Trust Index for Banking revealed that less than half of Australians trust that their personal bank will keep its promises, and only 36% feel that their bank has their best interests at heart.  According to Breslow, “This has created an opportunity to capture an […]

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