Australians rush to check credit scores amid pandemic
Emerging fintech Credit Savvy found 614,000 people checked their credit scores between March and August 2020, a 36% increase on the same period in 2019.
Independent Reserve adds Perth Mint Gold Token as the rush on precious metals continues
Leading cryptocurrency exchange Independent Reserve, announce the addition of Perth Mint Gold Token, issued by commodities digitisation company, InfiniGold.
Rush to digitisation will see fintech sector flourish post-Covid-19
A new report suggests that the current crisis could ultimately end up benefiting the fintech industry by accelerating the rush to digitisation.
Gift a precious metal? Fintech Sendgold ready for rush
On Thursday evening Sendgold closed out an equity crowdfunding raise of more than $530,000 via Birchal to expand its sales and marketing efforts.
The ‘neo-banks’ that Australians are rushing to join
Two new neo-banks promising to shake up the way we manage our finances have burst into Australia’s otherwise stagnant banking market.
Fintech gold rush tipped as KPMG finds Australian investment hit $842m in 2018
Big four professional services firm KPMG has tipped even more funding will come for Australian fintech players in the wake of new open banking rules and the banking royal commission, despite a huge rise in deals taking spending to $US600 million ($842 million) in 2018. In new local figures derived from its biannual global Pulse of Fintech study, KPMG said deals in the local sector picked up last year, following a drop-off in 2017, when capital raisings, acquisitions and IPOs had fallen to $US200 million. The report found that globally a record $US111.8 billion was invested in fintech firms in 2018, with Asian funding reached a new high of $US22.7 […]
The data rush is on as start-ups get set for open banking
Paul Chapman believes banking is only going to get more complex. “We like to say Japan is living in the future,” he says. “People have a very fragmented life with three to four banks and several different financial products. There is so much complexity and we think that is happening in Australia.” The Australian co-founder of financial management app Moneytree, which is based in Japan and launched in Australia last year, is one of a number of start-ups jostling for position as the government looks to introduce open banking to Australia. Speaking to Fairfax Media on the sidelines of the Salesforce World Tour in Sydney this month, he said open […]
