Growth, diversification, consolidation: AltFi Summit 2018 leaders offer their predictions
Fintech leaders from across the globe are converging for the AltFi Australasia Summit in April, to discuss the most urgent issues and trends impacting growth, diversification, and consolidation in the global alternative finance industry in 2018. Keynotes, panellists and sponsors will include alternative lending firms, digital banks, industry influencers and regulatory representatives, such as OnDeck, KPMG, Ratesetter, NowFinance, Equifax, Macquarie Capital, NAB, Moula, MoneyPlace, Credible, BGA Digital, Moneycatcha, Creditease, Othera, Liberty Home Loans, uno Home Loans, and FinTech Australia. It will be the third year the Summit has run in Sydney, amassing each yeah an ever-larger following of loyal attendees. Event owner, Glenn Hodgeman, believes momentum has built so strongly […]
Verrency emphasizes commitment to Fintech partners with new partnership arm and leadership appointments
Australian global payments platform Verrency has appointed two experienced entrepreneurs and venture capitalists to drive its partnership strategy to ensure fintech partners and financial institutions get the best value from the API platform. Eddie Wilson and AJ Milne have been named to lead V+, the official partnership arm of Verrency. V+ is designed to leverage Verrency’s behind-the-scenes, enterprise-grade, curated-API platform to generate opportunities for payment-enabled Fintechs around the world. While Verrency has already begun signing up Fintech partners over the last few months, these appointments demonstrate Verrency’s clear commitment to bringing the best of Fintechs to financial institutions. Wilson has been immersed in the emerging business community for many years. […]
Australian Fintech, Forecast for 2020
Telecoms Market Reports has been published today new report. It provides updated in 2018 year analysis of Telecoms and Computing Industries. Australian FinTech revenue will grow at a CAGR of 76.3% and exceed A$4 billion by 2020, driven by reduced taxes on investments in startups, steady increase in mobile payments, and rise of Tech-savy digital natives. The Australian Fintech Sector generated A$247.2 million in 2015. Sharp growth in the Fintech market in 2016 and 2017, followed by steady increases through to 2020, is likely spur growth. This research defines the Australian FinTech sector as comprising three market segments: digital payments, personal and business finance, financial infrastructure and data analysis. Each […]
TruePillars launches innovative automatic investment capability
TruePillars, the online marketplace lender allowing everyday Australians to part fund loans to small businesses, today announced the launch of their automated investment capability, AutoInvest. AutoInvest is their new automated investment tool and the next chapter in a long line of innovations added to their 100% owned technology platform. The tool, which they believe is a unique innovation in Australian marketplace lending, offers investors the opportunity to establish standing investment instructions in accordance with their specific individual requirements. These instructions will then be automatically executed by the TruePillars platform without the investor having to log into the system, subject to the investor having sufficient funds available. “This innovation was driven […]
Bitcoin is safe, sustainable and here to stay
“Tulips”, “Ponzi scheme”, “fraud”, “only used by criminals and drug dealers’” have been some of the descriptions of Bitcoin in the past few weeks. Whether or not “fake news” is driving the price, the mystique of Bitcoin is enhanced by the fact that its “true” value cannot be determined using traditional financial analytical techniques. That mystique, however, does not justify the gulf between the bad press and what the facts show. For instance, former ASX boss Elmer Funke Kupper’s imputation that Bitcoin is “trade in drugs and other illegal products” drew instant scorn from Marco Santori, a regulatory expert and adviser to the International Monetary Fund at Cooley, a New York law firm. […]
Collaboration with industry and regulators key to enhancing RegTech innovation
Industry delegates gathered at a high-level event in Singapore on the 16th of November, calling for financial institutions and regulators to work more collaboratively with start-ups to enhance RegTech innovation across the region. Hosted by Deloitte, Austrade and The RegTech Association, the event was held as part of Singapore’s inaugural FinTech Festival, and was attended by the Australian High Commissioner, the Hon. Bruce Gosper. At the event, industry influencers, government officials, tech start-ups and entrepreneurs came together to discuss strategies for driving cross-industry and cross-border collaboration, and opportunities to safeguard against financial crime with RegTech solutions. Julian Fenwick, Chair of The RegTech Association and Managing Director of GRC Solutions, a […]
We auction our home, clothes, art, cars – so why not auction our own money?
Fintech startup Lodex is a new competitive, auction-style loans and deposits marketplace that puts the power into the hands of the consumer. The world’s first auction-style platform allows the consumer to choose the winning lender or broker. Lodex is set to disrupt the way Australians borrow and save money by having lenders and brokers compete for their business. The auction-style platform allows consumers to anonymously share their Credit Score and the Australian-first, optional Social Score, to the marketplace and set up an auction from their smartphone in 10 minutes & watch ‘bids’ come in. This is a paradigm shift putting the consumers in the driver’s seat. Lodex, free for consumers, […]
Verrency announces Series A funding round and global expansion Innovative fintech to launch operations in US and Asia
Payments platform Verrency has announced a $US 15 million Series A funding round as it continues to expand internationally. The growth-stage fintech provides payments innovation-as-a-service that enables issuers to deliver the latest payment capabilities, fast and cost effectively, through their existing payments infrastructure. By giving consumers unprecedented flexibility and control over how they pay, Verrency’s cutting edge features ensure that their issuer’s brands are top of wallet and top of mind, driving revenue. The Australian-based startup has recently completed an oversubscribed pre-commercialisation funding round raising $US 4 million and is looking to raise a further $US 15 million to expand into key international markets. Verrency aims to close the […]
