Major banks delaying open banking
One fintech leader has suggested that the open banking delay will continue due to the major banks not wanting to face the challenge.
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.
Missed the 2018 FinTech Summit? Here’s the best recap you’ll read
Tuesday 16th October. The 5th FinTech Summit took place in Sydney. An all-star line-up of FinTech leaders and a sell-out crowd made this the best FinTech Summit yet. The topics of open banking, the rise of challenger banks, the recurring themes of raising capital and hiring talent were all debated. But the prominent themes of the day were integrity, ethics and genuine care for customers. There was a real sense of excitement in the room, with the audience recognising we are at the beginning of a new era in FinTech. Presentations by UP Bank and Xinja demonstrated the differences between a digital challenger bank and a neo bank. Using ground […]
Open banking: Refinance in 15 minutes
Open banking could see borrowers refinancing their home loans in 15 minutes, according to one panellist at a recent fintech summit. The event, held in Sydney on Tuesday (16 October), focused on how digital innovation was changing finance. The program included speakers and panel discussions on topics such as challenger brands, neo-banking and open banking. One panel session on challenger brands and neo-banks discussed the future of open banking. Panellists included CEO of VOLT bank, Steve Weston, and chief marketing officer of Athena Home Loans, Natalie Dinsdale. Athena Home Loans is still in a soft pilot phase, but Dinsdale said its “mission is to own home loans”. Other panellists were […]
Fintech Skippr scores $16m funding from fintech heavy hitters
Small business financing start-up Skippr has shrugged off concerns that the indefinitely delayed IPO of its venture-backed peer Prospa could put off investors in the sector, by attracting some of the local fintech scene’s biggest hitters to a $16 million debt and equity financing round. Pepper group co-founder and former chief executive Patrick Tuttle and SocietyOne and Douugh co-founder Andy Taylor have both invested in the round, which is comprised of $1 million in equity from high net worth investors, and $15 million in debt. Skippr was founded two-and-a-half years ago by former NAB senior corporate agribusiness senior associate and MarketInvoice team lead Alistair Lamond alongside former fund manager Patrick […]
