LaunchVic chips in to help Victorian angel groups assist over 40 early-stage startups
The Victorian government’s LaunchVic has chipped in AU$1.16 million to help four new angel groups establish their operations.
Thank You & Merry Christmas!
From the team at Australian FinTech, we’d like to say a massive THANK YOU to everyone who has supported us over the past 12 months.
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.
Automic Group appoints FinTech leader Astrid Raetze to accelerate growth
Automic Group announces the appointment of Astrid Raetze as an Executive Director. A tech company that provides a unique ecosystem of share registry, company secretarial, legal and finance services, and which already services more than 10 per cent of ASX listed companies, Automic is delighted to celebrate the appointment of an exceptional leader. Astrid was previously a partner at KPMG, where she was the Australian Head of FinTech. She has more than 20 years of experience in the finance and legal industries, including a long tenure with Baker & McKenzie where she was the Global Head of FinTech, a member of the Global Innovation Committee and the Australian lead for […]
2018 AFR Young Rich List: Emily Skye backs Millennial bank start-up
Fitness star and Young Rich Lister Emily Skye may have built a small fortune but that doesn’t mean she’s good with money. “I’ve never really known what’s going on with money, I mean I love to spend it but I’m not able to track it and really be responsible for it,” Ms Skye said. Ms Skye rockets up the 2018 Financial Review Young Rich List with an estimated worth of $36 million, reflecting growth in her online fitness business that attracted an undisclosed investment from Quadrant Private Equity this year. As she continues to build the fitness business, including releasing the first app for her FIT program this year, Ms […]
Using tech to drive client goals
The financial planning industry is in a state of transformation following revelations from the Banking Royal Commission and reviews by the Australian Securities and Investments Commission (ASIC). Fees-for-no-service and regulatory negligence will be rightly replaced by goals-based, client-centric advice, and technology will work as a driver. Tech has already infiltrated the industry, evidenced by large Australian planning firms and fund managers integrating their services with platforms and apps, and simplifying claims processes through online applications. And, while industry experts note the entire backbone of financial planning is archaic technology, they’re confident the world of application programming interfaces (APIs) will completely reform the advice and practice management processes. Investment Trends research […]
Just don’t call us payday lenders
More than 20,000 Australian small business owners have trouble accessing finance (Deloitte Access Economics). Are they denied access because they aren’t good candidates for loans? Yes, in some cases. However, a significant number (37%) of these businesses are denied finance because they don’t have collateral (be it a home or considerable assets) to secure a loan against. Interestingly more than 40 per cent of rejected applications examined by the NSW Business Chamber were for amounts less than $100,000 – it seems traditional providers aren’t interested in small loans, or small business. Archaic systems and processes which serve the interests of incumbent big business are being dismantled in the current global […]
