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Nov
07

Jacaranda Incubator Program – Backing Australian Fintech

Jacaranda Finance is on the hunt for Australia’s most exciting, high growth potential Fintech startup, establishing the Jacaranda Incubator Program.   Background Jacaranda Finance is one of the fastest growing financial technology start-ups in Australia. With the recent launch of the new and improved Jacaranda decisioning engine, the young startup analyses vast quantities of data from numerous data sources within seconds. This allows the company to make smarter credit decisions and expand the availability of fair, affordable, responsible and more transparent credit solutions for consumers. “It’s no longer hard, expensive or impossible to acquire and process large volumes of data relating to our applicants”, says Daniel Wessels, CEO of Jacaranda. […]

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Oct
20

Backing local talent to build the Australian FinTech sector

New scholarship announced to grow future FinTech leaders FinTech may be the talk of the town, but it’s nothing if it doesn’t move forward. To ensure the industry keeps innovating, and to give back to the country supporting their battle against the ‘big dogs’ of the FinTech world, Nifty Personal Loans (Nifty) has launched a scholarship program. To pave the way for the business and finance leaders of tomorrow, Nifty has announced that they will be giving one Bachelor or Masters Business, Finance or IT student a helping hand in the form of a $2500 lump sum each semester which can be used for university fees, resources and technology, research materials […]

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Oct
03

finder Awards 2017: Innovation finalists announced

Entrepreneurs, start-ups and leading businesses are among this year’s finder Awards finalists. Finalists have been named across seven innovation categories following an extensive judging process in a range of industries from finance to technology, retail and travel. Fred Schebesta, co-founder and director of finder.com.au, says the annual awards have uncovered a diverse range products and brands which challenge the status quo – all with innovation at their heart. “From new smartphone apps to bite-sized property investing, these outside of the box ideas have the potential to change lives,” he says. “We were blown away by the calibre and number of entries this year; all of the finalists are finding solutions […]

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FinTech Interviews: Uno Home Loans

In the second of Matthew Parker’s series interviewing FinTech CEOs, he sat down with Vincent Turner, the CEO of Uno Home Loans. Matthew Parker: There have been a few new Mortgage brokering businesses launch over the past 2 years, why is this happening now? What has created the right circumstance for this to occur? Vincent Turner: Good question… One of the drivers is that it’s one of the last transactions left to do digitally. People are now more comfortable applying for financial products online such as credit cards and loans, not just researching and comparing. As people become more comfortable transacting online with their holidays or flights or clothes, they […]

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Most loans to be sourced digitally ‘within 10 years’, says fintech

A web-based brokerage has predicted that “within five to 10 years” most home loans will be sourced through digital platforms. Re-iterating what he told The Adviser in May, the founder and CEO of online brokerage uno. has predicted that there is “huge potential” for digital broking in the future, despite digital mortgage origination currently representing less than 3 per cent of the mortgage market. Vincent Turner highlighted research undertaken by financial services firm Deloitte in 2016 for the Mortgage and Finance Association of Australia, which found that 27 per cent of broker customers and 34 per cent of direct-to-lender customers would consider making digital mortgage applications, as testament to this […]

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New FinTech Uno Home Loans lands a $16.5 million investment from Westpac

New Australian FinTech company ‘Uno’ has landed a $16.5 million investment from Westpac after its success in the digital mortgage service in the past few months. The major bank investment is set to expand the company even further as customers are discovering the benefits of having a greater power in the home loan search process. Chief Strategy Officer at Westpac, Gary Thursby, said “uno’s success has been impressive and we’re seeing its potential to become a serious player in the home loan market”. Westpac has been involved with uno since the concept phase and Mr Thursby is pleased to announce the investment where Westpac will be a strategic investor at […]

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