Brokers

Fintech lender branches into broker channel

Fintech lender MoneyMe is in the process of expanding its broker model to bring in greater loan volumes for its personal lending products. In an interview with Australian Broker, MoneyMe CEO Clayton Howes, said that brokers present a particularly strong channel proposition which he hoped could be leveraged to reach a mass audience. “We look to brokers to provide the sharpest rates in town. How we see it is brokers are able to navigate through the noise of what’s available with the different institutions and provide a feel for a competitive rate. Those are the guys we’d like to partner with to distribute our product.” Expansion into the broker channel […]

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Fintech to help consumers be their own broker

A new platform is soon to be launched that uses technology instead of a mortgage broker to help consumers find the right home loan. The fintech, Hero BroKer, aims to give back to the consumer by giving them access to the complete home loan application process. “By providing the right tools and technology to the borrower, we let them control their finances so they’re not reliant on a broker. They effectively become their own broker,” Clint Howen, founder of Hero BroKer told Australian Broker. The Hero BroKer model is similar to other tech players such as Airbnb, Howen said. “Airbnb looked at a sea of houses. They built a platform […]

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May
11

Aussies getting ‘fleeced’ by major banks, says HashChing

A recent analysis conducted by the online mortgage marketplace has claimed that borrowers with the big four are paying up to $90,000 more than they need to for their home loans. By comparing the fixed and variable rates offered by the big four banks with those available through the HashChing platform, the analysis revealed it was possible to save up to $90,000 over the life of a home loan. HashChing pointed out that according to the RBA, one-third of borrowers have less than a month’s worth of breathing room around their mortgage, with millions of Australians at risk of falling behind on their payments. Commenting on the findings, HashChing CEO […]

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Apr
11

SelfWealth TRADING release mobile trading app

Australia’s only flat fee brokerage solution, SelfWealth TRADING give investors greater accessibility to trade the ASX with the launch of their Trading App. SelfWealth TRADING hit the market in late 2016 with a fixed fee no commission offering and since has grown their client base to approx. 8000 members. SelfWealth TRADING members can trade the ASX for just $9.50 per trade. The Trading app will allow SelfWealth members to buy and sell shares on the go, conduct stock research and monitor their investment portfolios in real-time. SelfWealth Managing Director, Andrew Ward commented that “The app is designed to give members greater visibility of their investments and to ensure they never […]

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Stake lifts the bar for trading US stocks and ETFs

It was during a three-year stint in Chicago, working for market maker Optiver, that Matt Leibowitz realised Australians were getting gouged buying international equities through the brokerages owned by the big banks and the customer experience was woeful. “During my years in the US I was amazed at the breadth of product offered to US investors at a compelling price,” said Mr Leibowitz, who was a lawyer at Allens before joining Optiver in 2007. “I was shocked at the breadth and costs in Australia: we paid more and got less.” Returning to Australia four years ago, Mr Leibowitz started to sense an opportunity to start a fintech that would provide […]

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Mar
23

Partnership to fast track client data compilation for brokers

Brisbane-based banking fintech TSWG (The System Works Group) has teamed up with Swiss data aggregation specialist eWise, creating a digital platform that integrates a client’s financial accounts onto a single dashboard. The software, called the Digital Play Platform (DPP), is the next stage in TSWG’s lengthy history of providing online solutions to mutual banks, credit unions and building societies. It can seamlessly integrate with core banking and enterprise systems as well as third party systems, delivering a comprehensive suite of banking functions, including mortgage applications, to users. Since its establishment in 1985, TSWG has focused predominantly on software and services to the finance sector in Australia and New Zealand, founder, […]

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Feb
14

Dart aims for a United States of Fintech

Australian tech entrepreneurs have launched a new digital home for the global fintech community, providing an agnostic platform that founders hope will one day become the seat for an inclusive and encyclopaedic fintech commonwealth. Founder and CEO, Cameron Dart, told AB+F that the International FinTech platform, combines a web portal and directory to meet growing demand from the global community to have a dedicated, online and natively fintech presence for a sector that transcends borders. “We like to think of it as the beginnings of a LinkedIn for fintech,” Dart said. This week’s launch, built on the back of the original Australian FinTech, already encompasses more than 1,000 global fintech companies […]

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Feb
13

Breakthrough loan software to strengthen broker proposition

Digital mortgage platform LoanFlare has been launched with the aim of reducing admin time for brokers and providing a “tenfold” increase in the lifetime value of clients. The software integrates with the broker’s current CRM and comes with a number of different features such as a client interface for direct digital data input, drag-and-drop document uploads, and customisable website templates to increase a broker’s digital presence. LoanFlare co-founder and CEO David Kim told Australian Broker about how brokers could benefit from using his platform. “Right now, there’s a manual processing between the borrower and the broker that takes a lot of time,” he said. “We’ve built a smarter way to […]

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