Australian FinTech launches International FinTech platform

The team behind the highly successful, this week launch their International platform,, aimed at connecting the FinTech industry on a global scale. Founder and CEO, Cameron Dart, says International FinTech has been born on the back of the highly successful Australian FinTech platform and growing demand from the global community to have a dedicated online presence for their sector. “International FinTech mirrors the Australian FinTech platform, including a dedicated industry newsfeed and a comprehensive directory of FinTech companies globally. “The site also aims to educate users of new financial technologies such as peer to peer lending and cryptocurrency, all presented in simple terms with no financial jargon” says […]


Fintech platform ‘wasn’t trying to disrupt’ broking industry

The CEO of a fintech platform that sparked controversy in the broker channel has said that the company never intended to disrupt the mortgage broking industry, but instead “bring innovation” to it. Speaking at a fintech event in Sydney earlier this week, Vince Turner, the founder and CEO of the digital mortgage service uno., clarified the platform’s intentions and thoughts regarding the third-party channel. Mr Turner said: “As far as the distribution of mortgages and mortgage broking, it’s an industry that I wasn’t trying to disrupt, but to bring innovation to. “We’ve already brought a wealth of innovation to the industry, and this is how [we] feel like it should […]


iSelect trials three-hour digital home loan

ASX-listed iSelect is trialling a new digital home loan process that lets home buyers get conditional approval for a home loan in three hours from multiple lenders, without needing to visit a bank or fill out paperwork. The technology is the first in Australia that digitises the home loan application process and can present offers from multiple lenders, however many of the banks offer a digital service for their own loans. Macquarie Bank, ING and Australian Finance Group are trialling iSelect’s new service, but the business has plans to do a full rollout in 2017. The new service is part of iSelect’s transition to become a “life admin” business, and […]


EY FinTech Australia Census 2016

FinTech Australia and EY Sweeney release the most comprehensive analysis of Australia’s fintech ecosystem to date, the EY FinTech Australia Census 2016 FinTech Australia and EY Sweeney are today releasing the inaugural EY FinTech Australia Census 2016, the most comprehensive and detailed report on the Australian fintech industry to date. The research was formally launched in Melbourne today by EY’s Anita Kimber at FinTech Australia’s national summit, Collab/Collide 2016 in partnership with LaunchVic. This significant piece of research was commissioned by FinTech Australia as part of their efforts to foster a thriving fintech ecosystem in Australia. The report identifies important characteristics of the Australian fintech industry, and establishes a set […]


Broker platform hits $2bn milestone

An online portal that connects brokers with borrowers has doubled the value of loans negotiated through the platform in only three months. HashChing reached its first $1 billion loan milestone within a year of operation. Now, three months later, it has doubled that figure to over $2 billion worth of home loan applications sent to almost 300 mortgage brokers registered on the platform. “The fact that we’ve hit this next billion-dollar milestone so quickly is testament to the huge demand for our technology,” HashChing chief executive said Mandeep Sodhi said. “Nearly four thousand customers to date have used HashChing to negotiate home loans with interest rates that are well below […]


Fintech platform launches new digital loan push

To digital mortgage service uno, the ideal customer is one who doesn’t want to discuss home loans face-to-face or over the phone. “Traditional brokers are for people who want to go see someone face-to-face or have someone come to their house,” uno founder and chief executive officer Vincent Turner told Australian Broker. “For people who don’t want that, they’re going to find a digital mortgage service like uno as more suitable for their needs.” The firm’s recent marketing push – including an ad in which prospective buyers inspect a house in which some rooms are closed off – highlights the public’s feeling of not receiving all the necessary information on […]


Macquarie and broking firms unite to launch fintech platform

Macquarie Business Banking and four commercial broking firms have joined together to launch a “first-to-market” technology platform that could “revolutionise commercial broking in Australia”. Allfin Financial Services, BKK Finance, Heritage Property Finance and Stamford Capital have joined Macquarie Business Banking to form Kubio, a group that provides a cloud-based business origination platform “built from the ground up by brokers, for brokers”. The mobile-optimised platform aims to provide brokers with “flexible and fast solutions” to drive back-office efficiencies, such as the ability to monitor and track deal flow and boost comprehensive reporting. It is available to all commercial lenders irrespective of whether loans are placed with Macquarie. The fintech platform provides […]


Fintechs ‘on the front line’ for brokers

A recent meeting has highlighted that when it comes to serving customers in the third-party channel, “there’s a space for everyone”, and that fintechs can act to bolster and expand the businesses of their broker counterparts. The meeting last week was attended by both brokers and fintechs in Sydney and asked the question: “Disintermediation and diversification: what impact will fintech have on finance brokers?” On the night, founder and CEO of uno Vince Turner highlighted that technology has firmly entered it’s “third wave”. “The first wave was simply building the internet. HTML, dial-up, all this kind of stuff in the ‘90s,” Mr Turner explained. “The second wave was building an […]