Brokers

Jul
20

HashChing surpasses $1billion of home loans

Australia’s first marketplace for home loans, HashChing has today announced it has surpassed its $1 Billion of home loans milestone as momentum builds for the Sydney FinTech.   The team also welcomes corporate heavyweight, Claire Wivell Plater of The Fold Legal to its Advisory Board, further strengthening its position in the market.   Dubbed the Mortgage Whisperers, Mandeep Sodhi and Atul Narang are the founders of HashChing – an online marketplace for pre-negotiated home loan deals so good the banks don’t want you to know about them. HashChing offers home loans with interest rates below 4 per cent and well below banks’ standard advertised variable rates.   The platform initially launched in August with […]

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Jul
15

ThinkForex rebrands to ThinkMarkets and launches ThinkTrader

ThinkForex, the leading provider of financial derivatives trading, has rebranded to ThinkMarkets and has launched ThinkTrader, its own multi-asset trading platform. With several thousand clients around the world – the new brand represents ThinkMarket’s ambition to become the world’s largest provider of foreign exchange, contracts for difference and spread bets. Essential to this development is maintaining ThinkMarket’s core values of offering its clients sophisticated but simple to use trading mechanisms, supported by high quality educational material and advanced analysis. The launch of ThinkTrader is integral to this progress. Based on the firm’s history of innovation, security and reliability, ThinkTrader was built entirely in-house and offers traders access to: Intuitive user […]

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Jun
24

Australian FinTech Company Profile – HashChing

FINTECH COMPANY:  HashChing FINTECH SECTOR:  Online Mortgages WEBSITE:  www.HashChing.com.au CONTACT:  info@HashChing.com.au PHONE:  1800 464 338 FOUNDED:  2015 FOUNDER(S) / CEO:  Mandeep Sodhi & Atul Narang DESCRIPTION: HashChing is Australia’s first online marketplace allowing consumers to access great home loan deals without having to shop around. ABOUT: Completely FREE to consumers, HashChing connects you directly to verified mortgage brokers who can further negotiate a better rate from the lenders and save you time, hassle and money. Ask any home loan related question on HashChing and only verified financial experts will respond to you promptly to help you make smart and informed financial decisions. HashChing’s vision is to keep Australians financially smart […]

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Jun
24

Fintech to invest $1b into blockchain this year

Financial and technology firms are expected to invest more than $US1 billion to bring blockchain technology to capital markets in 2016. That’s according to a new survey from Greenwich Associates, where a majority of participants said blockchain has the potential to change markets within the next five years. The 134 interviewees, including executives at banks, exchanges, asset managers and blockchain technology companies, said the main obstacle hindering the technology’s widespread use was a “vested interest” in legacy systems. “The financial sector will continue to put its weight behind blockchain this year,” Richard Johnson, vice president for Greenwich’s Market Structure and Technology group, said in the report. “Blockchain is beginning to […]

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Jun
22

Loans flood in for fintechs

Non-bank business lenders are receiving more than $1.1 billion of loan applications every month as awareness of new fintech operators and other alternative providers accelerates, according to a new survey. Providing insight into the level of demand for loans outside traditional banks, the survey by online business lending aggregator eBroker found non-banks were attracting at least 11,676 loan applications a month, worth $1.13bn. Non-banks are alternative lenders that don’t take deposits, sidestepping the need for a full banking licence and oversight by the Australian Prudential Regulation Authority. The survey, conducted with marketing company WebBuzz, took place in early May and included the chief executives of 29 non-bank business lenders, including […]

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The ten year gap in financial services technology

In my estimation, technology in traditional financial services lag other industries by about a decade. Having trouble remembering what your online life was like in 2006? Here’s a benchmark: Facebook, Twitter, and the iPhone are each more than 10 years old. Sure, the word fintech has been all the rage the past couple of years, but it’s not a good sign when the word “tech” is wrenched into a moniker to explain what the companies involved actually do. We don’t refer to Uber as “taxitech,” just like we don’t think of Airbnb as “hoteltech.” It just works. It’s how we live. I’m not sure who coined the term fintech, but I can confidently say it’s been popularised […]

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Fintech platform helps brokers tackle business lending

A new online marketplace for business loans can help brokers tackle the growing commercial lending space. Launched in November 2015, Valiant Finance is a comparison website which compares and matches business loans, debtor finance and equipment finance to small businesses. But unlike other comparison websites which largely focus on home loans or personal lending, Valiant co-founder Alex Molloy said it fills a gap in the complex business lending space. “[Small businesses] can go to their business banker – who they might have had three of in the last two years – who will ask them if they have residential security and then say they can’t help them if they don’t,” […]

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