Brokers

Apr
11

CashDeck releases software to help brokers and borrowers prepare for tougher lending measures

There’s no doubting that the Hayne Royal Commission will bring about changes to the way borrowers, brokers and bankers behave. As lenders are required to more carefully scrutinise loan applications and living expenses, it is expected that home buyers borrowing power will be greatly reduced. A recent UBS report suggests that credit availability could be […]

By Australian FinTech | Banking . Borrowing . FinTech . Lending . Mortgage
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Mar
05

Broker raises money through crowdfunding

Mortgage startup Hero Broker has begun a crowd-sourced funding campaign following the recent fundraising success of digital lender Xinja. It is the only mortgage company so far that has tried to raise funds through crowd-sourced funding since ASIC licensed seven companies in January to provide CSF services. Founder Clint Howen told Australian Broker that the […]

By Reposted by Australian FinTech | FinTech . Investing . Mortgage
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Feb
02

Marketplace lender reveals big plans for broker channel

MoneyPlace CEO Stuart Stoyan is banking on Liberty’s broker relationships and funding capabilities to execute an ambitious strategy for the widespread distribution of personal loans through the third-party channel. Few marketplace lenders have been able to successfully crack into the Australian broker market. Yet peer-to-peer lenders, fintech players and alternative online funders offering personal or […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Mortgage . Peer-to-Peer
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Nov
27

Tic:Toc to undercut broker distribution in white label play

Mortgage brokers are facing a double threat from online lender Tic:Toc, which is seeing a surge in demand from consumers and interest from banks and non-bank lenders looking for cheaper distribution. Tic:Toc promotes its quick turnaround times and convenience. The group only offers its own branded mortgages, which it says can be approved within 22 […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Mortgage
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Nov
22

Loan fintech launches recruitment drive

Digital mortgage service uno has embarked on a new recruitment drive to expand the firm’s staff by 50% over the coming six months. This initiative has been the result of recent insights gained from consumers – learnings which have grown the business rapidly over the past few months, uno founder and chief executive officer Vincent […]

By Australian FinTech | Borrowing . FinTech . Lending . Mortgage
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Oct
24

Fintech to link banks, brokers and regulators

Australian fintech MoneyCatcha has partnered with global bank HSBC in a trial of its two blockchain platforms with the aim to improve loan turnaround times and reduce compliance spending for the banks. MoneyCatcha has developed loan processing platform Homechain and regulatory risk review tool Regchain which are both powered through the same internal blockchain engine. […]

By Reposted by Australian FinTech | Banking . Blockchain . FinTech
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Oct
09

Westpac increases investment in mortgage broker start-up uno Home Loans with $5m

Westpac Banking Corporation has increased its majority stake in digital mortgage broking platform Uno, ploughing another $5 million into the company. The big four bank has now invested about $26.5 million into the venture and owns 92 per cent of ordinary shares, according to Australian Securities and Investments Commission documents. Factoring in shares that are […]

By Reposted by Australian FinTech | Banking . FinTech . Investing . Mortgage . Venture Capital
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Oct
06

Fintech slams aggregator “monopoly”

A heated statement by emerging fintech Hero Broker has accused major aggregator groups of working together and stacking the deck against newcomers to the industry. In a submission to the Productivity Commission’s Inquiry into Competition in Australia’s Financial System released last Wednesday (27 September), Clint Howen, founder of Hero Broker, called upon the commission to […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Mortgage
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