Brokers

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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Sep
01

P2P lender reaches 2,000 brokers

Peer-to-peer lender RateSetter has accredited 2,000 brokers on its lending platform, amidst a rise in P2P popularity within the general public. Lending volumes through the broker channel, especially in auto and home improvement loans, are doubling every six months, according to the lender’s most recent settlement figures. Across the direct and broker channels, RateSetter has […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending . Peer-to-Peer
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Aug
23

Broker channel needs to be ‘undercut’, says fintech boss

The founder of an online mortgage marketplace says there is too much “fat” in the home loan value chain and believes there is space for a non-advice model in mortgage distribution. Joust managing director Mark Bevan, who worked at CBA and Westpac before launching the online mortgage bidding platform in 2015, said that Joust is […]

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