Open banking quietly delayed
The much-anticipated launch of open banking in Australia has been quietly delayed by the federal government by eight months. On the last Friday before Christmas, a day typically used to “take out the trash” and make some unfavorable or unpopular announcements, Treasurer Josh Frydenberg put out a statement late in the afternoon revealing that the […]
Symple targets A-grade borrowers, leaves F-grade to big banks
New marketplace lender Symple Loans says it will lure in creditworthy borrowers with cheap loans and leave subprime loans to traditional banks. Symple Loans, which opened its personal loan book last month after raising $10 million, said it would use a risk-based pricing model and offer low interest rates to responsible borrowers who showed discipline […]
Millions looking to leave major banks
New research has found that over two million Australians are currently seeking new banking providers, with many currently customers at one of the big four. The research produced by Nielsen found that 2.1 million Australians are seeking new providers and 67 per cent of them are currently customers at one of the big four. The […]
DiviPay launches Australia’s first virtual corporate expense card
DiviPay, an Australian fintech start-up, has launched a virtual corporate card and expense management platform that helps SME’s control company spending and automate their team’s expense reporting. The platform is now open to registrations and a number of Australian businesses are already benefiting from no more reimbursements, credit card sharing and expense reporting. DiviPay enables […]
Fintech space set to grow in 2019
The Australian fintech industry is due for strong growth over the next year, with platforms as one of the most active areas for financing, according to a law firm. According to DLA Piper’s analysis of 70 venture deals it has advised on in Australia for the 2018 calendar year, fintech is the most funded category […]
Tier One People’s Dexter Cousins catches up with Look Who’s Charging’s David Washbrook
Look Who’s Charging had a stellar 2018 with numerous awards, accolades such as featuring in KPMG’s FinTech 100 and commercial success with two of the Big 4 Aussie banks becoming customers. Sibos and Money 20/20 helped put Look Who’s Charging on the global FinTech map. Tier One People’s Dexter Cousins caught up with Co-Founder David […]
GoldFund.io announces first public cryptocurrency exchange to list the GFUN Token
GoldFund.io a commodity platform for Cryptocurrency and Gold today announces the first listing on a Cryptocurrency Exchange following its ICO ending on 31 January, 2019. p2pb2b.io is a Swiss based Cryptocurrency Exchange supporting major currency pairs with a total of 47 trading currencies. The primary features of the p2pb2b platform are: New Accounts: Newly created […]
Top seven fintech business lenders compliant with new code of conduct
The seven largest online small business lenders have opened themselves to scrutiny by an independent oversight committee and pledged to adhere to transparent standards on pricing and dispute resolution, with the Australian Finance Industry Association and small business ombudsman endorsing the start-ups’ efforts at self-regulation. Prospa, Moula, OnDeck, Spotcap, Capify, GetCapital and Lumi now comply […]
