Fintech Code For Small Business Lenders

Today Kate Carnell, the Australian Small Business & Family Enterprise Ombudsman (ASBFEO), Danielle Szetho, CEO of the industry association Fintech Australia (FA) and published a detailed report on improving transparency in the fintech business lending sector. This is an excellent piece of work, and will reinforce the legitimacy of SME lending from Fintechs, which … Continue reading “Fintech Code For Small Business Lenders”

Fintech’s Digital Disruption In Five Scenarios

The BIS task force has developed five scenarios which highlight how Fintech disruption might play out, in a 50 page report “Implications of fintech developments for banks and bank supervisors.”  Bankers will find it uncomfortable reading! Under the The Bank For International Settlements (BIS) five scenarios, the scope and pace of potential disruption varies significantly, … Continue reading “Fintech’s Digital Disruption In Five Scenarios”

Global lender selects Aussie fintech, Trade Ledger, as worldwide technology partner

Zürich-based lender, TradePlus24, has selected Australian deep tech startup, Trade Ledger, as its global technology partner to roll out its new trade insurance wrapped lending product across their European lending network, and enter the Australian market. TradePlus24, backed by Credit-Suisse, chose Trade Ledger because its platform not only automates the entire credit assessment process, allowing for rapid scale, … Continue reading “Global lender selects Aussie fintech, Trade Ledger, as worldwide technology partner”

Fintech startup Trade Ledger makes APAC “Top 25 FinTech Companies 2017” list

Trade financing deep tech startup, Trade Ledger, has made it onto the APAC CIOoutlook “Top 25 FinTech Companies 2017” list after just 5 months with its unique digital banking platform for business banks and alternative lenders, who were previously unable to address the challenging SME sector without high expected losses. See our Fintech Spotlight Series note on the … Continue reading “Fintech startup Trade Ledger makes APAC “Top 25 FinTech Companies 2017” list”

ASIC’s Fintech “Sandbox” To Remain Unchanged

ASIC has released a consultation paper  and a review of its regulatory sandbox, introduced in December 2016.   In the review ASIC proposes to retain class waivers known as the fintech licensing exemption, that allow eligible financial technology (fintech) businesses to test certain specified services without holding an Australian financial services or credit licence for … Continue reading “ASIC’s Fintech “Sandbox” To Remain Unchanged”

Fintech MoneyMe secures $120 million capital facility

Australian consumer lending fintech, MoneyMe, has finalised an AU$120 million asset-backed wholesale securitization facility led by $100 million from global investment manager, Fortress Investment Group, and joined with $20 million of bonds issued by corporate advisory, Evans & Partners. We discussed MoneyMe a few weeks back, as a good example of the innovative new players … Continue reading “Fintech MoneyMe secures $120 million capital facility”

More On The Digital Banking Revolution and Fintech

We had great reactions to our earlier piece on the Digital Banking Revolution, and where Consumers fit in the Fintech Stack, following the release of our latest Quiet Revolution report. Of particular interest was our Banking Digital Innovation Life Cycle analysis, as shown below, and includes a number of enhancements: [Editors Note: Diagram above updated … Continue reading “More On The Digital Banking Revolution and Fintech”

Fintech Spotlight – Tic:Toc:The 22 Minute Home Loan

This time, in our occasional series where we feature Australian Fintechs, we caught up with Anthony Baum, Founder & CEO of Tic:Toc. Whilst there are any number of players in the market who may claim they have an online application process for home loans, the truth is, under the hood, there are still many manual … Continue reading “Fintech Spotlight – Tic:Toc:The 22 Minute Home Loan”

Fintech Spotlight – Lodex:Breaking The Lending Mould

This time, in our occasional series where we feature Australian Fintech’s, we caught up with Co-Founder & Co-CEO of Lodex, Michael Phillipou. Imagine the possibility of checking if the loan you have at the moment is the best available, in all but real-time, with no impact on your credit score. That’s the promise offered by … Continue reading “Fintech Spotlight – Lodex:Breaking The Lending Mould”