Banks and Fintech – Where Do They Fit?

US Fed Governor Lael Brainard spoke on “Where Do Banks Fit in the Fintech Stack?” at the Northwestern Kellogg Public-Private Interface Conference on “New Developments in Consumer Finance: Research & Practice” In particular she explored different approaches to how banks are exposing their data in a fintech context and the regulatory implications. Smaller banks may … Continue reading “Banks and Fintech – Where Do They Fit?”

Building the Infrastructure to Realise FinTech’s Promise

An excellent speech by Mark Carney, Governor of the Bank of England which paints some useful pictures about the future of Fintech and the need to break the mould. To its advocates, FinTech will democratise financial services. Consumers will get more choice and keener pricing. SMEs will get access to new credit. Banks will become … Continue reading “Building the Infrastructure to Realise FinTech’s Promise”

Fintechs cash in on bank lending limits to curb property boom

From Australian Fintech. As regulators weigh new limits on bank lending to cool the housing boom, their impact may be muted as tech-savvy borrowers turn to fintechs to access cheaper rates offered by non-bank lenders. Hashching is raising $6 million of fresh equity on the Neu Capital fundraising platform in a deal valuing the Sydney-based start-up … Continue reading “Fintechs cash in on bank lending limits to curb property boom”

Fintech—A Brave New World for the Financial Sector?

From iMFdirect. From smartphones to cloud computing, technology is rapidly changing virtually every facet of society, including communications, business and government. The financial world is no exception. As a result, the financial world stands at a critical juncture. Yes, the widespread adoption of new technologies, such as blockchain-based systems, offers many potential benefits. But it … Continue reading “Fintech—A Brave New World for the Financial Sector?”

The BBC Does Fintech

Interesting programme from the BBC looking at UK developments in Fintech. The discussion centered on how mobile devices are fundamentally changing banking and why incumbents are struggling to respond. Listen to the programme, or download it here. The UK is a world leader in financial services technology, otherwise known as fintech. Presenter Evan Davis asks … Continue reading “The BBC Does Fintech”

Bank of England FinTech Accelerator latest proofs of concept

As announced in the Governor’s June Mansion House speech the Bank of England has set up a FinTech Accelerator, working in partnership with new technology firms to help harness FinTech innovations for central banking. In return, it offers firms the chance to demonstrate their solutions for real issues facing us as policymakers, together with the … Continue reading “Bank of England FinTech Accelerator latest proofs of concept”

NAB Ventures backs San Francisco payments fintech

National Australia Bank’s (NAB) venture capital fund, NAB Ventures, has led an investment round in San Francisco-based foreign exchange payments company Veem. Veem (formerly known as Align Commerce) provides a platform that leverages blockchain technology for cross-border business to business payments, enabling organisations to send and receive payments in local currency. NAB Ventures General Partner … Continue reading “NAB Ventures backs San Francisco payments fintech”

Fintech Disruption Continues Apace

The latest edition of the Financial Services Disruption index is released today. It measured 40.16, up 5.52% from last quarter. The Disruption Index tracks change in the small business lending sector, and more generally, across financial services. The Financial Services Disruption Index, which has been jointly developed by Moula, the lender to the small business … Continue reading “Fintech Disruption Continues Apace”

Aussie fintech investment defies global dip

From Fintech Business. Investment in Australian fintech companies remained strong in 2016, despite an almost 50 per cent decline in global investment figures, according to KPMG. KPMG’s Pulse of Fintech report, released today, found an overall investment of US$656 million into Australian fintech in 2016 across 25 deals, up from $185 million across 23 deals … Continue reading “Aussie fintech investment defies global dip”

Fintechs Eye The Mortgage Market

From Fintech Business. Speaking at a media roundtable in Sydney this week, SocietyOne co-founder Greg Symons said there is a class of mortgages that could suit “exactly what we do”. “We will look at that in time, probably through a partnership of some kind,” Mr Symons said. “The fact is it’s very cheap debt and … Continue reading “Fintechs Eye The Mortgage Market”