Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
Wisr is Australia’s only ASX listed marketplace lender and a fintech pioneer in the rapidly growing Australian consumer finance market. The company is is increasing its personal loan limits following increased borrower demand, strong institutional lender support and continued improvement to loan evaluation. From Australian Broker. As of this week, Wisr will increase its personal … Continue reading “Neo Lender Wisr Increases Loan Limits”
From theBankDoctor. Prospa’s impressive growth trajectory is set to receive a boost when it becomes Australia’s first online small business lender to list on the ASX. But the prospectus exposes issues of transparency for the acknowledged market leader in what is a largely unregulated market. Propsa will raise $146m of new capital of which $100m … Continue reading “Lack Of Transparency In Unregulated Non-Bank SME Lending Market”
From Australian Broker. An online business lender is aiming to raise around $146million through an initial public offering (IPO). Prospa is expected to list the ASX on 6 June, offering shares at an offer price of $3.64 per share. The IPO was lodged with the Australian Securities and Investments Commission (ASIC). The majority of funds … Continue reading “Prospa announces IPO to raise $146m”
On 9 May 2018, the Government agreed to the recommendations of the Review, both for the framework of the overarching Consumer Data Right and for the application of the right to Open Banking, with a phased implementation from July 2019. The Government will phase in Open Banking with all major banks making data available on … Continue reading “Government Response to Review into Open Banking”
From Moody’s On Monday, the Monetary Authority of Singapore (MAS) announced that it is collaborating with the Economic Development Board (EDB), Infocomm Media Development Authority (IMDA) and Institute of Banking and Finance (IBF) to accelerate the adoption of artificial intelligence (AI) in the financial sector. The four agencies will jointly facilitate research and development of … Continue reading “Singapore banks will benefit from regulatory push to strengthen artificial intelligence capabilities”
I caught up with Glenn Hodgeman, the brains behind the upcoming AltFi Australasia Summit 2018 to be held in Sydney on the 16th April at Doltone House Jones Bay Wharf. This is the third annual event and is designed to bring various industry players, private equity, venture capital, innovators and regulators together to share insights … Continue reading “Charting The Financial Services Revolution”
From InvestorDaily. Super funds must embrace digital, personalised advice if they want to retain their high-balance members, says industry veteran and SuperEd founder Jeremy Duffield. Jeremy Duffield had a 30 year career at Vanguard between 1980 and 2010, and established the US indexing giant’s Australian presence in 1996. Mr Duffield left Vanguard in late 2010 … Continue reading “Member Personalisation the ‘New Paradigm’”
From The Conversation. The Chinese government has appointed a new head of its central bank. Yi Gang, currently the deputy governor of the People’s Bank of China, will take over the leadership from Zhou Xiaochuan, who had been in the position since 2002. As China’s central bank oversees the stability of the world’s second-largest economy … Continue reading “China’s new central bank governor will have to deal with massive debt and an ambitious economic agenda”
Given the tenor of the Royal Commission responsible lending inquiries this week, which focussed on the complexities of brokers and lenders complying with their responsible lending obligations, we believe the future will be distinctly digital. Our banking innovation life cycle road map calls this out. To illustrate the point, there was a timely announcement from … Continue reading “Could AI Solve The Broker Problem?”
The latest edition of the Scottish Pacific SME Growth Index has been released. It gives an interesting snapshot on the critically important SME sector in Australia. Once again, as in our own SME surveys, cash-flow is king. 90% of SME owners said they faced cash-flow related issues. That said, the non-bank sector, including Fintechs need … Continue reading “SME Funding an Issue Says New Report”