Search Results for “fintech” – Page 16 – Digital Finance Analytics (DFA) Blog

Tic:Toc expands to Tasmania, as NSW investors rush to purchase in Hobart

Australian fintech Tic:Toc, today announced their world first instant home loan platform will be made available to customers purchasing or refinancing properties in Tasmania. We featured the firm in a recent Fintech Spotlight. The online home loan, which uses a digital decisioning system to assess and approve finance in as little as 22 minutes, launched … Continue reading “Tic:Toc expands to Tasmania, as NSW investors rush to purchase in Hobart”

Behind the 500% increase in small businesses using marketplace lending

From SmartCompany. The number of small business customers signing onto loans through marketplace lenders has increased more than 500% over the past year, but experts say scrutiny must be put on the alternative finance sector now to ensure smaller operators get the best deal. The Australian Securities and Investments Commission (ASIC) released its 2017 survey … Continue reading “Behind the 500% increase in small businesses using marketplace lending”

NAB Launches Online SME Unsecured Lending Product

In a nod to the emerging Fintech SME lending sector, NAB today announced $100,000 unsecured lending for Australian small business owners to grow and expand, backing the strength of their business without the need for security requirements such as property or cash, with a decision is around 10 minutes. As we discussed recently, getting funding … Continue reading “NAB Launches Online SME Unsecured Lending Product”

Using Credit Card Payments Data For The Public Good

Interesting post from the UK’s Office for National Statistics blog, which highlights the power of data analytics using anonymised credit card payments data. The intelligent use of data gathered by our leading financial institutions can result in faster, more detailed economic statistics. Tom Smith describes how a joint event staged by ONS and Barclaycard illustrates … Continue reading “Using Credit Card Payments Data For The Public Good”

Yes, Finance For Small Business IS a Problem

Christopher Kent, RBA Assistant Governor (Financial Markets), spoke at the 30th Australasian Finance and Banking Conference on The Availability of Business Funding, a subject which was featured in the recent RBA Bulletin. While his speech covered the gamut of business finance, his comments on small business are important. He acknowledged the need for, and difficulty … Continue reading “Yes, Finance For Small Business IS a Problem”

The Future of Payments Is About Trust and Convenience

Payments is fast evolving from cash or plastic to digital. But as the universe of potential digitally enabled payment options proliferates, winners and losers will be determined not by simply fulfilling a payment instruction (now taken as given) but by the customer experience, and degree of trust. New players, new platforms, and new devices. This … Continue reading “The Future of Payments Is About Trust and Convenience”

New Mastercard Digital Platform Launched

Mastercard has announced a new platform (in the US initially) which issuers can offers to their customers called Assemble. The first product allows millennials to manage money through a digital prepaid account, a mobile app and a payment card (virtual or physical). Its a great example of the emerging digital tools aimed to build loyalty, … Continue reading “New Mastercard Digital Platform Launched”

Comprehensive Credit Reporting: What Does it Mean for Home Buyers?

Our friends at finder.com.au have written an excellent article for us on the impact of Comprehensive Credit Reporting, authored by Richard Whitten*. It highlights the changes afoot, and the impact on home buyers. Well worth reading! Comprehensive credit reporting is coming, Australia. The new credit system has big implications for Australian borrowers and lenders and … Continue reading “Comprehensive Credit Reporting: What Does it Mean for Home Buyers?”

ACCC commences inquiry into digital platforms

The Federal Government has today formally directed the ACCC to commence an inquiry into digital platform providers such as Facebook and Google. The ACCC’s inquiry will look at the effect that digital search engines, social media platforms and other digital content aggregation platforms are having on competition in media and advertising services markets. “The ACCC … Continue reading “ACCC commences inquiry into digital platforms”