Digital Finance Analytics (DFA) Blog
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The close attention of ASIC that prompted Prospa to scuttle its IPO will ultimately work out well for the fintech small business lending sector, says ratings agency Moody’s via Fintech Business. In a note published on Friday, Moody’s Investors Service senior analyst John Truijens said ASIC’s focus on Australian fintech lenders will be a “credit … Continue reading “ASIC Scrutiny Good for Fintechs – Moody’s”
As the Royal Commission’s third round of public hearings casts the spotlight on Big Four banks and SME lending, Fintech Moula says another spotlight is cast on fintechs who have stepped up to address the gap in market left by banks and traditional lenders. Moula CEO Aris Allegos said: “SMEs make up over 97% of … Continue reading “Fintech’s May Be The SME’s Champion”
From The Adviser. A new fintech Athena Home Loans founded by two former NAB executives has received $15 million from major investors to facilitate its entry into the Australian mortgage market. This was reported in the AFR on Monday. Cloud-based digital mortgage platform Athena Home Loans has closed a Series A raise of $15 million … Continue reading “Fintech Athena Home Loans Direct Model Funded”
Aussie trade financing deep technology startup, Trade Ledger, has finished ahead of nine other VC-backed companies from across the world to be named the winner of the Barclays UK Ventures “Open Innovation Challenge 2018” in London this week. The ten finalists were hand-picked by Barclays due to their potential to offer game-changing business solutions across a variety of industries, … Continue reading “Aussie fintech startup wins Barclays’ global “Open Innovation Challenge 2018””
A nice little video from the IMF describing the Fintech revolution. They even offer a Fintech quiz!
Today Kate Carnell, the Australian Small Business & Family Enterprise Ombudsman (ASBFEO), Danielle Szetho, CEO of the industry association Fintech Australia (FA) and theBankDoctor.org 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”
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”
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”
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 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”