Banking

Apr
13

Fintech hub Stone & Chalk names Alex Scandurra as CEO with big plans to disrupt banking

New Sydney fintech hub Stone & Chalk has appointed former army captain Alex Scandurra as its chief executive, as the location for start-ups seeking to disrupt banking prepares to open in June.About 330 entrepreneurs from 120 fintech start-ups have registered to work in the space, ensuring Stone & Chalk will open at full capacity of […]

By Cameron Dart | Banking . FinTech . Sydney FinTech
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Apr
11

Banks look vulnerable as lucrative loans market gets personal online

Mike Israel is at the forefront of a trend that some reckon could disrupt the very lucrative business of lending money to consumers and businesses. An information technology worker in his 50s, Israel is one of a growing number of people pocketing a piece of the major banks’ healthy profits, by lending their savings directly […]

By Cameron Dart | Banking . Borrowing . FinTech . Investing . Peer-to-Peer
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Apr
02

Tyro says Stone and Chalk needs competition

Tyro chief Jost Stollman, says another fintech hub, independent of bank-backed Stone and Chalk, is needed to ensure new bank rivals don’t remain “rounding errors”.Mr Stollman has dubbed Sydney’s Clarence Street “Fintech Alley” since he opened Tyro’s FinTechHub at 155 on Wednesday, just down the way from bank-backed hub Stone and Chalk at number 45 […]

By Cameron Dart | Banking . FinTech . Sydney FinTech
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Mar
31

High time to find out what you’re missing out on

If you’re being ripped off by banks and other financial institutions a new website, monetise.com.au, will tell you even though you may have suspected nothing.It threatens to do to comparison websites, which are being reviewed by the Australian Competition and Consumer Commission (ACCC), what Uber is doing to taxis. Source: High time to find out […]

By Cameron Dart | Banking . FinTech . Robo-Advice
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Mar
04

Craig Dunn to chair fintech hub Stone and Chalk

Technology start-ups will be given subsidised office space by the banks they are seeking to disrupt, with a new financial technology hub to open in Sydney in May. It will provide entrepreneurs with a place to collaborate with established financial sector players and global technology giants and allowing them to access capital for growth. Source: […]

By Cameron Dart | Banking . Sydney FinTech
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Banks shadow box with online business lenders

Banks are courting a rash of new online lenders that have moved quicker than their giant rivals to use technology to give better deals to small businesses.Prospa has been quietly building its small business loan book for two years. It is one of several local and international players discussing mutually beneficial deals with banks that […]

By Cameron Dart | Banking . Borrowing . FinTech
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