Local business launches first social finance network
If there has been one area of industry disruption and expansion online recently, it is in the area of financial technology companies. One new company, dfinanz, which was started in Queensland last month by a team of financial professionals, says it is the first global social network for finance. Source: Local business launches first social finance network
Caitlyn Argyle crowd-funding Gold Coast house deposit on Indiegogo | Gold Coast Bulletin
THE property market on the Gold Coast can be near-impossible to break into for young people but a savvy 17-year-old might have come up with an ingenious solution. Caitlin Argyle wants to crowd fund her first home deposit. Source: Caitlyn Argyle crowd-funding Gold Coast house deposit on Indiegogo | Gold Coast Bulletin
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 to borrowers and charging interest. He’s doing it via the internet, on platforms that allow investors to loan their cash to consumers for expenses like a new car, a holiday or a wedding. Borrowing for a wedding is a typical transaction. Known as peer-to-peer platforms, these websites don’t have to pay for sprawling branch networks […]
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 have favoured the less risky mortgage sector for years, but are looking for growth in business lending. Source: Banks shadow box with online business lenders
