FinTech

Oct
20

Why these giant Chinese companies could destroy Australia’s fintech ambitions

Fintech companies are some of the hottest startups around right now. Incredibly, more than 20 are now valued over $US1 billion. Australian credit reference fintech, Veda, might get bought for $2.2 billion. The possibilities offered by fintech are enormous. Mobile payments, payment terminals, smart contracts, smart bonds, P2P lending and crowdsourcing are all examples of […]

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Oct
19

What happened at Wyatt Roy’s policy hack

There were Post-its, buzzwords and diagrams galore at the first ever technology industry and government policy hack, and even the occasional “but I love Australia” protest as teams faced the many regulatory disadvantages to building a tech company in Australia. The collaboration between federal Assistant Minister for Innovation Wyatt Roy, accelerator program BlueChilli and peak […]

By Cameron Dart | FinTech
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Oct
19

NAB joins with Xero to speed up business loan approvals

National Australia Bank and cloud accounting software firm Xero have linked their technology platforms to allow Xero clients to receive faster approvals for business loans once they allow NAB to tap their live, balance-sheet data. As online business lenders such as Spotcap, Prospa, OnDeck, Kikka, Moula and ThinCats threaten to win over small-business customers by […]

By Cameron Dart | Banking . Borrowing . FinTech
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Stone & Chalk rides the fintech disruption wave

The launch for fintech hub Stone & Chalk was oversubscribed. By 7pm, 500 people had descended on the party, donning coloured T-shirts to signal where they belonged. Red T-shirts designated institutional sponsors, green was for resident start-ups, charcoal for friends, blue for government and pink for media (funny). The happiest people wore green. The 120 […]

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Oct
15

First State Super to expand VC platform

First State Super chief investment officer Richard Brandweiner spoke about his fund’s continuing investment in venture capital at the H2 Ventures Fintech Expo in Sydney yesterday. The $52 billion super fund announced a $110 million investment in technology venture capital firm Blackbird Ventures in September 2015 alongside Hostplus, which made a smaller contribution. Mr Brandweiner […]

By Cameron Dart | FinTech . Investing . Venture Capital
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Oct
15

FinTech changing the landscape

The emerging world of financial technology, or fintech, is having an impact on everything from the way new products are funded through to the culture and practices of major banks and financial institutions. According to Simon Cant, co-founder and co-managing director of venture capital player Reinventure Group, fintech is basically anything providing some version of […]

By Cameron Dart | Banking . Borrowing . FinTech . Peer-to-Peer
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Oct
14

Lend2Fund lured to London by friendly fintech regulation

One of the10 fintech start-ups that joined a UK Trade & Investment delegation to London last month has decided to relocate there, suggesting governments and regulators need to lift their game to keep entrepreneurial talent in Australia. Lend2Fund, a marketplace lender for commercial property deals, says Britain’s financial regulator, the Financial Conduct Authority, is more […]

By Cameron Dart | Borrowing . FinTech . Investing
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Oct
14

Melbourne fintechs rival Sydney, but help needed

Melbourne peer-to-peer lender MoneyPlace has identified a rash of new fintechs that have started up in the city in the past five years, but argues they in danger of being lured offshore without government help. The first survey of Melbourne’s fintech scene by the lender’s founder Stuart Stoyan has uncovered more than 500 people being […]

By Cameron Dart | FinTech . Investing . Peer-to-Peer . Sydney FinTech
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