Can the internet revolutionise finance in China?
Internet finance in China has developed rapidly over the past several years. Internet finance embraces a huge range of activities, including third-party payment, online lending, direct sales of funds, crowd-funding, online insurance and banking and digital money. Public sentiment towards internet finance has moved the full gamut from fever pitch to fear. What is the future of internet finance? Optimists argue that internet finance represents a third type of financial intermediation, after direct and indirect financing, which could completely revamp traditional financial industries. Others point out that internet finance is mainly a Chinese phenomenon: a product of regulatory arbitrage, which could evaporate once financial regulations tighten to levels equivalent to […]
Trov, the world’s first on-demand insurance app for single items, launches in the UK
Trov, the company reinventing insurance for the mobile generation, today launches its world leading on-demand insurance platform in the UK, in partnership with AXA Insurance. For the first time, people in the UK can easily insure just the things they care about, entirely from the convenience of a mobile app. With a simple swipe, users are provided with a personalised quote and can quickly turn insurance on (or off) for an item without the need for any interaction with a traditional insurance agent. Items protected through Trov are covered internationally against accidental damage, loss, and theft. At launch, Trov is offering protection for common electronic items, such as laptops, mobile […]
EY FinTech Australia Census 2016
FinTech Australia and EY Sweeney release the most comprehensive analysis of Australia’s fintech ecosystem to date, the EY FinTech Australia Census 2016 FinTech Australia and EY Sweeney are today releasing the inaugural EY FinTech Australia Census 2016, the most comprehensive and detailed report on the Australian fintech industry to date. The research was formally launched in Melbourne today by EY’s Anita Kimber at FinTech Australia’s national summit, Collab/Collide 2016 in partnership with LaunchVic. This significant piece of research was commissioned by FinTech Australia as part of their efforts to foster a thriving fintech ecosystem in Australia. The report identifies important characteristics of the Australian fintech industry, and establishes a set […]
Trov continues to attract Silicon Valley’s most talented
Trov, the revolutionary on-demand insurance platform, continues to bolster its core team through the appointment in July 2016 of Neil Sands – previously Salesforce’s Ignite Chief Experience Officer (CXO) – as its Head of Global Partnerships. In his role at Trōv, Sands will be responsible for the expansion of the company’s non-insurance partner eco-system: creating engagement with points of sale (POS), as well as developing other types of retail and brand partnerships. Throughout his years at Salesforce, Sands oversaw the expansion of Salesforce’s enterprise innovation team Ignite, during which time Salesforce won Forbes’ Most Innovative Company four years running, working exclusively with Fortune 500 companies. Sands is the […]
H2 Ventures Fintech Expo 2016
H2 Ventures Fintech Expo 2016 H2 Ventures are hosting its third annual Fintech Expo, an opportunity to hear from some of the most talked about and exciting Fintech companies in Australia. Tuesday 19th of July 2016 Get your tickets here: http://h2vfintechexpo.eventbrite.com.au/ Save Save
Which fintech innovations are really adding value to customers?
Financial services, of all sectors, has seen some of the most significant technology innovations in recent years. Banks and insurance companies have been very keen to leverage technology in such a way that is mutually beneficial to both vendor and consumer, and now even superannuation is getting involved in the technology revolution. While there is a lot of innovation happening for the sake of it, not all of it is useful for the end user. It sounds simple, but what we learned as we developed our automated SMSF solution is a lesson that a lot of other financial services apps seem to forget at times; good design principles that keep […]
Examining the fintech appeal of business lending in Australia
A question often asked in the fintech space is, “Which area of fintech has the greatest potential?” The answer invariably sticks with the obvious – insurtech, blockchain, mobile payments, peer-to-peer lending and banking – and while focus to these areas is deserved, business lending has been exponentially gaining steam. Lenders are flocking to the market and it seems every week there is a new entrant, partnership or innovation. The online business lending space is full of diversified products and lenders are constantly looking for new ways to benefit business borrowers. The market is becoming flooded by choice. So, what is the appeal? It’s simple. The space exemplifies fintech as it […]
Huddle Money raises $6m to create peer-to-peer bank
Sydney-based fintech start-up Huddle Money will emerge from so-called stealth mode this week after securing $6 million backing for its bid to take on traditional banking services with peer-to-peer offers. The company, founded by expat Brits Jonathan Buck and Jason Wilby has been self-funded for the last year, but has closed its first funding round, which was led by Hollard Australia managing director Richard Enthoven. Huddle Money is the latest in a growing band of fintech start-ups to set their sights on opening up new options for consumers in a market that had previously been dominated by large institutions. It says it will do this by challenging existing business models […]
