Investing

AMP advises fintechs to seek bigger partners

Australian fintech start-ups looking to expand their businesses will need to partner with big companies that already boast large customer bases for a better chance of success, wealth giant AMP says.Craig Meller, chief executive of AMP, said it was unlikely a large “disruptor” would swoop into the Australian financial services sector and shake up the […]

By Cameron Dart | Banking . FinTech . Investing
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May
25

Westpac asks Gen Y to help it find the next fintech start-up

As all banks grapple with the impact of huge technological shifts, Westpac hopes to get an edge over rivals by tapping into the ideas of bright, young non-bankers. With the bank admitting it needs to be more nimble in the face of growing competition from technology-based firms, senior Westpac executives will next week be presented […]

By Cameron Dart | Banking . FinTech . Investing
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May
25

H2 Ventures, born from AWI’s ashes, will fund 100 fintech firms

This is great news for start-up Australian FinTech companies looking for funding.   Venture capitalist brothers Ben and Toby Heap have established a new fintech-focused venture capital fund and accelerator, H2 Ventures, which is raising $10 million to invest in 100 fintech start-ups over the next three years. The establishment of H2 follows the demise […]

By Cameron Dart | Investing . Venture Capital
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Apr
28

ASIC set sights on growing fintech sector

The Australian Securities and Investments Commission is setting up a Digital Finance Advisory Committee manned by members of the fintech community, as the corporate regulator ramps up its attention on the technology sector and cyber risk.ASIC chairman Greg Medcraft said the regulator wanted to make it easier for start-ups and fintech businesses to navigate the […]

By Cameron Dart | FinTech . Investing
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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

Fintech split on lower regulatory hurdles

Challengers to the banks and global payment giants disagree on whether there should be an easing of regulations for finance start-ups, a major recommendation of the Murray inquiry.Peer-to-peer lender RateSetter Australia argues current regulations are adequate and flexible enough. It said “graduated” regulation applied based on the company’s risk to the financial system suggested by […]

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