Fintech platform launches new digital loan push
To digital mortgage service uno, the ideal customer is one who doesn’t want to discuss home loans face-to-face or over the phone. “Traditional brokers are for people who want to go see someone face-to-face or have someone come to their house,” uno founder and chief executive officer Vincent Turner told Australian Broker. “For people who don’t want that, they’re going to find a digital mortgage service like uno as more suitable for their needs.” The firm’s recent marketing push – including an ad in which prospective buyers inspect a house in which some rooms are closed off – highlights the public’s feeling of not receiving all the necessary information on […]
Former MFAA CEO joins HashChing
A finance and logistics executive and former MFAA chief executive officer has joined the advisory board of mortgage marketplace and home loan deal gateway HashChing. Siobhan Hayden, who resigned as chief executive of the MFAA in June this year, has joined the advisory board of online home loans trader HashChing. It’s the third top executive the emerging fintech has secured in recent weeks. Financial services regulatory lawyer Claire Wivell Plater and financial service senior executive Helen Lorigan also joined the fintech’s advisory board recently. Ms Hayden commented that HashChing has the potential to significantly change the home loan market in Australia. “HashChing sits at the intersection of customers, brokers and lenders — […]
New FinTech Uno Home Loans lands a $16.5 million investment from Westpac
New Australian FinTech company ‘Uno’ has landed a $16.5 million investment from Westpac after its success in the digital mortgage service in the past few months. The major bank investment is set to expand the company even further as customers are discovering the benefits of having a greater power in the home loan search process. Chief Strategy Officer at Westpac, Gary Thursby, said “uno’s success has been impressive and we’re seeing its potential to become a serious player in the home loan market”. Westpac has been involved with uno since the concept phase and Mr Thursby is pleased to announce the investment where Westpac will be a strategic investor at […]
Fintech start-up enters third-party channel
A new online mortgage platform has decided to partner with brokers – rather than compete with them — by offering a new digital solution that drives efficiencies in the third-party channel. In the ongoing battle between innovative fintechs and mortgage brokers, Sydney-based start-up LoanFlare has bucked the trend by launching a digital platform to help brokers do the best possible job. LoanFlare provides dynamic home loan rates for consumers to enquire about, empowers clients to enter their application details and provides instant serviceability calculations — all through an engaging website. On the broker side, it also automates workflows and data entry, provides actionable intelligence and minimizes fraud through a comprehensive […]
Fintechs ‘on the front line’ for brokers
A recent meeting has highlighted that when it comes to serving customers in the third-party channel, “there’s a space for everyone”, and that fintechs can act to bolster and expand the businesses of their broker counterparts. The meeting last week was attended by both brokers and fintechs in Sydney and asked the question: “Disintermediation and diversification: what impact will fintech have on finance brokers?” On the night, founder and CEO of uno Vince Turner highlighted that technology has firmly entered it’s “third wave”. “The first wave was simply building the internet. HTML, dial-up, all this kind of stuff in the ‘90s,” Mr Turner explained. “The second wave was building an […]
HashChing brings to market a loan for new business founders and entrepreneurs
Talk to anyone who’s ever tried to get a home loan without a regular payslip or evidence of recurring earnings – and the answer is almost universal – NO. In a regulatory environment being ever tightened by APRA – it would appear the risk profile of lenders is forever shrinking, virtually closing the door on home loan options for start up founders and entrepreneurs. Until now. HashChing, the online marketplace for pre-negotiated cheap home loan deals has a new product just for founders and owners of start up businesses. The home loan, from a leading Australian specialty lender, is available to start up business owners with no […]
LoanDolphin exceeds $100m in home loan auctions
LoanDolphin, Australia’s leading loan bidding platform, has reached a significant milestone with more than $100 million worth of home loans through its platform. LoanDolphin launched in February 2016 and the $100 million mark was surpassed August 2016. LoanDolphin is a free online platform for people to refinance or obtain new home loans at rates not advertised by banks or lenders. Customer’s using LoanDolphin have already begun saving tens of thousands of dollars on their mortgage. Lenders and bankers bid to win customers’ business on LoanDolphin, which have delivered an average savings of $5254 per year to homeowners, according to LoanDolphin CEO Ranin Mendis. “The simplicity, efficiency and negotiating power provided […]
The Pulse of Fintech
‘ The Pulse of Fintech ’ is a quarterly report created by KPMG along with KPMG Enterprise’s Global Network for Innovative Startups and CB Insights (the ‘go to’ name for insights related to venture capital investment) which launched on August 17th, 2016. The series analyses the latest global trends in venture capital investment data on the fintech sector. Given the significant interest in fintech globally, and its ongoing evolution in terms of market drivers, technologies and potential use-cases, KPMG and CB Insights are partnering to bring you the pulse on fintech investment globally. Each quarter, we’ll highlight key fintech deals, issues and challenges around the world, in addition to key […]
