Opinion

FinTech Australia says government should invest directly in the sector to create a startup boom

- March 5, 2020 4 MIN READ

FinTech Australia managing director Rebecca Schot-Guppy appeared before the Senate Select Committee on Financial Technology and Regulatory Technology last week. The committee is investigating the potential and opportunities in FinTech and RegTech for Australian business and consumers and initiatives to promote startups in the sectors. The committee is due to hand down its final report in… Read more »

News & Analysis

ACS tells Senate inquiry there’s a $16 billion pot of gold for the financial sector if it embraces fintech AI

- March 3, 2020 3 MIN READ

The fintech sector has the potential to deliver up to $16 billion in efficiencies to the financial industry via artificial intelligence, new research commissioned by the ACS reveals. The IT sector professional body recently presented the research by AI analytics firm Faethm to a Senate Select Committee investigating fintech and regtech ACS CEO Andrew Johnson… Read more »

News & Analysis

Fintech Assembly Payments is launching e-commerce joint venture with UK banking giant Standard Chartered

- February 12, 2020 2 MIN READ

British banking multinational Standard Chartered is launching a joint venture company with fintech Assembly Payments to develop next generation payment solutions for the US$29 trillion e-commerce sector. The deal is a major coup for Assembly Payments, which launched in Melbourne in 2014, began providing online payment solutions with escrow services for marketplaces and platforms, before… Read more »

News & Analysis

New data reveals the boom in payments fintech as challenger Payright expands to New Zealand

- November 14, 2019 2 MIN READ

Payright co-founders Piers Redward and Myles Redward. Photo: supplied Australian payment plan fintech Payright is launching its buy now, pay later service in New Zealand in its first offshore foray. The buy now, pay later (BNPL) startup, typically for products prices between around $1,000 and up to $20,000, will start across the Tasman with direct… Read more »

News & Analysis

Founders respond to the Senate’s fintech and regtech issues paper

- October 25, 2019 5 MIN READ

Liven co-founder Grace Wong The Australian Senate’s Select Committee on Financial Technology and Regulatory Technology released an issues paper  this week ahead of its inquiry into the sector. The committee will look at the size and scope of the opportunity for Australian consumers and business arising from financial technology (fintech) and regulatory technology (regtech); barriers… Read more »

News & Analysis

EY FINTECH CENSUS: The Hayne royal commission was a blessing, but now money is tight

- October 17, 2019 4 MIN READ

The 2019 EY FinTech Australia Census reveals the Hayne Financial Services Royal Commission was good for the local fintech sector 42% of fintechs say relationships with existing financial institutions improved over the past year 77% of fintechs are now post-revenue and median revenue has grown 80% from 2018 Nearly half report a stronger uptake of… Read more »

Opinion

How fintech put customers back at banking’s core

- October 17, 2019 3 MIN READ

The traditional banking sector has well and truly been disrupted. In a recent PwC report on how fintech is shaping financial services, it estimates the cumulative global investment in the space could exceed 150 billion over the next few years. So, what exactly is it that fintech is bringing to the table to warrant all… Read more »

News & Analysis

This new fintech app lets investors manage their property portfolio on a phone

- October 17, 2019 2 MIN READ

Properlytics, a new proptech platform for property owners to keep track of the value of their investments has been released by Brisbane fintech developer Brodie Haupt. Designed so investors can manage and track the performance of their real estate portfolio and keep all the information at their fingertips, Properlytics saves hours in record-keeping and staying… Read more »

News & Analysis

Australia’s top fintech investors will debate the latest funding trends in Melbourne

- October 16, 2019 2 MIN READ

The most recent trends in fintech investment in Australia will be debated by some of the investors at the forefront of the sector a special Techboard Roundtable in Melbourne this Friday, October 18. Presented in association with Fintech Australia and the Intersekt Festival, the Techboard roundtable discussion will  focus on the future of funding for… Read more »

News & Analysis

‘A LACK OF MOATS’: NY business professor who predicted WeWork’s demise picks apart Afterpay

- October 9, 2019 2 MIN READ

As WeWork began its ill-fated IPO attempt a few months ago, NYU Stern School of Business Professor Scott Galloway delivered several devastating assessments of the business, which many of his predictions coming to pass. In the wake of WeWork’s plumment, Prof Galloway has turned his attention to the fintech startup darlings offering buy now pay… Read more »