Tagged: australia

March 7, 2017 @ 6:46 am By Erin Hobey  |  

P2P lender RateSetter announced a partnership with national mortgage aggregator Connective which aims to give accredited brokers access to their personal loan products. “We believe natural synergies exist between Connective and RateSetter given both companies were founded as industry disruptors which challenge the status quo… Read More

March 5, 2017 @ 6:24 pm By JD Alois  |  

Following the release of an important standards roadmap, the leading body for Australia’s Fintech industry said the country was well positioned to take advantage of emerging Blockchain technology or distributed ledger technology (DLT). Standards Australia has recently released its Roadmap for Blockchain Standards Report, which outlines how… Read More

March 5, 2017 @ 6:11 pm By JD Alois  |  

Standards Australia has published a roadmap for Distributed Ledger Technology (DLT) commonly called Blockchain. Dr. Bronwyn Evans, CEO of Standards Australia, said that Blockchain has the potential to support efficient and secure real-time transactions across a number of sectors, including financial services. She described Australia as… Read More

February 27, 2017 @ 3:00 pm By Samantha Hurst  |  

Australian business media company Fintech Business announced the winners of the 2017 Fintech Business Awards, which recognized the outstanding innovation and entrepreneurship in the Australia fintech sector. The inaugural event’s description reads: “The inaugural Fintech Business Awards seeks to identify and acknowledge the leading individuals… Read More

February 27, 2017 @ 9:41 am By Samantha Hurst  |  

Australia’s peer-to-peer trade credit platform Marketlend announced on Monday it has appointed Brad Pattelli as its new non-executive director and member of the board. Pattelli reportedly has decades of experience as an investor in a broad range of businesses, multiple prior public, and private board roles. He… Read More

February 21, 2017 @ 8:03 am By Erin Hobey  |  

Now the New Zealand-based marketplace lender Harmoney has launched in Brisbane, Australia with over $200M in lending capital targeting the  40+ demographic , according to Australian Broker. Interest rates on the company’s unsecured loans start at 8.99% p.a. with no early repayment fees and the ability to borrow… Read More

February 20, 2017 @ 4:41 pm By JD Alois  |  

Paul Niederer, former CEO of the Australian Small Scale Offerings Board (ASSOB) – the very first platform established to raise capital online, posted a comment letter in response to the proposed Australian Crowd-Sourced Funding Bill (crowdfunding for the rest of the world). Never one to… Read More

February 16, 2017 @ 9:04 am By Samantha Hurst  |  

Australia’s Auswide Bank Ltd. (ASX:ABA) announced on Thursday it is increasing its equity stake in peer-to-peer lender MoneyPlace Holdings Pty Ltd. According to Auswide Bank, it will have a controlling interest of at least 51% in MoneyPlace with the potential to increase that interest up… Read More

February 15, 2017 @ 11:05 pm By JD Alois  |  

  The Australian Fintech industry and Jobs for NSW have joined to launch new awards to celebrate the achievements of Australia’s financial technology pioneers. Deputy Premier and Minister for Regional NSW, Skills and Small Business, John Barilaro, stated that Jobs for NSW will provide $80,000… Read More

February 13, 2017 @ 4:02 pm By JD Alois  |  

Equitise is an investment crowdfunding platform set up to operate in New Zealand and Australia. While New Zealand created a bespoke regulatory regime to allow equity crowdfunding to evolve some time ago, Australia has struggled to enact new rules. This week, the Australian Senate published… Read More

February 13, 2017 @ 10:59 am By JD Alois  |  

Today the Australian Senate published a report on the Corporation Amendment or Crowd-Sourced Funding Bill – the legislation designed to improve the investment crowdfunding sector in Australia. The provisions of the bill were referred to the Economics Legislation Committee. The committee recommended that the bill… Read More

February 12, 2017 @ 12:01 pm By JD Alois  |  

Lykke, a Zurich-based Fintech firm that wants to become the “world’s first regulated marketplace built on cryptographic technology” is offering a one-year forward contract on a bespoke cryptocurrency or Lykke Coin with a 20% discount. Announced last week, Lykke basically will provide a 20% discount… Read More

February 6, 2017 @ 4:50 pm By Samantha Hurst  |  

UK’s Department for International Trade announced last week it would bring a trade delegation of eleven of the country’s fintech companies to Australia and New Zealand in March 2017. The eleven companies selected were Aire, Clarus FT, Clearmacro, FundApps, ingage, iwoca, neyber, ObjectTech, Onfido, Sybenetix, and Tradle…. Read More

February 6, 2017 @ 2:54 pm By Samantha Hurst  |  

Blockchain project Chronobank announced on Sunday it has officially joined national Australia Fintech Industry Association, also known as Fintech Australia. FinTech Australia, which was founded in October 2015, has more than 70 startups, venture capital funds, hubs, and accelerators throughout Australia that specialize in fintech that… Read More

February 3, 2017 @ 11:58 pm By Jessica Pham  |  

In a follow-up to Australia’s National Fintech Cyber Security Summit in May 2016, Data61 published a new report called “Startup Secrets: How Australia Can Create New Businesses with Fintech and Cyber Security Industry Collaboration”.  The report highlights how the government and private sector can invest… Read More

January 31, 2017 @ 8:08 am By JD Alois  |  

Australia is embracing the innovation of Fintech. The advancement in the rest of the world has not been ignored.  Seeing opportunity, the Australian government has been working on crafting an environment where rules do not hinder financial innovation and regulations are crafted to encourage competition… Read More

January 27, 2017 @ 10:57 am By Erin Hobey  |  

The Australian largest marketplace lending platform SocietyOne announced John Cummins has joined the group as CIO, according to The Advisor. Reporting to SocietyOne CEO and MD Jason Yetton, Cummins will be responsible for SocietyOne’s funding requirements to support demand from an expanding number of borrower customers, including building on SocietyOne’s existing network… Read More

January 22, 2017 @ 5:19 pm By JD Alois  |  

Leveraging a common language and an emerging Fintech regulatory realm that is improving, SoFi is poised to enter the mortgage lending market in Australia. First reported in the Financial Review, SoFi, one of the largest online lenders in the US, is prepping to challenge  Aussie… Read More

January 16, 2017 @ 12:30 pm By Samantha Hurst  |  

Australia’s startup accelerator H2 Ventures is set to receive a $2 million loan from Jobs for NSW. The funds will reportedly give H2 Ventures access to a $4 million loan from Investec Australia, along with helping the accelerator create 400 jobs for 40 fintech startups in… Read More

December 21, 2016 @ 12:53 pm By Samantha Hurst  |  

On Wednesday, Kiwi-based crowdfunding platform Sportfunder announced it formed a partnership with Australian funding portal Pozible as it prepares to expand its Asia-Pacific region exposure. Sportfunder, which was founded in 2012 by Craig Williamson, is an international crowdfunding platform that is designed to specifically assist… Read More