Fintech

Outgoing FinTech Australia Chief Defends Tenure as He Steps Down

FinTech Australia chief executive Brad Kitschke has stepped down due to health reasons, having only started in the role in May.

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Are Banks Serious About Fintech?

I’m often asked how I got into FinTech. It’s an interesting question as I’ve been involved in Finance and Technology all of my life. Back in the day, it wasn’t called FinTech. It wasn’t cool. It was just boring old tech in banking. Interestingly, for almost a quarter century, tech in banking was all about […]

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Banks to Beef Up Their Collaboration With FinTechs for Innovation

In the coming years, banks will even more closely work together with FinTechs. With agile new competitors eating into their market share, many banks do this mainly to gain speed in innovative technologies and combat this trend. Traditional players in the banking industry are often able to trace their roots back centuries.

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FinTech Australia Discovers Uber Trick Won’t Work on the Big Four Banks

Uber’s former director of public policy and government in Australia, Brad Kitschke, has only lasted for four months as CEO of FinTech Australia. Dominic Lorrimer Uber rose to prominence and captured market share with a pugnacious style that revolved around flouting laws and picking fights. But financial services is not ride-hailing.

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It’s a Mistake to Block the OCC’s Fintech Charter

The Conference of State Bank Supervisors recently announced that it intends to refile a lawsuit against the Office of the Comptroller of the Currency, and the New York State Department of Financial Services has refiled a lawsuit against the OCC, each in an effort to block the agency from offering special-purpose national bank charters to […]

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Unregulated Fintech Could Be the Source of the Next Market Crash

Ten years after the start of the Great Recession, the U.S. economy is currently booming. But some industry experts fear that, without regulation, financial technology (fintech) companies like Biz2Credit, Fora Financial, Kabbage, LendingClub, Lendup and OnDeck Capital, Inc. could bring about the next market crash.

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Fintech and the Digital Future: Bloomberg QuickTake

Not so long ago, homebuyers, entrepreneurs and investors went hat-in-hand to the bank to apply for a mortgage, small-business credit line or brokerage account. Financial technology, or fintech, is rapidly changing all that by making it easier to save, borrow and invest online or with a mobile device, without ever dealing with a traditional bank.

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Africa’s Fintech Startups Are Innovating Out of Need and Global Investors Are Backing Them

It is hard to miss news of the several funding rounds recently raised by fintech startups in Africa. After pulling in almost a third of total funding raised by startups on the continent in 2017, the hot streak for African fintech businesses has continued this year.

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Ant Financial Launches B2B Fintech Suite With Blockchain, AI Solutions

Ant Financial Services Group, the payments and financial services arm of Chinese e-commerce giant Alibaba, has launched a new suite of fintech products and services targeted at financial institutions and banks.

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How Lehmans Collapse Started the FinTech Fire

It’s interesting that the Global Financial Crisis (GFC) sparked by Lehman Brothers collapse in September 2008 sparked the FinTech revolution, according to some. I personally think FinTech was bubbling away before the GFC but, certainly, the GFC led to massive investment focus upon changing the system (almost 100 billion since 2010).

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Goldman Sachs Nears Deal to Sell Its Fintech App

Goldman Sachs is in advanced talks with several financial companies to spin off its three-year-old app, Simon, which sells complex financial products to retail investors, a source familiar with the matter told Reuters.

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Banks Step Up to the Fintech Threat

Winning, or even succeeding, in today’s global market requires a new set of tactics. Manoeuvring through the rapidly changing landscape demands a wider and yet more detailed map. Gone are the days when providing a faster, better, cheaper solution is all it takes to stay ahead of the competition.

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