Three-quarters of Australian fintechs consider the banking royal commission to have provided opportunities for the local industry, a new survey by EY has found, with median revenue in the sector having grown by 80 per cent from 2018.
Write comment (0 Comments)Larger banks have been neglecting a need to shake up their legacy systems, leaving gaps in the market for fintechs to creep in and expand, according to a senior designer from neobank Up.
Write comment (0 Comments)Small business marketplace 9 Spokes has appointed a new independent non-executive director, who will chair its board of directors’ audit and risk committee.
Write comment (0 Comments)Addressing the Future Banking Forum on Wednesday, APRA General Manager Melisande Waterford said that neobanks could have a positive impact on the finance industry despite their low market share.
Write comment (0 Comments)Proximity to investors and a favourable regulatory environment make Sydney an ideal fintech hub, according to Bailador CEO David Kirk.
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