Australian BNPL Business Credit Card Cape strengthens exec team
Cape, the first BNPL Business Credit Card, has announce the appointment of Gerry Hoare as its first Non-Executive Director.
Australian FinTech company profile #92 – ClearScore
ClearScore make finances simpler and easier for people so they can save money, starting by giving them their credit report for free.
Access to credit critical to small business survival: Ombudsman
The Australian Small Business and Family Enterprise Ombudsman welcomes the decision to provide some non-bank lenders with access to the SME Guarantee Scheme
Online start-up Tippla offering Aussies a unique way to secure their credit scores amid COVID-19
Online platform Tippla offers Aussies a unique tool to manage their credit scores in a time where COVID-19 threatens to push many into financial hardship.
New credit report provider launches in Australia
A new credit report provider has launched in Australia providing users with free credit scores and reports and a marketplace for loans and credit cards.
Comprehensive credit reporting laws will drive innovation and protect banks
In the blue corner, lining up to support the bill to ensure customer repayment history is provided in credit reports, are: the government, all of the banks, the entire fintech industry, the credit bureaus, the regulators (especially the Australian Prudential Regulation Authority), and many equivalent western economies such as the US, UK, Canada and New Zealand. In the red corner, lining up against it, are consumer groups and the Labor party. At the last election, Labor also supported “comprehensive credit reporting” like nearly everyone else, but this month decided to back a 12-month delay to the reporting of “repayment history information”, which sits at the core of the regime. Positions […]
The other credit risk to watch in China: Fintech-fuelled debt
China’s government has copped what Scott Morrison is so desperate to avoid: a credit rating downgrade. But in the discussion about Moody’s surprise move last week to cut its rating for our biggest trading partner, there’s one word that has been notably absent, even though it’s a risk of growing importance to investors and officials. That word is “fintech”. Nowhere are the large potentially huge benefits of fintech – and longer-term risks – clearer than in China. This realisation comes as financial regulators everywhere, including in Australia, start to turn their attention to how these risks could eventuate, if fintech one day grabs a larger share of the financial services […]
