Salesforce makes an open banking move
Salesforce is seeking to exploit Australia’s “consumer data right”, investing alongside Westpac and NAB in open banking platform Basiq.
Australian FinTech company profile #44 – Split Payments
Split Payments is the worlds first open banking payments platform, delivering Consent Management, Real-Time Direct Debit and Intelligent Clearance solutions.
The 4th Annual Australian FinTech Awards finalists have been announced
The 4th Annual Australian FinTech Awards will be held in Sydney tomorrow night, Thursday August 1, 2019. Congratulations to all the finalists.
The changing face of financial advice
Open banking platform Basiq and CRM software provider AdviserLogic have partnered to solve this issue and improve the way financial advice is given.
Banks could implement an open banking solution in three months
Australia’s banks could implement a solution in three months that meets ACCC’s Open Banking pilot regime protocols and ASIC’s new responsible lending principles
Turn pocket change into special purchases with Sipora
How the Banking Royal Commission will affect the auto-financing industry
The recent release of the banking royal commission’s interim report has highlighted that responsible lending practices need to be extended to the auto-finance industry. The implications of this for entities making car loans is significant as 90% of all car sales are currently arranged through finance, many of which have fallen short of responsible lending provisions. According to the report it is not enough just use ‘likelihood of default’ as a measure of loan suitability. Prior to making an assessment on whether a loan is suitable, the licensee must now take a number of steps to ensure responsible lending provisions are met. These necessary steps include: “making reasonable inquiries about […]
The finalists of the 2019 Fintech Business Awards have been announced
The finalists of the 2019 Fintech Business Awards have been announced. Congratulations and good luck to all the finalists – both individuals and companies.
