Post Tagged with: "small business banking"

Why Having No Customers Could Be The Best Thing for Your Fintech Startup

Why Having No Customers Could Be The Best Thing for Your Fintech Startup

by December 2, 2016 at 1:19 am 1 comment

In Malcolm Gladwell’s book “David and Goliath: Underdogs, Misfits, and the Art of Battling Giants”, Gladwell asks his readers to reframe the classic biblical battle of David and Goliath. Rather than say David won despite his disadvantages in height and size, he argues David’s disadvantages should rather be seen asRead More

Scaling A Challenger Bank From The Back to the Front

Scaling A Challenger Bank From The Back to the Front

by November 25, 2016 at 1:19 am 2 comments

Challenger banks start from a pretty grim position – most of them don’t have any customers. So how are they scaling? Well, whatever they do, it’s important they consider the word scale from both a backend operational perspective and a frontend on-boarding perspective. My view is the most brilliant challengerRead More

The New Zealand Economy’s $45 Million Credit Card Brake

The New Zealand Economy’s $45 Million Credit Card Brake

by November 18, 2016 at 1:32 am 1 comment

In October of this year the New Zealand Government’s Ministry of Business, Innovation & Employment (MBIE) released an issues paper outlining the current state of the country’s retail payment systems. The paper is part of a broader conversation about payments, technology and banking efficiency that many governments are starting toRead More

Banking on the API Bundle of the Future

Banking on the API Bundle of the Future

by November 11, 2016 at 2:00 am 2 comments

If you thought ‘fintech’ was a buzzword, get ready for ‘open’. Open data, open APIs, open access – you name it. Banks are under pressure on multiple fronts to open the doors and let in the tech punters, all of whom are hungry for a slice of customer data. OpenRead More

Who’s Building the Banking Smart Pipes?

Who’s Building the Banking Smart Pipes?

by November 4, 2016 at 2:55 am 1 comment

On the 11th of March the world celebrates World Plumbing Day. For most of us, this probably doesn’t mean much. Mainly because in the western world we take great plumbing for granted. Working sanitation seems like such a non-event, that the idea of celebrating it seems redundant. But of courseRead More

Creating the virtual bank – Tink makes the Fintech 100

Creating the virtual bank – Tink makes the Fintech 100

by October 28, 2016 at 3:04 am 1 comment

This week saw the release of The Fintech 100, a collaborative report put together by H2 Ventures and KPMG. The report takes a global look at the 50 established fintech businesses and 50 emerging stars and is a must read for anyone wanting to understand the industry landscape. Behind lendingRead More

What you need to know about Australia’s New Payments Platform

What you need to know about Australia’s New Payments Platform

by October 21, 2016 at 2:46 am 0 comments

The New Payments Platform (NPP) is the Australian equivalent of the UK’s Faster Payments Service – only on track to be implemented just under 10 years later. Real time payments are a no brainer. Daily Fintech wrote about the implications these payment systems have on consumer behaviour back in JuneRead More

Why fintech companies should measure performance differently to banks

Why fintech companies should measure performance differently to banks

by October 14, 2016 at 2:48 am 0 comments

In 2006 the Faculty of Business and Law at Deakin University in Australia launched a study into the correlation between directors’ remuneration and performance in the Australian banking sector. Spearheaded by the School of Accounting, Economics and Finance, they sought to add to a relatively deficient body of literature onRead More

‘Wear’ To Go Next for Business-first Wearables?

‘Wear’ To Go Next for Business-first Wearables?

by October 7, 2016 at 2:59 am 1 comment

Mention wearables, and most of us immediately think consumer first – the Apple Watch, Fitbits, Google Glasses and so on. But when it comes to business or enterprise applications for wearables, many of us draw a blank. The challenge for many of the companies that create wearables (Apple, Google etc),Read More

Fintechs Might Be Scalable, But Are They Defensible?

Fintechs Might Be Scalable, But Are They Defensible?

by September 30, 2016 at 3:33 am 1 comment

Scaling a business is a challenging endeavour for a fintech provider up against the big old boys of banking. Unlike an incumbent, in the early days many are single product shops, and often lack a decent loss leader. This can prove challenging on the pricing front, especially when you’re trying toRead More