Post Tagged with: "small business banking"

Australia more “fintech-ready” than some European peers – TransferWise

Australia more “fintech-ready” than some European peers – TransferWise

by September 23, 2016 at 3:06 am 1 comment

Often touted as a niche industry, this author is seeing early signs that mass-acceptance of fintech providers by consumers and businesses is creeping closer to a tipping point, of sorts. The call may be slightly premature, however the following recent announcements by various industry players all point towards a growingRead More

A fintech apple a day could keep the bankers away

A fintech apple a day could keep the bankers away

by September 16, 2016 at 3:14 am 1 comment

If you’d read my post last week, you would have seen I was in Brisbane, Australia for Xerocon South. And given I learned so much, I just had to do a follow up post this week. First and foremost, Xero see themselves as an enabler of small business – globally.Read More

Fintech Startup Takes Aim at Financial Modelling for SMEs

Fintech Startup Takes Aim at Financial Modelling for SMEs

by September 9, 2016 at 3:00 am 0 comments

Today I’m coming to you live from Xerocon South in Brisbane, Australia. Xerocon is cloud accounting behemoth Xero’s flagship event – a conference that brings together accountants, bookkeepers, cloud integrators and add-on partners from within its 500 strong global partner ecosystem, the latter all vying for the hearts and mindsRead More

XBRL to Flatten Information Asymmetries in the Small Business Lending Market

XBRL to Flatten Information Asymmetries in the Small Business Lending Market

by September 2, 2016 at 3:07 am 1 comment

There is simply nothing more frustrating than trying to communicate with someone when neither of you speak the same language. Having just returned from a holiday in Morocco, I found myself in this exact situation on more than one occasion. Luckily, when English wasn’t an option, my schoolgirl French was often able to bridgeRead More

Fintech Players Up the Ante on Comprehensive Credit Reporting

Fintech Players Up the Ante on Comprehensive Credit Reporting

by August 26, 2016 at 3:00 am 2 comments

Image credit: Cafe Credit In March 2014 the Australian Parliament rubber stamped new Credit reporting & Privacy Laws that enabled Credit Providers (CPs) and Credit Reporting Bureaus (CRBs) to commence voluntary Comprehensive Credit Reporting (CCR). Australian lenders are well behind on CCR, much to the detriment of Australian borrowers, argue many fintech startups.Read More

Why Serving Small Business Is a Smart Move (After Decades of Being a Dumb Move)

Why Serving Small Business Is a Smart Move (After Decades of Being a Dumb Move)

by August 25, 2016 at 1:00 am 1 comment

Image source In 1954, Fortune 500 companies accounted for around 1/3 of GDP in America. By 2000, that share had doubled to 2/3. Hidden in those numbers are the countless family farms that could not withstand the onslaught of Agribusiness and the mom & pop shops that closed when WalmartRead More

Harnessing the reputation economy to build the next small business bank

Harnessing the reputation economy to build the next small business bank

by August 19, 2016 at 3:00 am 1 comment

Photo by Denis Dervisevic In this two part series, we delve into the reputation economy and its impacts on small business finance and banking. In today’s second and final post we put forward a blueprint for a new kind of small business bank – one that actively improves its customers reputations withRead More

Why the Reputation Economy Is Central to Fintech

Why the Reputation Economy Is Central to Fintech

by August 12, 2016 at 3:00 am 3 comments

Photo by Denis Dervisevic In a two part series, we delve into the reputation economy and its impacts on small business finance and banking. In today’s first post we explore the basic concepts and thinking behind the reputation economy and its growing relevance in B2B and B2C transactions. If you’ve ever beenRead More

Going, Going, Gone – Crowdfunded Real Estate Taps into Australia’s Love Affair with Property

Going, Going, Gone – Crowdfunded Real Estate Taps into Australia’s Love Affair with Property

by August 5, 2016 at 4:40 am 1 comment

Australians have a love affair with property. According to CoreLogic data, Australian house prices have already increased by 6.3 percent this year. On its own, this number is relatively impressive, however it’s the post GFC growth data that tells a rather more sobering or encouraging story – depending on whichRead More

Goodbye admin, hello Pegg – Sage introduces its first small business chatbot

Goodbye admin, hello Pegg – Sage introduces its first small business chatbot

by July 27, 2016 at 3:00 am 1 comment

                        The writing is on the wall for banks and their customers. Soon banking and all its associated tasks will be completely embedded in our everyday lives. Banking will live in the platforms we love to engage with, allowing us to accessRead More