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How banks are partnering with fintechs on deciphering transaction data

Responsible lending practices are back in the headlines, and once again Australia’s major banks are under fire.

In statements to ASIC, all major banks inferred that using transaction data to access loans is an expensive and risky exercise.

What wasn’t reported, however, is that all major banks are leveraging partnerships with fintechs to quickly build out this capability.

Behind the headline, this is yet another story of bank and fintech partnerships working towards better outcomes for society.

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FinTech Australia announces Finnies finalists

6 May, 2019 — Fintech greats and some fresh contenders are among the finalists for the third annual Finnie Awards.

Held in Melbourne for the first time, this year’s event will celebrate collaboration and partnerships, a focus of FinTech Australia in 2019.

“The judges have commended the calibre of entries this year. All the finalists on this list are truly deserving as the competition was tough,” FinTech Australia General Manager, Rebecca Schot-Guppy said.

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FinTech Australia opens entries for 2019 Finnie Awards

Australia’s only industry-backed fintech awards, the Finnies, is calling for entries as it marks a shift from Sydney to Melbourne.

The awards give over 100 fintech startups the opportunity to be recognised by their peers for their work and innovation.

This year, the awards will hone in on collaboration in the fintech sector, with the introduction of several new awards including: Deal of the year, Partnership of the year and Biggest raise of the year.

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