SME business owners selling their products online in Madukara, Malang, East Java (26/10/2020).
Antara Foto
Fintech can help small and medium enterprises in Southeast Asia’s largest economy access funding and expand their businesses.
Back to the start?
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Last minute decision suspends world’s biggest IPO. But it exposes debates still ongoing about how to regulate fintech companies.
Christian Bruna / EPA
Using less cash means leaving more digital traces of where your money goes - but there are ways to keep some privacy.
Close-up on the circuitry of the Vesuvius quantum computer, announced in 2012 by the Canadian firm D-Wave Systems.
Steve Jurvetson/Flickr
On October 23 Google announced that it built a quantum computer thousands of times faster than classic computers. This could have immense impacts on finance, cryptography and other fields.
Taking a loan has never been easier thanks to the proliferation of mobile lending platforms.
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Mobile loan platforms have given Kenyans access to easy loans, but they come at a high price.
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Traditional banks don’t understand the challenge they face from fintech disruptors and their competitive advantage is on the wane.
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Revolut recently got an EU banking licence from Lithuania but it’s facing some political headwinds.
FinTech is rapidly growing, both in Australia and internationally.
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New waves of products offered by FinTech companies are likely to spur banks to compete in a space where they have been slow to innovate.
Young people in Africa are getting addicted to online betting through their mobile phones.
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Mobile money transfers have been a great asset. But the rise of online betting could threaten its contribution.
Spotify’s listing in April this year valued the company at US$29 billion making it the second largest VC-backed debut this decade.
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Now with more unicorns than fintech, could it be showtime for mediatech?
The gates are open.
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Open banking will require data sharing that will disrupt the monopoly that big banks have on customers’ financial data. It will boost the range of products and deals available to people.
Afterpay uses a model that has been around for centuries.
AAP
Many startups now offer “instant” loans for online purchases. This business model has been around for centuries and is incredibly profitable.
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Crypto cash is catnip for criminals and a huge challenge to law enforcement – so it’s time to bring in a tough, jurisdiction-busting regulatory body.
New credit information-sharing rules promise to open up the consumer credit market to increased competition.
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The government needs to learn from the mistakes in the US in sharing our credit history information to third parties.
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Bitcoin’s central appeal of anonymous, irreversible transactions could become its biggest weakness.
Even when bank customers have a very good reason to switch, research shows they’re often reluctant to make the move.
AAP/Paul Miller
Bank customers usually stay with their bank despite scandals in the sector, however new tech that gives consumers more information might help them switch.
Scott Morrison’s UK visit may deliver some new ideas on data for Australia.
Will Oliver/AAP
Australia could follow the UK’s lead in fostering progress in the financial technology sector.
The UK’s strong financial markets have always been attractive to startups but uncertainty might affect venture capital.
Luke MacGregor/Reuters
Brexit’s presents some problems for startups in labour, trade and regulation but its not all bad.
ASIC hopes it will lure fintech startups from Australia and Singapore to its innovation program.
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Business Briefing: ASIC tries to prevent fintech startups from becoming scammers
ASIC is teaming up with its Singaporean counterpart to encourage more fintech startups and dip its toe into the fast moving waters of the digital economy.
The distributed nature of blockchain networks make them useful for many applications.
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While Bitcoin gets all the attention, the blockchain technology it’s based on could have applications across business and government.