Category Archives: People

Market Perspectives: Simon Cordell the Head of Credit Risk at Ratesetter Australia

Last Friday, I sat down with Simon Cordell the Head of Credit Risk at Ratesetter Australia. Simon is a 20-year veteran of consumer and SME credit (he was head of small business risk management and head of consumer risk at Amex (Australia) before joining RateSetter in 2016) and has worked all over the world for Amex. He

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A Blockchain solution for Marketplace Lending, it’s from Sydney

Blockchain continues to generate a huge amount of interest and hype within the global capital markets, and now we see something tailored for marketplace and alternative lending coming from Sydney. The use of blockchain (distributed ledgers) provides a new approach for data management and transparency, which will become a solution to many of the inefficiencies

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Innovation Nation a discussion with Alex Scandurra the CEO of Stone and Chalk

Alex Scandurra the CEO of Stone and Chalk would like Australia to be globally recognised as the “Innovation Nation”. Stone and Chalk is Sydney’s soon to be opened non-profit, government and corporate backed fintech hub. To better understand the vision that Alex has for the hub, this week I sat down with him for a

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InvoiceX no need to be sitting in Sydney nor Melbourne

A new dedicated invoice financing platform called InvoiceX is operating out of Hobart in Tasmania. A long way from the market noise of Sydney or Melbourne with government and corporate funded incubators and banks desperately stepping all over one another trying to be seen as leading the fintech race in Australia, but as always oblivious

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Australian Marketlend goes quietly about business

The Australian marketplace lending platform Marketlend goes quietly about it’s business. The company has been open since December 2014, yet has taken a rather low key approach compared to many of their competitors and even those that are still to launch. I decided to catch up for a coffee with Leo Tyndall the CEO and

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More Europeans arrive – Spotcap now open for business

As of Tuesday, more Europeans have entered the Australian SME Lending Market, this time with Spotcap now open for business. Last year we saw the launch of Ratesetter and ThinCats, with Ratesetter focused on  pure P2P consumers and ThinCats on secured business lending. So yesterday I sat down for a coffee with Lachlan Heussler the MD

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Stone and Chalk the new Sydney Fintech Hub established, the banks must be very pleased

Yesterday the NSW Premier Mike Baird, announced that a new Sydney Fintech Hub called Stone and Chalk will be opened in May. The new hub will be located on the 26th floor of a building in the Sydney Central Business District. The floor will be transformed into a space, with the hope that a new future for financial

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Do Australian Banks get the Fintech revolution, Hartzer at Westpac does.

Do the Australian banks get the Fintech revolution, well Brian Hartzer does. After working for Westpac in Sydney as their Global Head of Credit Trading for over 4.5 years. I have been watching closely the handover of the CEO reins from the much admired Gail Kelly to now Brian Hartzer. As of today, Hartzer has

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Now targeting SME’s, welcome ThinCats to Australia

With their intention to target Australian small and medium enterprises (SME’s), the UK marketplace lender ThinCats opened its website for business. The online lending platform enables sophisticated and wholesale investors to lend directly to these SME’s. The Australian arm is run by Sunil Aranha, a banking veteran, who has had a distinguished career with Citi,

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El-Erian leaves Pimco takes a US$12m equity stake in P2P

Major management changes for Pimco http://pimco.com have been the flavour of 2014, with the departure of Mohamed El-Erian earlier in the year, and the more recent departure of Bill Gross. El-Erian has now disclosed he has made an investment of some $12m in the US P2P lender Payoff. This year the two high profile heads

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