Features

Open Banking is here: what this means for you

- July 1, 2020 4 MIN READ

In Australia, open banking has been a term bounced around in the financial sector since 2017. Only in the last two years we have seen movement, and the Big Four banks (CommBank, NAB, Westpac and ANZ) have begun beta testing since legislation passed in 2019, says Erich Gerber, Senior Vice President, APJ and EMEA, TIBCO… Read more »

News

Report finds women better at managing money than men

- November 3, 2019 3 MIN READ

Leading credit score provider Credit Simple’s state of the nation report found women are better at managing money than men despite common misconceptions that men are savvier with their finances. Credit Simple found women have higher credit ratings in almost every state, city and region in Australia despite the gender pay gap and common attitudes… Read more »

Finance

Banking code remains unfair to small business says Ombudsman

- October 30, 2018 2 MIN READ

The banking code needs a major overhaul to address unfair treatment of small businesses, according to a submission lodged by the Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, on the interim report of the Banking Royal Commission. “Commissioner Hayne reported that the ‘chief protection for small business borrowers … remains the code’, so unless… Read more »

Finance

Get the lowdown on borrowing from Fintech lenders with this guide

- September 12, 2018 2 MIN READ

The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) and the theBankDoctor.org have released a guide to provide small business owners with all the info they need to better understand borrowing from alternative finance sources such as fintech organisations. The Ombudsman Kate Carnell suggested the guide will help SMBs to understand the jargon and receive a clearer… Read more »

News

Fintech startup Wiise hope to end SME painpoints

- August 20, 2018 2 MIN READ

Fintech startup Wiise has launched software, specially designed to help growing SMBs solve their financial and operational pain points. Created by KPMG Australia, built on Microsoft, and supported by Commonwealth Bank, Wiise is an end-to-end, integrated, cloud-based business management platform. Wiise has been specially designed to help solve the pain points of Australian SMBs. Research of… Read more »

News

Report finds accessing growth capital a barrier for many SMEs

- June 29, 2018 2 MIN READ

Accessing finance still remains a barrier for Australia’s small businesses according to the results of the Affordable Capital for SME Growth report. The report is a follow-up the Barriers to Investment study which took place in 2017 and identified a funding gap for many of the nation’s small businesses. According to the Australian Small Business and Family… Read more »