finder fintech roundup: US stocks, ASIC, innovation and fintech awareness

Elizabeth Barry 5 June 2017 NEWS

startup fintech

We hear from Stake, ASIC and international thought leaders Randi Zuckerburg and Mohanbir Sawhney on fintech, business and innovation.

Catch up on what mattered in Australian fintech in the past week.

Want your business to be innovative? Prepare to fail

Businesses need to be prepared to fail if they want to be innovative, according to Mohanbir Sawhney, a professor at the Kellogg School of Management, and Randi Zuckerburg, former director of marketing at Facebook and CEO of Zuckerburg Media. The two international business thought leaders spoke at the World Business Summit this week in Sydney.

Stake makes trading US stocks easy for Australians

We talk to Dan Silver, co-founder and chief operating officer of Stake, about how the Sydney startup is providing Australians access to over 3,000 US stocks via its innovative online trading platform. The platform has already had hundreds of signups since launching two months ago.

Survey: 89% of businesses have never heard of "fintech"

A new study from "Find-a-Tradie" site has found that 89% of those surveyed have never heard of "fintech". However, as the survey data came from over 700 SMEs "registered to quote jobs" through the platform, it may not be a true representation of the entire business community as the platform is comprised of those mostly in the service and trade industries.

ASIC: "We shouldn't be picking winners"

Chairman of the Australian Securities and Investments Commission (ASIC) Greg Medcraft spoke about the regulator's strategy for its regulatory sandbox at the CeBIT conference. The threefold approach involves ASIC not "picking winners" using the sandbox but rather facilitating.

The finder fintech roundup is a summary of the news in fintech from the past week. Check back every Monday to catch up.

Picture: Shutterstock

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