finder fintech roundup: Interest-free payments, banks behaving badly

Matt Corke 21 October 2016 NEWS

fintech roundup 21102016

This week the focus was back on disruption of the Big Four.

Smaller players took the spotlight this week with the CEO of True Pillars arguing for more support for fintech. Big banks would be more accountable for their actions, he said, by regulating the industry.

TruePillars CEO: supporting fintech would make banks better behaved

John Baini, CEO of True Pillars, wants Australian fintech companies to adopt practices in the Uk that encourage competition in finance. We sat down with Baini and spoke about SME finance and how to avoid the next GFC.

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Australians are using peer-to-peer loans to consolidate their debt

In the name of transparency, another round of Ratesetter data was released. We analysed its public loan books to find out what Australian peer-to-peer (P2P) borrowers are using their loan funds for.
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New service Openpay gives a fintech makeover to interest-free payments

It’s common knowledge that most credit cards offer interest-free options, and in-store finance is locked down by the bigger players. We chatted to Openpay CEO, Simon Scalzo about his plans to disrupt the interest-free landscape.
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The finder fintech roundup is a summary of the news in fintech from the past week. Check back every Friday to catch up.

Image: Shutterstock

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