finder fintech roundup: Recession talk, new partnerships and Macquarie Bank’s competition
This is what Australian fintech players are up to the week before Christmas.
Macquarie Bank, GoCatch, ZipMoney and more have been making fintech headlines this week.
Why Macquarie Bank doesn't see financial institutions as competition
The international banking group is placing itself in competition with the likes of Spotify, WhatsApp and Twitter as it uses machine learning to innovate its product offerings.
What recession? Australian startups reject talk of an economic downturn
A new survey from MYOB shows that 26% of Australian small businesses expect the economy to improve in 2017 while a further 33% expect it to remain the same.
GoCatch customers can get $20 credit when they use AndroidPay
It appears taxis are recognising new financial innovations as well, with GoCatch encouraging customers to use Android Pay. Customers using GoCatch can take advantage of Android Pay's platform as well as $20 credit when they use Android Pay with the taxi app.
New partnership offers a "buy now, pay later" option for luxury travel
A new partnership between leading Australia travel retailer Luxury Escapes and zipMoney will allow customers to pay off their holidays over time, interest-free. Luxury Escapes general manager Blake Hutchison says "innovation and financial technology are now pervasive" and that this new partnership will help more Australians to have a Luxury Escape.
The finder fintech roundup is a summary of the news in fintech from the past week. Check back every Friday to catch up.