Fintech in Australia

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In it's most basic definition, fintech is the marrying of finance and technology (FIN + TECH). But the actual meaning of fintech is constantly evolving and expanding.

To properly understand fintech, let's give it a bit of context.

Fintech has been around since technology has been used to improve financial services. This goes back to the introduction of the first ATM in the late 1960s. However, the modern understanding of fintech is using technology to completely rethink the way we interact with money and challenging incumbent players to keep up. For that reason, fintech can be said to have started after the Global Financial Crisis (GFC).

There were many drivers behind the development of modern fintech. This included a loss of faith in traditional banks, people losing money and property during the GFC and new financial regulations that were introduced because of it. All of these things and more saw the formation of startups trying to do finance differently and using technology to do it more quickly and cheaply. Fintech today has been extended beyond the realm of startups; it has been embraced by banks and companies worldwide and found its way into nearly every corner of finance.

Here, we will keep you up to date with the latest fintech news, reviews, interviews and guides affecting consumers, businesses and industry players.

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4 Responses

  1. Default Gravatar
    NeilNovember 7, 2017

    I’d like to subscribe to your newsletter

    • finder Customer Care
      RenchNovember 7, 2017Staff

      Hi Neil,

      Thanks for your inquiry.

      You may tick the box ‘Subscribe to Finder newsletter for the latest money tips and tricks’ on this page when you submit a question.

      Please make sure you are logged in first on our finder site.

      Cheers,
      Rench

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    EricJune 29, 2017

    I’d like to subscribe to your newsletter for all things fintech, please. Thanks, Eric.

    • Default Gravatar
      JonathanJune 29, 2017

      Hi Eric!

      All you need to do is to tick the box beside “Subscribe to our newsletter” if you leave a question.

      Hope this helps.

      Cheers,
      Jonathan

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