According to KPMG, investment in Australian fintech has grown from $53 million in 2012 to over $675 million in 2016. There were less than 100 fintech startups in 2014 and there are 579 companies as of August 2017. Ultimately, fintech is expected to add $1 billion (AUS) to the Australian economy by 2020. Audrey William, Head of Research, ICT Practice, […]
There’s a myth in Australia that young Millennials are not financially savvy, and that we tend to spend our money foolishly. This even made the global news in May when an Aussie millionaire real estate developer, Tim Gurner, said that Millennials absolutely won’t be able to own their home when “spending $30 a day on smashed avocados and coffees and […]
When it comes to traditional wealth advisers giving financial advice to clients, the cost is often too high and few people can afford the services. The problem lies in gathering the necessary data required in order to create custom solutions to suit an individual client’s needs.
Financial service providers – banks, wealth management advisors, and fintech startups – are embracing the application of Artificial Intelligence (AI) and machine learning throughout the industry. What’s notable is that these emerging technologies are gaining significant momentum and delivering unique value to consumers in financial services as well as other industries.
Monefly is an innovative new Fintech platform in Australia, focused on providing tools and resources that empower its members to grow income, reduce expenses, build assets, eliminate debt and protect themselves from risk. Some of these exciting tools include free property valuations, automated budgeting, credit scores, bank account consolidation and much more. Monefly aims to make financial health and wealth easier to understand, […]
In June 2017, U.S. Bank and Envestnet | Yodlee co-hosted a hackathon competition for internal developers from U.S. Bank to come up with new ideas surrounding retail banking and personal finance. The idea was to create “mashables” using U.S. Bank and Envestnet | Yodlee APIs to further help U.S. Bank and its customers.
It was an award winning night as Envestnet® | Yodlee® took home a Best of Show award at the FinovateFall 2017 conference in New York. The conference saw nearly 80 companies presenting and we were pleased to win for the demonstration of our vision for the Envestnet | Yodlee Artificial Intelligence FinCheck app. This app is part of our larger […]
The retail lending sector has become a battleground for established banks and new innovators as the market changes due to increased competition, new regulations, emerging technologies, and changing customer expectations.
Many of us have been warned about things going on our “permanent record” when we were kids, but when we became adults, we realized that some of those fears were greatly exaggerated. There’s no permanent record that follows us around our entire lives, detailing that time we got detention in high school or our freshman English grade.
Fintech is among the most heavily regulated sectors a startup can enter. Regulators and banks are constantly dealing with new rules around the changes that technology brings. As a fintech entrepreneur, how do you grow your startup while being mindful of the risks and regulations?
Ever wonder what VCs expect? Or what keeps them up at night? VC Stephen Bernardez from ONSET Ventures answered these questions and much more at our most recent Envestnet | Yodlee Incubator Bootcamp. This was an opportunity to ask a VC questions without being judged. Here’s how the Q&A session unfolded.