It has been predicted that our fintech sector will be valued at $4.2 billion by 2020 – up from just under $250 million in 2015.
The adoption of new fintech services is being stifled by the the difficulty of integrating them with pre-existing apps and infrastructure.
Our CEO, Bruce Nixon, spoke to Australian Banking & Finance Magazine about the disruption of Australia’s banking ecosystem.
"Escalating technology, changing customer expectations and disruptive new service delivery models, are opening the door for innovative, nimble fintech startups to revolutionise the market.
Fintechs are not bogged down with same legacy back-ends or the same operational complexity of the big banks. This nimbleness is a clear advantage in a market that is ready for disruption..."
Read the full article featured on AB+F.