October 26 2018
We have a new 'Queensland Chief Entrepreneur': Leanne Kemp
Succeeding Steve Baxter’s incredible tenure – Leanne Kemp (founder of blockchain startup Everledger) has been given the nod as the new Chief Entrepreneur of Queensland.
Innovation Minister – Kate Jones stated, “In her new role, Leanne will work with the government to ensure we’re doing everything possible to support Queensland companies to scale up and expand overseas.” Welcome, Leanne!
A must read: Challenger banks back critical broker channel
A concise and enlightening article highlighting insights, benefits and the approach three of the Australian Neobanks (Xinja, Volt Bank and 86400) will take with their mortgage arms and the critical importance of the third party broker channels.
It is interesting to see this is one of the strategies they are taking regarding their mortgage arms and it is ‘critical’ to their push into the Australian market. A big upside being they want to show the complete picture of the borrowers actual position to the brokers and what their actual capacity is to manage their loans. Overall, creating a more transparent and prosperous lending ecosystem.
Person we're learning more about: Martin McCann
We came across Martin McCann during his keynote speech in Sydney at the FinTech Summit and have been digging deeper into his company Trade Ledger – “The digital open banking platform”. The keynote speech was not only informative but bountiful in his view on Australia’s approach to Open Banking.
Martin explained, “the single biggest reason businesses fail is a lack of adequate funding”. He and his company ‘Trade Ledger’ are helping this failure with their quest set to create the world’s most versatile banking platform. They will help banks, businesses & economies access the resources they need to thrive by using data, analytics & technology. A big up to an Australian FinTech leading the way on the world front.
What we want you to see: The Open Bank Project - Power of the API's
The Open Bank Project (a provider of open source API solutions for banks), led by Berlin-based software company TESOBE and the added power of enterprise software firm Red Hat is helping banks to embrace open banking.
This project will help new Australian bank 86 400 use “Open Bank Project API definitions to standardise and harmonise its API design, enabling access to a global network of over 10,000 FinTech developers.”
Ps: API stands for “application programming interface”
Quote of the Week:
“Do not take life too seriously. You will never get out of it alive.”
ELBERT HUBBARD