FinTech Five for Friday #6September 28 2018
Person we're learning more about: Dr Catriona Wallace
A big congrats go out to Dr Catriona Wallace for taking out the Fintech Leader of the Year, along with Excellence Award at the 2018 Women in Finance Awards. Dr Wallace founded Flamingo AI, an AI-powered virtual customer assistant for insurance & financial services.
As we love tech, we’re loving to dig deeper more about the power of Flamingo as it seamlessly combines chat, smart workflow, machine learning, natural language processing and automation via AI. Flamingo is also the second only woman CEO and woman Chair led business ever to list on the ASX.
Company of the week: Airsorted
If you're looking to rent your place on Airbnb, but it all sounds too hard… say hello to Airsorted.
Airsorted have landed in Australia and we couldn’t speak more highly of the service they provide. Currently helping owners in Brisbane, Sydney, Melbourne, Perth, Gold Coast and Sunshine Coast they simply state ‘Cleaning, Laundry and Keys. Everything Sorted.‘
A big article from the week: Australians are embracing FinTech
Great news from a recent study conducted by Roy Morgan Digital Payment Solutions Currency Report that highlighted Australians are now using non-bank contactless or card-less mobile payment solutions more than bank-owned payment solutions.
This highlights that collaboration and idea sharing within the ecosystem will not only see a better outcome for the consumer but will help the banks “keep up with the rapidly changing digital payment landscape”.
Something we want people to see: Open Banking: Risk + Opportunity
As we mentioned in our previous release the Open Banking scheme is upon us. The competition watchdog last week released draft rules for the open banking scheme with only the big four banks being subject to it next year, with other providers to be included from 2020.
The Financial Services Royal Commission is giving the banks a rightful walloping over their misconduct and presents “a big opportunity because it means we can get access to information that lets us meet customer needs better and faster” per SocietyOne chief executive Mark Jones.
Quote of the Week:
The goal isn't more money. The goal is living life on your terms.