Many Australians worry about not having enough money in
retirement.
But traditional financial advice is expensive and time
consuming.
Sydney-based fintech mProjections wants to give every
Australian confidence in their financial future.
mProjections has developed an easy and useful “super report”
that is available online and on demand for a very low annual fee.
The report empowers you (and your financial advisor if you
use one) to take action now to increase your retirement income in the future. It’s suitable for all super fund members,
including SMSFs.
Team pictured L to R: Frank Ashe, Antik Kapoor and Derek
Condell.
https://mprojections.com.au/
Despite Covid-related woes affecting all of us in 2020, the FinTech industry has shown remarkable resilience.Boosted by e-commerce, online or app-based banking, and increased attention on saving & investing, many FinTech apps, in particular, have gone from strength to strength.Here are five (plus a couple of bonus apps) that have fared well at sea in 2020, plus a retrospective look at the 2019 list.https://superfitdad.medium.com/the-top-5-finance-apps-you-need-on-your-phone-in-2020-ef86e691c202
App-based digital banks, known as neobanks, emerged in Australia in 2018. Major players include Judo Bank, 86 400, Up Bank and Volt.Neobanks that have been able to become profitable have focused on both sides of the balance sheet – growing customers and loan books simultaneously.Neobank Xinja has exited banking in Australia to focus on its US share trading platform.Xinja was marketed to Millennials, offering high interest deposit accounts and glow-in-the-dark bank cards but has been unable to launch loan products to offset the cash burn.https://www.smh.com.au/business/banking-and-finance/neobank-xinja-to-close-accounts-return-banking-licence-20201216-p56nw3.html
Over 700 startups dealing with different aspects of fintech are estimated to be working in Israel today. They include payments solutions, business loans and credit, cybersecurity for payments, trading, and more. Israeli Fintech startups have raised more than $1.8B in total across 211 deals since 2014, excluding insuretech. Israel’s dedication to R&D is unparalleled with payment innovations such as mobile wallets and digital-only banks break the borders financially and enable users to make global payments. Trends to look out for in the future of payments include mobile wallets; the rise of codes; biometric authentication; contactless payments and mobile point-of-sale. http://www.israeltrade.org.au/zoom-in-on-the-israeli-payment-industry/
OneBanks is bringing back face to face banking. Whether you have your own business, need some help getting online, or simply want to do your banking with a person instead of a machine, OneBanks was created to make banking services accessible for all. They represent all the banks that aren’t able to have as many branches as they would like to. https://onebanks.co.uk/?
