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Mortgage Business
Bendigo’s Up joins open banking platform By Sarah Simpkins 23 June 2021
Fintech Frollo has added neobank Up to its open banking platform, with more consumer data holders expected to follow in the coming weeks.
Bendigo and Adelaide Bank’s digital subsidiary Up is the seventh data holder (an entity holding consumer data, rather than a data recipient) to join the Frollo platform.
The move will allow users of Frollo’s budget management app to connect their banking accounts with Up.
The Frollo app shows users their financial products, including bank accounts, loans, credit cards, investments and superannuation in one interface.
Mortgage Business
Nimo teams with mortgage settlement tech By Sarah Simpkins 23 June 2021
Melbourne fintech Nimo Industries has partnered with legal firm Purcell Partners to integrate its mortgage settlement technology onto its lending platform.
Purcell Partners’ LEXTECH has been added to Nimo to form what the companies have called the first enquiry to settlement platform for lenders.
Nimo chief executive Peter Jones said the embedding of the LEXTECH system is a white-labelled solution that “can be delivered to market immediately”.
Jack Meredith, head of operations at Purcell Partners, added: “With the Nimo partnership, LEXTECH now delivers a digital experience and capability from acquisition through to fulfillment.”
‘Perfect storm’ propels asset finance demand: Connective
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A range of factors has driven an increase in demand for asset finance, and the current EOFY period is the “perfect time” for brokers to expand their offerings, according to Connective.
The aggregator’s head of asset finance, Brent Starrenburg, said there has been a range of factors driving demand for asset finance, including federal budget measures for small-to-medium enterprises (SMEs).
“Recently, there has been a ‘perfect storm’ driving asset finance… These factors, alongside brokers’ strong position as a trusted adviser for Australians, are all converging to create a great opportunity for brokers to expand their revenue stream,” Mr Starrenburg said.
Finance veterans named in Queen’s Birthday Honours List
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Sarah Simpkins
Sarah Simpkins
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An ING board member and housing and economics researcher are among a number of recipients who have been acknowledged in this year’s Queen’s Birthday Honours List.
The Order of Australia is the primary means of recognising Australians who have contributed to Australia at a national level and comprises four levels: Companion of the Order (AC), Officer of the Order (AO), Member of the Order (AM) and Medal of the Order (OAM).
The Queen’s Birthday Hobours List has named 1,190 award recipients. There are 947 individuals in the General Division of Australia (five AC, 50 AO, 242 AM and 640 OAM), as well as 33 recipients of awards in the Military Division of Australia and 139 meritorious awards.