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The Financial Counselling Industry Fund, which will administer industry contributions to the financial counselling sector, has opened for business with $33 million of commitments in its kitty.
Maslow is not only a pre-revenue fintech, it is pre-product and pre-build and one conceived, so far, on audacious idealism and high convictions that this really is one start-up that will change the world.
Armaguard will need to be transparent and open its books to scrutiny, as the banks have long insisted, or there may be no further offers of financial support forthcoming from the industry.
The banking industry have been played for fools, disoriented into yielding to the clever, costly plans of Lindsay Fox and Linfox Armaguard.
Thousands of retailers and professional service providers across the country were unable to accept card payments on Wednesday after a telecommunications outage paralysed merchant terminals operated by the ANZ Worldline joint venture.