InvestmentLink shows financial support for fintech

fintech emerging companies

2 August 2016
| By Hope William-Smith |
image
image
expand image

A grant providing access to more than 600 data feeds and 500 live accounts will be made accessible to emerging Australian fintech companies, thanks to InvestmentLink.

InvestmentLink chief officer, Wayne Robinsons, said that fintechs could benefit greatly from the grant, and had the potential to secure them a future foothold in the Australian finance market.

"There are a number of emerging companies that have the potential to make a very serious impact on the market and deliver real innovation to consumers," he said.

"Given the financial constraints that most start-ups face, we are hoping that access to the most comprehensive data feed in Australia at no cost, for a limited period, will provide a real boost."

Robinson stated that the lack of available in-budget resources for start-ups made it difficult for fintechs to deliver their potential impact on the market, with the data grant aimed at helping open the door for finance innovation.

"Given the nature of the Australian market, particularly the dominance of the major players, they face a number of challenges — one of them — getting access to sufficient data to be able to demonstrate what they can offer the market," he said.

"We are excited by what we see in the Australian fintech space."

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 day 20 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

6 days 2 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 4 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 6 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

5 days ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

4 days 3 hours ago