FinTech Australia, the national association for the Australian FinTech startup community, has launched a new event aimed at showcasing sustainability-focused fintech companies.
Fintech businesses are continuing to see growth in demand for alternative funding sources, with marketplace lending offering an alternate source of funding for investors and borrowers, and crowd-sourced funding also offering a different form of capital raising for new and smaller companies.
By 2030, 80% of heritage financial services firms will go out of business, become commoditised, or exist only formally, but not competing effectively, according to a newly published analyst report.
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