Finance is Rigid, Inflexible, and Not Keeping Up
If there’s one Australian industry that urgently needs re-invention, finance would have to be close to the top of the list. It often feels as if not a lot has changed since the first bank opened its doors here in 1817 (it was the Bank of New South Wales). It’s ripe for disruption.
Consumers: Lending is Rigid, Inflexible, and Boring
"How we live and how we work are changing fast. But lending hasn't kept up, and it’s cramping our lives and holding us back."
The classic 9-to-5 full-time job is becoming rarer and rarer. Flexible work, contracting, running a small business, working part-time to care for a family member – all these circumstances mean that many – most? – of us can't access the finance we need at a fair rate. Why, given all the technology we have today can’t lending be easier?
Businesses: Commercial Financial Services aren’t Keeping Up
“Our business operates in the world of 2017, so why does commercial financial services still operate like its 1817? Finding new growth is hard enough. Let’s grow the economy by reinventing this stuff.”
Just as startups have re-invented how businesses operate with new, agile services in all areas of 24x7x365 operations – from accounting to payroll, from how we book travel to how we book meeting rooms – we also need startups to reinvent the finance ecosystem, we need a better ‘operating system’ for commercial finance.
It’s time to Free Money.
From rigid and outdated 19th century thinking. Let’s make finance more accessible, easier to use, and more agile.
Let’s make it so that money helps us power our lives and businesses, and not the other way around.
Calling Startups Looking to Disrupt Finance!
Much more than just ‘fintech’, you have an idea that could fundamentally transform how both consumer and business transactions work to meet the needs of 2020 and beyond.