A new report by Airwallex and CPA Australia shows that only one third of Asia Pacific (APAC) businesses have invested in fintech despite increasing digital adoption in the face of COVID-19.
Worshippers at the house of Bitcoin are likely looking to Elon Musk as a heaven-sent blessing today…
Today we posed the question of competition, and whether the big financial institutions can survive without Fintech or not. We know that competition in the banking landscape is very low, with the big 4 still holding most of the power in the market. It’s been a subject that we have discussed a lot at Dynamic… Continue reading Let’s Talk: Competition
There is nothing more vexing than trying to bring your dream business to life, yet funding stands in your way like an ill-created bump in the road. However, there are many options that can give you the financial push that you need without you having to sell your soul and your right kidney. Fixed business… Continue reading Funding made reasonable: a quick guide to fixed business loan interest rates
Around 9 out of 10 Australian SMEs are frustrated about their business funding, naming onerous loan conditions, having to provide property security and a lack of flexibility as their major concerns. These are the findings of the latest SME Growth Index, conducted independently by banking market analysts East & Partners, on behalf of national working capital… Continue reading National research reveals SMEs’ top five funding frustrations
Cybercriminals are targeting businesses with a new scam that uses fake invoices to trick the business into paying money to the scammer. The invoices look legitimate and are often sent from a legitimate-looking email address, making it difficult for busy finance teams to spot the fakes. According to the ACCC’s Scamwatch, Australian businesses lost $2.8… Continue reading How to avoid fake invoice scams
Byline: Todd Handcock, President, Asia Pacific, Collinson Banks are facing increasing pressure to grow their business in the era of digital disruption and open innovation. Profound changes in consumer behaviour, technological innovations, the availability of a massive amount of data and the connected lifestyle of customers have led to a blurring of industry boundaries. Today’s consumers… Continue reading Experiences are the way to capture the hearts (and wallets) of bank customers
The challenge of securing bank finance is seeing a growing number of small and medium enterprises (SMEs) turn to online lenders. One in four SMEs have been knocked back for bank finance Among SMEs rejected by a bank, one in three have turned to family/friends or a credit card for funding Of those SMEs that… Continue reading Banks rejecting SMEs for finance
Staying with a Big 4 bank could cost you $6,007 in extra interest on a $250,000 business loan over 5 years The average Big 4 business loan rate is 88 basis points higher than the average of the challenger banks The Big 4 failed to pass on the 100 basis point cut to the official… Continue reading Stay savvy with business loans and save
The saga of Amazon’s second HQ location seemed to be a done deal by the end of 2018, with Arlington, Virginia, and Queens, New York, being the two locations picked. But, fierce opposition to placing the HQ in Long Island City in Queens has led the retailer to pull out of the decision. Once again, a… Continue reading What happens to Amazon’s second HQ now?