Technology fund reaches first close

OneVentures has reached its first close with approximately $45 million after launching to investors at the end of 2018.

How do lenders determine affordability for customers with more than 1 bank?

Promoted by Basiq.

The Australian Banking Association estimates that almost two-thirds of Australians have accounts with more than one bank. Institutions assessing a customer’s financial position need to have access to aggregated data across financial institutions.

Quantifeed opens Australian office

Wealth management software provider Quantifeed has opened at a new location in Sydney, its first office in the country, as it says local demand for B2B digital advice solutions is growing following the royal commission.

Volt partners with wealth platform

Volt Bank has formed a technology alliance with wealth management platform Spitfire to set a new standard for banking and wealth management integration.

Record-breaking funding for start-ups

Last year investors poured record-breaking funding into Australian startups with venture capital investments hitting $900 million in 2018.