HashChing taps Pepper Group's Tuttle for board role
Online mortgage broking marketplace HashChing has several irons in the fire as it ramps up its local expansion plans. Street Talk can reveal the company has lured former Pepper Group co-chief executive Patrick Tuttle as a non-executive director. He joins HashChing co-founder Mandeep Sodhi, Global Growth Cap partner Harsh Patel and Sapien Ventures executive chairman Victor Jiang on the board. Tuttle is said to have been impressed by the company's technology platform and participated in an earlier capital raising round. He also knew Sodhi during his time at Pepper.... READ MORE ›
How to beat the banks at their own game: use this home loan cheat sheet
WITH interest rates expected to head north this year — and the banks to follow suit — you’ll need to know to beat them at their own game.
Online mortgage marketplace HashChing and independent consultancy Digital Finance Analytics have shared their top eight mortgage predictions for 2018.
Here’s your very own home loan cheat sheet:... READ MORE ›
Five lessons learned from my first failed business that helped get the next one off the ground
Telling my father I was starting my own company was not an easy conversation. As with many Indian families, he’d always expected that I would become a doctor, or an engineer, or a lawyer – one of the “safe” professions where hard work was rewarded with a steady and sizeable pay cheque.
As such, he packed me off to Australia not long after I finished high school to study software engineering.
After graduating I worked as a business analyst and consultant for one of the big four banks and various financial groups for over ten years. However, I became increasingly discontent wo... READ MORE ›
Switch banks? Aussies are shifting to smaller lenders for better mortgage deals
Data from mortgage broker HashChing has found 53 per cent of their 1800 home loan refinancing applications each month are from Big Four customers on the lookout for a better deal. The data shows 37 per cent were from Commonwealth Bank, 23 per cent from ANZ, 21 per cent from National Australia Bank and 19 per cent from Westpac.... READ MORE ›
HashChing hires former Westpac exec as co-founder steps down
Online mortgage marketplace HashChing has appointed a former Westpac solutions architect to its leadership team, after co-founding partner Atul Narang stepping down.
Vajira Amarasekera has been appointed as HashChing’s new chief technology officer (CTO) in a bid to help the platform grow.
Mr Amarasekera has previously held leadership roles at Westpac, Object Consulting and NSW Department of Finance and Services.
He commented: “I’m excited to join the team and help lead the next wave of disruption in the mortgage industry.... READ MORE ›
HashChing — Australia’s First Online Home Loan Marketplace Offers Borrowers Lower Rates and Affordable Refinancing Options
Shopping for a home loan can be a confusing and frustrating experience, and most people are never sure they’ve gotten the best terms and rates available. Founded in 2015 to add transparency to the lending process, HashChing is Australia’s first online marketplace for consumers looking to buy or refinance a home.... READ MORE ›
NSW mortgage rates differ by 1.91%
According to the research, which looked at more than 700 loans settled through HashChing brokers between 27 February 2017 and 4 September 2017, there was a difference of nearly 2 per cent (1.91 per cent) in mortgage rates in the eastern state. Looking at the loans, the highest rates of difference were in the Inner West, Eastern Suburbs and the North Shore, at 1.83 per cent, 1.65 per cent and 1.51 per cent, respectively. The lowest average disparity in rates was for those living in the Western Suburbs, where the range was 0.97 per cent. The data indicated that new owner-occupied loans acros... READ MORE ›
Data Shows Mortgage Rates Vary Within The Same Post Code
New research from HashChing and Digital Finance Analytics shows a massive discrepancy in home loan interest rates across NSW, with vast differences in rates even within the same suburbs. Data shows that in some cases, neighbours are paying up to $87,027 more for new owner occupied loans (105 basis point disparity), and $201,704 more for refinanced owner occupied loans (235 basis point disparity). The calculation is based on an average home loan of $500,000 over 25 years. Those borrowers paying higher rates are essentially adding an extra three years of mortgage repayments (34 months) compare... READ MORE ›
IDC names top 10 fastest growing fintech companies in A/NZ
IDC Financial Insights has unveiled a list of 10 fast-growing fintechs in Australia and New Zealand (A/NZ) as part of the broader FinTech 101 list for Asia/Pacific.
“IDC’s FinTech Fast 101” refers to the fast-growing fintech players in Asia/Pacific based on extensive on-ground analysis of the dominant fintech players within the region.... READ MORE ›
HashChing Launches New GroupBuy Solution
Two years after launching its online mortgage broking platform, HashChing says it is shaking up the home loans industry once again with a new GroupBuy solution. They claim the potential savings are huge by flipping the usual power dynamic of a bank and borrower. Customers join a group with similar lending requirements (such as refinancing an existing home loan), and participating banks and lenders bid against each other to win that group’s combined home loan portfolio.... READ MORE ›
Group push to force lenders to drop rates to record lows
A fresh push to force lenders to slash interest rates to as low as 3 per cent could be a gamechanger for Queensland families.
With the lowest individual refinancing rate already 3.49 per cent, there’s growing hope that group buying could drive down costs further, becoming as commonplace as lotto syndicates.... READ MORE ›
Three ways you could cut mortgage stress and get into a property
With mortgage debt and property prices at all-time highs, and wage growth at all-time lows, many are stressed and struggling to pay down mortgages.
Almost one in four households is in mortgage stress and do not have enough income to cover mortgage repayments and other living expenses.
For those in that situation, there are some interesting ways to cope with getting a foothold in the housing market.... READ MORE ›
Mortgage marketplace unveils upgraded broker dashboard
Mortgage marketplace HashChing has overhauled its broker dashboard, adding a number of features that let brokers visualise, track and boost their performance. The cornerstone of the upgrade is a set of performance analytics which measure personal metrics such as the number of reviews, average response time and success rate for each individual broker. Brokers can use the dashboard to improve their service and see how far they need to progress before becoming a premium broker.... READ MORE ›
CommSec founder Paul Rickard is investing in HashChing and joining its board
CommSec founder Paul Rickard and finance media figure Marty Switzer are joining the board of Australian online mortgage marketplace startup HashChing after joining in the company’s $6 million capital raising round.
“The HashChing business model of connecting home loan borrowers with customer reviewed brokers and the best rates is unique, and I am excited by the investment opportunity,” said Rickard. ... READ MORE ›
What modern-day CIOS must provide startups, according to the FinTech award CIO of the year
Today’s startup culture is faster paced than ever, and CIOs play a crucial role in keeping the company on an even keel. It isn’t just about aligning the company’s technology strategy with its business strategy anymore. Any CIO worth their salt needs to be bringing innovative ideas to the table and actively engaging with stakeholders to bring them onboard. Here are a few key areas that the CIO of a tech startup needs... READ MORE ›
Sydney fintech HashChing just digitised conveyancing
Online mortgage marketplace HashChing has announced a new partnership for digital conveyancing. The Sydney fintech is now offering the services of electronic conveyancing marketplace Titleexchange, with the pilot limited to Victoria for now before a general rollout later. HashChing chief information officer Atul Naranag said that the legal paperwork can be a bottleneck in the traditional home purchase process. “Borrowers are at the mercy of conveyancers, who can sometimes drag the process out unnecessarily and worse – charge more for their own delay,” he said. The integration into th... READ MORE ›
FinTech companies should aim for the best in the world
The Minister for Industry, Innovation and Science, Senator Arthur Sinodinos, said last night at the 2nd Annual Fintech Awards that Australian FinTech companies should aim to be the best in the world.
I have often said that I want Australia to be the best in the world at Cyber Security.... READ MORE ›
HashChing receives Top 10 spot in Smart 100 2017 index
They’re innovative, Australian, highly commercial and they’re changing the world, one idea at a time.
Yes, it’s time to reveal this year’s SMART 100 index. The maven judges have cast their votes and their combined wisdom has unveiled a truly remarkable winner.
This year’s overall winner has created a novel way to prevent storm damaged homes from experiencing even more storm damage.... READ MORE ›
Steve Baxter urges start-ups to get educated on ESIC
Prominent tech entrepreneur Steve Baxter has urged start-ups to stop ignoring the generous tax breaks available to their investors if they achieve Early Stage Innovation Company (ESIC) status.
Mr Baxter, who co-founded telco Pipe Networks which was sold to David Teoh's TPG for $373 million in 2009, and is now a major investor in start-ups himself, said the generosity of the tax concessions was under-appreciated.
Investors in an ESIC are eligible for a 20 per cent tax offset (capped at $200,000 per investor per year for 'sophisticated' investors and $50,000 for other investors) and wo... READ MORE ›
Borrowers warned to brace for across-the-board mortgage rate increases
Despite official interest rates being on hold at an historic low of 1.5 per cent since August 2016, mortgage rates have been rising over that time.
Experts say mortgage rates will be hiked even further as a result of the government's proposed levy on the big four banks and Macquarie Bank, to start from July 1. ... READ MORE ›
Average refinancing settlement reaches 17 days
The average time to settle a home loan refinance application is 17 days, new research from an online mortgage marketplace has revealed.
In a data snapshot of 1,021 customers, HashChing found that the average time taken to settle a home loan refinance application is 17 days, but that it can “take up to a month” for borrowers to get everything in order.
HashChing has been warning mortgage holders against waiting to refinance their home loan, stating that the proposed ‘big bank levy’ — due to come into force on 1 July — could lead to the major banks increasing their rates.... READ MORE ›
ALI Group in lead generation agreement with fintech
Loan protection specialist ALI Group has partnered with HashChing to provide mortgage brokers with access to a consistent source of new leads.
The partnership will now provide ALI authorised mortgage brokers the opportunity to use their ALI reward points to access HashChing leads and client tools.
“We’re excited to partner with HashChing to help brokers build their business. We’re committed to supporting broker businesses and helping them access leads and new clients is a very direct way of doing this,” ALI Group CEO Huy Truong said.... READ MORE ›
Aussies getting ‘fleeced’ by major banks, says HashChing
A recent analysis conducted by the online mortgage marketplace has claimed that borrowers with the big four are paying up to $90,000 more than they need to for their home loans.
By comparing the fixed and variable rates offered by the big four banks with those available through the HashChing platform, the analysis revealed it was possible to save up to $90,000 over the life of a home loan. HashChing pointed out that according to the RBA, one-third of borrowers have less than a month’s worth of breathing room around their mortgage, with millions of Australians at risk of falling behind o... READ MORE ›
Bank exodus sparks Hashching evolution
Sapien Venture’s first Australian fintech vehicle, Hashching, will raise a further $6 million to up-scale it's online platform and integrate new technology opportunities to further “streamline” the mortgage process. With Hashching now in receipt of some $5 billion in home loan applications, chief executive Mandeep Sodhi, said the time is right to roll the dice on economies of scale. “Now is the time to double down on our competitive advantage,” he said. According to Sodhi, the new capital will “turbocharge” growth, inflate brand awareness and provide a platform for further mar... READ MORE ›
HashChing on growth path with capital raising
Jobs for NSW backed online mortgage marketplace HashChing is set to embark on a $6 million capital raising to “turbo-charge” growth and implement new technology after receiving almost $5 billion in home loan applications.
HashChing is Australia’s first online marketplace where borrowers can access pre-negotiated home loan deals via verified mortgage brokers from more than 60 banks and lenders without having to shop around.... READ MORE ›
Fintechs like HashChing cash in on bank lending limits to curb property boom
As regulators weigh new limits on bank lending to cool the housing boom, their impact may be muted as tech-savvy borrowers turn to fintechs to access cheaper rates offered by non-bank lenders. Hashching is raising $6 million of fresh equity on the Neu Capital fundraising platform in a deal valuing the Sydney-based start-up – which gives borrowers access to the best interest rates negotiated by mortgage brokers – at $40 million.... READ MORE ›
Homeowners urged to ditch the big banks to find lower rate
Homeowners in the west are paying well above Sydney’s average interest rate, with residents in the Blacktown and Hills areas the hardest hit. A study by Mortgage comparison site HashChing has revealed that owners in The Ponds, Doonside, Quakers Hill, Campbelltown and Stanhope Gardens are paying as high as 7.88 per cent on their mortgage repayments. The average rate in Sydney is 4.46 per cent. This compares to Parramatta, where the average is 4.69 per cent, Penrith (4.81 per cent) and Liverpool (4.71 per cent). HashChing CEO Mandeep Sodhi said that owners should continually be looking for a b... READ MORE ›
Home loan startup HashChing has just signed a landmark deal with CGU Insurance
Loan marketplace app HashChing has announced a new partnership with CGU Insurance. The startup has revealed that all customers that settle a new or refinanced mortgage through its platform will now receive 25% off their home insurance premium from HashChing if they buy a policy with CGU. HashChing founder and chief executive Mandeep Sodhi said that his company specifically wanted to secure “a great deal” on home insurance for its clients, since it is a compulsory part of the property purchase process.... READ MORE ›
Top 10 things brokers should do to succeed
The former CEO of the MFAA and current chief operating officer of HashChing Siobhan Hayden has identified 10 things mortgage brokers should focus on to maximise returns. Ms Hayden, who was the head of the Mortgage & Finance Association of Australia (MFAA) before stepping down abruptly last year, has said that the following tips could help broking businesses thrive in a “rapidly changing” environment and “stay ahead of the curve” in an increasingly-competitive industry.... READ MORE ›
HashChing changes website following customer feedback
Online mortgage marketplace HashChing has added several new features to its website in an effort to simplify the home loan comparison process for customers. Key changes include a geotargeting feature that automatically directs visitors to negotiated deals available in their state, a new predictive analytics engine and a deal comparison option that enables customers to compare up to three deals side-by-side. HashChing CIO Atul Narang said the decision to add new features to the site was driven by feedback from customers, who said it was taking too long to find the best mortgage deal due to al... READ MORE ›
Suburbs paying too much for their mortgages
IF YOU are living in these suburbs, it may be time to check your mortgage because you could be getting ripped off. Data from online mortgage marketplace, HashChing, has revealed the suburbs in our biggest capital cities where borrowers are paying interest rates much higher than the capital city average.... READ MORE ›
Robo-advice using algorithms are replacing financial planners
The next adviser who offers you a loan or investment opportunity might be a robot. And you could be really happy about that. You might trust them more than a human financial planner to deliver totally independent advice. Well, that’s your call.... READ MORE ›
Hashching creates virtual ID system for first fully-digital loan approvals
Hashching, a website for home buyers to choose mortgage brokers, has built the first fully-digital process for home loan verification in Australia, which would allow banks to comply with strict regulations for identifying clients without having to send them to a branch... READ MORE ›
Why you should never give up on mortgage discounts
VALAY Shah is a great example of how it pays to never give up chasing a better deal on your mortgage. Mr Shah used online marketplace HashChing, which connects borrowers to highly-rated mortgage broker in their area.... READ MORE ›
HashChing named as the Emerging Star in Global Fintech 100 2016 report
HashChing has the potential to carve out a niche in the Australian lending space, traditionally dominated by the big four banks. The validation of our product is visible from the $2 billion worth of home loan applications we have processed so far and the more than 1,200 brokers that are registered on our platform ... READ MORE ›
Broker platform hits $2bn milestone
Making technology work for you
Mortgage brokers, in a way, have alleviated some basic problems that plagued the mortgage industry, providing on-demand service, choice and hand-holding during the entire interaction with lenders. However, many unsuspecting borrowers choose to approach lenders directly, thanks to the lack of trust caused by popular misconceptions about brokers receiving conflicting remunerations or being influenced by lender commissions.... READ MORE ›
Fintech boom "exciting time" for mortgage industry
Former Mortgage & Finance Association of Australia (MFAA) chief executive Siobhan Hayden believes her decision to join the advisory board of fintech platform HashChing is one that will see her join an organisation that will be at the forefront of the industry’s digital evolution.After stepping down from her MFAArole in June, Hayden last week announced she would join the HashChing board alongside financial services regulatory lawye... READ MORE ›
Hashching cracking fintech's glass ceiling
Like the global technology industry more broadly, Australia's fintech scene is a very male-dominated world.While MoneyBrilliant co-founder Jemma Enright and Timelio founder Charlotte Petris are obvious exceptions, Australia's fintech entrepreneurs are mostly men. So are the vast majority of their venture capitalist backers and teams of software engineers. It's a similar pattern around the globe.But Siobhan Hayden says it doesn't need to be this way. The former chief executive of the Mortgage & Finance Association of Australia has a message for girls seeking to start fintechs to disrupt the... READ MORE ›
Home loan launched for entrepreneurs
HashChing has rolled out a new home loan product, with no credit score requirements, aimed at the founders and owners of start-up businesses.The terms and conditions of the home loan are more favourable to people with new or existing businesses, HashChing says.The loan, provided by a “leading specialty lender”, is available to start-up businesses that have been in operation for a minimum of three months. The interest rate is 6.24 per cent (fixed) or 6.54 per cent (variable) and a maximum loan to value ratio of 80 per cent is required.... READ MORE ›
Artificial intelligence delivers brokers increasingly hot leads
The creators of a mortgage broking fintech have integrated artificial intelligence technology into the platform that continuously learns from broker behaviour to deliver leads that improve each day. Launched late last year, HashChing is a young fintech platform that matches customers to a mortgage broker in their local area for further credit advice. Speaking to The Adviser recently, HashChing founder and chief information officer Atul Narang explained that his team has integrated into the platform an algorithm that learns from brokers’ behaviour.... READ MORE ›
Borrowers urged to use brokers to beat the banks on interest
Online lending disrupter HashChing also said there were “some incredibly low rates being offered by the majors behind the scenes”... READ MORE ›
A fintech mortgage platform has broken through a significant milestone following 12 months of rapid growth
Online home loans trader HashChing announced it has passed the $1 billion mark, as momentum builds for the Sydney-based fintech in the disruption economy.After its modest launch in August 2015 with the support of ‘just a handful’ of brokers spread thinly across Australia, the platform has now put more than 1,200 loan writers into its system.HashChing CEO, Mandeep Sodhi, said the platform has been able to achieve this level of scale because of its acquisition-friendly business model — where brokers are not charged fees, nor do they pay for leads.“Brokers only pay for loan settlements, w... READ MORE ›
Sydney home loan marketplace HashChing reaches milestone of $1 billion in loans negotiated through its platform
Sydney-based home loan marketplace startup HashChing has reached a $1 billion loan milestone as the fintech space builds momentum, announcing the news at yesterday’s H2 Ventures Fintech Expo, which saw a number of H2 Accelerator graduates pitch their startups to investors and industry guests.Now in its third year, the Expo was held in Sydney’s ASX auditorium, giving guests the opportunity to have a first look at various new and innovative products from fintech startups. HashChing was among the startups who demonstrated their products to the public, with others pitching including Birch, Cur... READ MORE ›
HashChing – meet the mortgage whisperers
The genesis of HashChing
In 2014, HashChing co-founder Mandeep Sodhi and I left our jobs and set out to solve some of the bigger problems faced by Australian home loan borrowers.From personal experience, we realised that contrary to popular advice, it is almost impossible to nudge lenders for rates that are better than those they have advertised.We also found that the key to lower rates lies with the mortgage brokers and digitising the whole experience will make it a breeze, which is exactly what sets HashChing apart from other comparison websites.... READ MORE ›
More brokers to cash in on lead generator
A mortgage lead generation platform has announced a new partnership with a global technology company that will see its number of broker users skyrocket.HashChing has joined forces with DocuSign – a program that allows businesses to securely sign documents electronically and send documents for electronic signature in just minutes.Atul Narang, CIO and co-founder of HashChing, said integrating DocuSign will significantly reduce the time it takes for brokers to become act... READ MORE ›
Wealthy Chinese are backing a fintech that helps you buy homes in Australia
A Sydney-based fintech startup funded by wealthy Chinese migrants is looking to disrupt the Australian mortgage broking industry, after securing a $1 million institutional round by newly established Sapien Ventures.HashChing is Australia’s first online marketplace for home-loan borrowers, giving them access to deals from verified mortgage brokers from different mortgage groups.It aims to connect consumers to local mortgage brokers based on their deal preferences. A profile is then sent for each mortgage broker that gets their bill with ratings and reviews.... READ MORE ›
How a chance meeting led to a Sydney startup securing $1 million from a new VC firm
A chance meeting at an event last year has led to a Sydney startup securing a $1 million investment, the first from a new venture capital firm backed by Chinese investors.HashChing offers a marketplace for consumers to negotiate home loan deals with individual mortgage brokers and claims to be the first of its kind in Australia to give access to pre-negotiated deals from verified mortgage brokers.The startup was founded by former banker Mandeep Sodhi and his friend Atul Narang and has now secured the funding as part of the first investment from Sapien Ventures, a new VC fund launched last year... READ MORE ›
Sapien Ventures' first fintech investment is in Hashching
Wealthy Chinese migrants will help disrupt the Australian mortgage broking industry via an investment in Hashching, an online marketplace for home loans that is putting pressure on banks and their brokers.The investment will be the first for Sapien Ventures, which was established last year by Victor Jiang and has raised a $50 million fund to invest in fintech and online marketplaces. Much of the capital has been raised from high-net-worth Chinese migrants after changes to the Significant Investor Visa program last year that require migrants bringing $5 million into Australia to invest at least... READ MORE ›
Fintech startup HashChing is an online marketplace for borrowers and mortgage brokers
Buying a house is often one of the most important and expensive decisions someone will make. As such, you want the best expert advice that is not formed from biased opinions, but it can be hard to find. Banks are biased towards their own products and are restricted when it comes to operating hours. While it’s often hard to negotiate with banks to get a good rate on a home loan, the alternative is finding a broker, who can offer more choice and customer convenience. However, the trust factor again comes into the equation, with high fees and commissions pushed by brokers fast deterrents for th... READ MORE ›
Fintech business HashChing's focus on brokers
HashChing is an online home loans marketplace that instantly connects borrowers to verified mortgage brokers registered on HashChing based on the postcode and deal selected by the borrower. Mortgage brokers verified by HashChing get access to a customised dashboard that they can access on any internet enabled device allowing them to manage leads effectively from HashChing dashboard through appointment booking, SMS reminders, document filing, property reports etc. HashChing acts as a virtual admin assistant for brokers saving them hours of work and lost leads potentially.... READ MORE ›
Mortgage financing needs another digital push
The online channel is already well embedded in the financial services industry. However, more complex financial services could be moved online if providers get serious about improving digital origination.As per our 2015 Retail Banking Insight Survey, over 56% of Australians and almost 81% of New Zealanders used online banking weekly in 2015. Everyday banking has become primarily a digital service and the dominant way customers self-service, whether this is transferring money or notifying the bank of upcoming overseas travel. The one area in which digital channels lag is product origination, pa... READ MORE ›
Broker platform inks lead deal with listed property group
Brokers stand to receive an onslaught of leads following the announcement of a strategic partnership between an ASX-listed real estate group and a broker platform.Onthehouse Holdings Limited, an ASX-listed online real estate content and services platform, has entered into a strategic partnership with HashChing to provide its visitors access to home loan deals from local mortgage brokers.Through the partnership, brokers who use the HashChing platform will have their profiles appear whenever a prospective home buyer visits Onthehouse.com.au and searches a particular suburb.Unlike mortgage compar... READ MORE ›
The need to be shrewd in the property boom: How one FinTech business ensures buyers secure the best mortgage deal
It’s said that buying a property is one of the most stressful life events. Further, mortgage lender incompetence, bank and finance problems are in the top 20 most stressful aspects of selling a property. For two people, those frustrations spawned the next big idea to hit the FinTech industry.Mandeep Sodhi, a loyal customer to his bank, thought he had secured the best rate on his home loan. Atul Narang on the other hand secured a better rate on his loan through a broker – but it wasn’t that easy, having already experienced two bad brokers. With this experience, the pair joined forces to b... READ MORE ›
HashChing: E-Business Radically Reshaping The Future Of Mortgages
A quiet revolution Is happening online that could challenge the major banks’ home loans dominion.Cyberspace, as the frontier for consumer markets, is awash with stock standard Web 2.0 companies serving up a listof competing home loan offers. Leaving the consumer to wade through, assess and apply for mortgages. Now a newplayer has appeared offering a new platform that manages this process from start to finish with minimum effort andmaximum value for the consumer."HashChing" launched its initial trial in May 2015 having raised $100,000 in seed investment. The crucial differencewith this platfo... READ MORE ›
Fintech start-up delivers hot leads to brokers
Over 800 brokers have registered their interest in a new fintech start-up that connects them to borrowers in their local area.HashChing launched in May and has made no secret about its plans to disrupt the Australian mortgage market.Unlike mortgage comparison websites that channel prospective borrowers to lenders, HashChing sends customers to a mortgage broker in their local area for further credit advice.Until July the business was offering a free trial to a select number of brokers. Since then demand for the service has surged.HashChing CEO Mandeep Sodhi told The Adviser he has 850 brokers o... READ MORE ›
Start-up delivers access to cheap mortgages
It is a never-ending battle for consumers to seek out the cheapest home loans in the market. With interest rates at record low levels, consumers are actively searching to lock in mortgages for as long as possible before interest rates start to rise and property prices begin to fall.Besides trawling through the regular financial institutions such as banks and established mortgage lenders online for the best deal, a range of loan comparison websites have entered the market.HashChing is one such company claiming to be 'Australia's first online marketplace for home loans'."HashChing is the only pl... READ MORE ›
HashChing gets top rating on Financial Innovation by Datamonitor Financial ahead of its launch
HashChing is an Australia-based online marketplace that harnesses the negotiating skills of brokers to provide competitive rates on loans and mortgages. HashChing enables brokers to reach a wider audience, but also build trust with consumers as well as developing their own brand. Consumers can post reviews of brokers and loan providers on HashChing’s website. HashChing is distinct because it fuses together the brokerage channel with pricecomparison websites....... READ MORE ›
Meet five fintech start-ups seeking to disrupt banking
In a small, modern office at the Circular Quay end of Pitt Street in Sydney, 10 fintech entrepreneurs, working for five different start-up companies, are beavering away on business models seeking to disrupt banking.Investor presentations are being honed. Websites are being updated. Developers are being quizzed. Advice is being received from one another.This group of Millennials is approaching the end of a six-month stint in the accelerator program at AWI Ventures, an incubator run by venture capitalist Toby Heap.A graffiti-covered internal wall and bright paint in two transparent conference ro... READ MORE ›