Discover three of the most exciting fintechs on the ASX today, how they’re taking on the big banks, and what it could mean for forward thinking investors…
The Hayne Royal Commission highlighted just how bad regular Aussies are getting slighted by the ‘big banks’. A new era is dawning in the Australian financial sector.
And there’s now been a shift in the financial technology sector to something called ‘open-banking’.
Essentially, more control of financial data is being put back in your hands — the consumer.
This has opened the floodgates to fintech companies willing to challenge big retail banks.
The opportunity for investors here is huge…if you’re able to spot the next fintech superstar.
In a brand-new report from Money Morning, Ryan Dinse will point you in the right direction. Inside, you’ll discover:
- Challenger #1 – Credit Cards: This fintech has flipped a whole industry on its head — credit cards. Rapidly changing demographics in Australia (and the world) plus a slick user experience have solidified this firms place in over 3.1 million active users’ wallets. They’re a testament to how an industry can be shaken up overnight by new technology.
- Challenger #2 – Financial Planning: This firm is lowering the barrier to becoming an investor for millennials. No more seeing a financial planner in a bank. No more fees for no service. Just use your smartphone to access some of the worlds’ biggest ETFs and portfolios built by prize-winning economists. They’re currently managing a quarter of a billion dollars and growing fast.
- Challenger #3 – Self-Managed Superannuation: This fintech is a great example of doing one thing perfectly. They took the fragmented and technology backwards industry of self-managed-super and completely modernised it with their proprietary system. Their stunning growth has been thanks to investor’s desire for more transparency over their investments.
You’ll learn all this and more in the brand new report: ‘Three Fintechs Breaking Up the Banks’.
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All advice is general advice and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.
Calculating Your Future Returns: The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in this report are forecasts and may not be a reliable indicator of future results. Any potential gains in this do not include taxes, brokerage commissions, or associated fees. Please seek independent financial advice regarding your particular situation. Investments in foreign companies involve risk and may not be suitable for all investors. Specifically, changes in the rates of exchange between currencies may cause a divergence between your nominal gain and your currency-converted gain, making it possible to lose money once your total return is adjusted for currency.