Afiniation crowns new kings and queens of Australiasian FinTech

From
Marc Evans

Marc Evans

Afiniation (The FinTech Network) has announced the winners of its Melbourne Showcase following 30, seven minute FinTech demonstrations at the Grand Hyatt last Thursday.

Online platform Macrovue took out the top award for “Best in Show” at the Showcase. Macrovue provides portfolios of global stocks or exchange-traded funds with the click of a button via a secure, easily-navigable platform.

“This is an excellent example of globalising investment horizons, helping investors discover and execute international thematic views,” said Robert Wallis, Product Development Manager at IRESS and one of the panel of judges at the Showcase.

Runner-up for Best in Show was Melbourne-based My Local Broker, started in 2008 in an attempt to better connect everyday Australians with mortgage brokers, and inspired by the fact that there isn’t that one place where consumers could find a local finance professional.

My Local Broker has a “well thought out customer experience design enabling a frictionless transaction in an area that is generally known for its complexity,” said panel member Annick Donat, Head of Licensee Development, BT Group Licensees. “Interesting use of other disrupters such as wearable tech and interaction with UBER create an ecosystem that supports many aspects of a clients’ journey.”

Full List of Winners:

  • Best In Show Winner – Macrovue
  • Best In Show Runner-Up – My Local Broker
  • New Entrant Winner – Billsumo
  • New Entrant Runner-Up – Coredination
  • Best Disruptor Winner – XTB
  • Best Disruptor Runner-Up – Simply Wall St
  • Best Technology Winner – SuiteBox
  • Best Technology Runner-Up – SWIPE

New entrants Billsumo and Coredination whet the appetites of the 160 strong audience made up mostly of financial services powerhouses and investors.

“Billsumo has amazing potential to help with a problem that most of us face in our day to day lives and demonstrates great mass market appeal, while Coredination is a platform with a great future and applications across so many industries,” said Mr Wallis.

“The words FinTech and disruption are never far apart and XTB is a fantastic example of democratisation of financial products, making the corporate bonds investment products available to the retail and SMSF market,” added Mr Wallis.

Afiniation co-founder, judge and self-proclaimed technology geek Marc Evans, said that SuiteBox was a “clean and simple solution that shows how technology can continue to innovate and improve how we connect with our clients. The solution has applications in many areas and can prevent unnecessary travel, pollution and help in our time-poor lives.”

He added that SWIPE was “technology that allows customers to better understand products and ensure that we can present detailed and complex information in ways that are easily consumed. The presentation of complex data has uses in all areas of finance and beyond.”

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