The Government confirmed the proposed rule changes to the Open Banking regime this week with mortgage brokers being one of the early beneficiaries.The rule changes are designed to make Open Banking data easier to access for a broader set of participants.Mortgage brokers and financial advisers will now be able to operate under the newly created 'Trusted Advisor' role, allowing them to more readily access their customers' consented financial data to speed up the mortgage application process.Minister Jane Hume said the new rules are "an important step in supporting the development of a vibrant data economy that provides benefits to business and consumers".
Local FinTech scale-up, InDebted, has switched to a four day working week for all employees, making it one of the first local companies to adopt what has been up to now a broader (yet still nascent) global trend.Founder, Josh Foreman, is looking to bolster productivity by having fresher, less burnt-out, employees, as well as stand out from the crowd to prospective new-hires.The tech debt management business is in hyper-growth phase and recently raised $25m in its Series B funding round. Foreman hopes it can maintain this trajectory by becoming a workplace-of-choice as employees fully recharge.https://www.smartcompany.com.au/startupsmart/news/indebted-four-day-work-week/
SumUp is the leading mobile point-of-sale (mPOS) company in Europe. They
started out in 2012 and built their payment service from scratch to shake
up the industry and wake up the entrepreneur within anyone.https://ffnews.com/company/sumup/