Neo-lender successfully closes crowdfunding campaign

January 7, 2019

  A soon-to-be-launched blockchain mortgage lender has successfully closed its crowdfunding industry equity offer after having received $671,000 in share applications, largely from the broking industry. Australian Mortgage Marketplace (AMM), which is set to launch next year, initiated a crowdsourced funding equity offer to investors (including mortgage brokers), in October. Co-founded by industry stalwarts Graham Andersen (CEO)…

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Neo lender finds a neo way

November 26, 2018

A new mortgage lender has commenced a series of events to over 1,200 registered attendees. Giving brokers a chance to become owners of the neo lender Australian Mortgage Marketplace. The neo lender, Australian Mortgage Marketplace has decided to take advantage of new legislation recently given the tick of approval by the Federal Parliament, after more…

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The Personal Touch

November 7, 2018

Here’s an interview of our COO Kym Dalton, where he makes some bold predictions on the role of the mortgage broker in the future. Kym Dalton, COO of Australian Mortgage Marketplace explains how the lender will shake up borrowing, funding and rates The year is 1992. Securitisation is the new financing mechanism on the block…

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Expect change in the market

October 23, 2018

Here’s an article from Australian Broker about how we’re driving change in Australia’s home loans market with intelligent credit funded on our mortgage securitisation blockchain. To find out more, register your interest to attend one of our launch events or webinars here. The Australian home loan market is “broken” and about to experience the biggest…

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How to achieve better consumer outcomes

September 20, 2018

There’s a common view that Australia is experiencing a ‘tightening of credit standards’ following scrutiny of lenders and brokers by ASIC, APRA and the Financial Services Royal Commission. This view has found expression in a renewed focus on ‘responsible lending conduct’- and the verification of applicant expenditures in particular. Firstly, it’s AMM’s view that there…

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Neo Lenders lead the market with technology

September 12, 2018

Neo Lenders will lead the way and use new technology across the life cycle of a mortgage to provide home loans that comply with responsible lending while also providing a superior service, writes Graham Andersen chief executive of Australian Mortgage Marketplace.  Australia’s non-bank lenders have been an important part of the Australian prime mortgage markets for…

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Context-driven financial literacy key to responsible borrowing – Mortgage Business

August 30, 2018

AMM will embrace meaningful responsible lending to ensure that borrowers obtain the right loan at the right time. Here’s an article from Mortgage Business in which AMM COO Kym Dalton explains the shift in delivery of financial education to borrowers. Responsible borrowing and spending need to be facilitated through context-driven financial literacy, according to the…

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To be, or not to be, a bank?

To be, or not to be, a bank?

July 31, 2018

Written by Graham Andersen,  Chief Executive, Australian Mortgage Marketplace. Australia has gone through a long period where no new mortgage funders of any significance, either banks or non-banks, were created but we are now seeing a new era of neo-lenders and challenger banks appearing on the scene. Since 2007 the financial system has heavily favoured…

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‘We’re not competing with the non-banks’: AMM

July 30, 2018

This article originally appeared on Mortgage Business on 30/7/18. The co-founder of neo-lender Australian Mortgage Marketplace has outlined where the group sits in the new order of APRA and ASIC-regulated mortgage providers. Becoming an APRA-regulated neo-bank is a considerable undertaking and an expensive exercise. A handful of new players are choosing this path, such as…

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Small and mighty: Meet the challenger banks nipping at the heels of the big four

July 20, 2018

This article originally appeared on Smart Company on 19/7/18, written by Stephanie Palmer-Derrien. A slew of challenger banks are poised to burst onto the Australian finance scene, in a bid to take on the big four, and change the way that Aussies think about banking. Typically offering cloud-based banking services without a bricks-and-mortar branch in sight,…

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