Amazon was the most purchased stock by Australians on the US stock market in 2018, with many Aussie investors indicating they had turned to US trading in fintech stocks due to being increasingly limited to traditional industries like mining and banking on the Australian market.
Australia's US$1.15 billion Alt-Fi (alternative finance) market, including peer-to-peer lending and crowd-funding, grew 88% in 2017, surpassing US$1 billion for the first time and consolidating its position to become the second largest market in Asia-Pacific, according to a newly published study.
Global corporate lending platform Trade Ledger says it has warned the Australian Government of substantial weaknesses in its proposed Open Banking implementation plan, when compared to the global best-practice model.
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