Goldfields Money Limited (ASX:GMY) is pleased to announce that, following recent reforms to Section 66 of the Banking Act 1959, Goldfields Money is now able to refer to itself as a bank in Australia. Until now, the Company has been designated an authorised deposit-taking institution or ADI, with customers benefitting from the Australian Government Deposit Guarantee.
Goldfields Money Ltd
Goldfields Money (ASX:GMY) is Australia's new revolutionary digital bank, distributing first class products through a largely branchless distribution network. A bank without the bank. This digital banking platform is built on the recently implemented mobile first, world class core banking system provided by Temenos and our proprietary mortgage distribution software "Loankit".
Goldfields is ASX listed (ASX:GMY) with two key divisions:
Banking (operates under "Goldfields Money" and "Better Choice" brands) - an APRA regulated bank that offers deposit and loan products that are funded either on-balance sheet or off-balance sheet through a range of third party lenders. Our deposits are all guaranteed by the Australian Government Deposit Guarantee for up to $250,000 per customer. We are the new approach to banking in Australia, we're honest, with transparent bank practices and a straightforward approach to you and your money. It's all yours, honestly.
Mortgage Aggregation (operates under "Finsure" and "Loankit" brands) - an ASIC regulated mortgage aggregation and software technology platform with over 1,475 loan writers as of 31 August 2018. Finsure puts brokers first and is a leader in the market in offering a diverse lending panel, flexible commission models, training, lead generation, proprietary SaaS and mortgage broker support services. Finsure was also recently named Aggregator of the Year for 2017 at the Australian Mortgage Awards.
Goldfields Money Limited (ASX:GMY), announced today that it has launched its new banking platform utilising international software provider Temenos for its T24 Core Banking, Channels, Analytics and Financial Crime Mitigation solutions.
Goldfields Money Ltd (ASX:GMY) provides the Company's latest Investor Presentation.
Goldfields Money Limited (ASX:GMY) is pleased to announce that it has received binding commitments from international and local institutional investors, and sophisticated investors to successfully raise gross proceeds of ~$4.7 million by way of a placement of new fully paid ordinary shares.
Goldfields Money Limited (ASX:GMY) wishes to advise that non-executive Director Mr Keith John has resigned from the Company effective immediately. The Company is also pleased to announce the appointment of Finsure co-founder and Managing Director, Mr John Kolenda, as a non-executive Director of Goldfields Money effective immediately.
Goldfields Money (ASX:GMY) has returned to profitability in H1 FY18 with a statutory profit after tax of $62,707 and an underlying profit after tax of $362,638.
Goldfields Money Limited (ASX:GMY) is pleased to announce that Hartley's has initiated research coverage on Goldfields Money as the business moves to complete its proposed merger with Finsure.
Goldfields Money Limited (ASX:GMY) is pleased to provide the following trading update for Goldfields Money and Finsure for the first half of the 2018 financial year. Both companies are working on the preparation of auditor reviewed results, which are expected to be completed during February 2018.
Goldfields Money Limited (ASX:GMY) is pleased to announce that Baillieu Holst has initiated research coverage on Goldfields Money as the business moves to complete its proposed merger with Finsure.
A new partnership between ASX-listed Goldfields Money (ASX:GMY) and Singapore headquartered fintech company InstaRem is set to improve banking services for migrants and overseas-based small to medium sized businesses operating in Australia.