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As we digitise banking, we risk dehumanising it

As we digitise banking, we risk dehumanising it Date: October 20th 2018 For two decades, financial services organisations have deployed zero cost to serve digital banking, internet first and then mobile, to give customers 24*7 access to their money from anywhere. Whilst premised as a great value add for the customer, the …

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Lessons From Australian Businesses On Cracking The US Market

Lessons From Australian Businesses On Cracking The US Market Date: August 20th 2018 If you can make it there, crooned Frank Sinatra, you’ll make it anywhere. However, making it here first might be a good place to start, according to homegrown entrepreneurs we spoke to who plan to grow offshore, and …

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Firms need business model change, not blockchain

Ben Robinson of Temenos has written a great piece on blockchain, the unbundling and subsequent rebundling of banks. Ben describes how in music, it was iTunes which unbundled music to let us buy individual songs. Spotify then rebundled the model to an all-you-can-listen streaming subscription service. This pattern when playd out …

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Playing the Game of Life

Almost 40% of workers in the United States are woefully unprepared for retirement, with less than $25,000 in total savings and investments. That’s not a huge surprise when you consider that 21% of workers with an employer-sponsored retirement plan are not contributing to their plan 44% are saving less than 10% of their income …

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Temenos Innovation Jam 2018

Temenos have 40 of the top 50 banks in the world running their software.  After Moroku’s Chore Scout app was awarded 3rd best retail banking innovation in the world, by Temenos and their customers at their Innovation Jam in May last year, much has happened. After looking at 873 FinTech’s …

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Youth Banking Segment

Moroku is passionate about building long term value by helping kids learn the fundamentals of banking and including them in the financial system. Our beliefs create our reality and if we can influence these positively magic can happen. Fintech companies are targetting the Millennials market segment across the world and challenging …

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Financial Literacy becomes a compliance lever

The Community Reinvestment Act (CRA), enacted by the United States Congress in 1977 is intended to encourage depository institutions in the USA to help meet the credit needs of the communities in which they operate. Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a …

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Building Viral Banking Platforms

Moroku wants all kids to build a healthy relationship with and beliefs around money. We want to do this because we have a sense that money is a major way that we measure success and whilst it doesn’t create happiness there is no doubt that it is involved in many …

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Bankstown Unity Live With Chore Scout

Bankstown Unity Live With Chore Scout Date: March 9th 2018 BANKSTOWN City Unity Bank has teamed up with Moroku to deploy their new kids banking app called Chore Scout, designed to help parents teach their kids about saving and budgeting.The Chore Scout app encourages kids to earn money from chores by …

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Chore Scout a Finalist in the 2018 Fintech Awards

Chore Scout a Finalist in the 2018 Fintech Awards Date: February 12th 2018 In: Fintech Business Awards Moroku’s Chore Scout is in the running to take out one of Australia’s top industry awards, being shortlisted to win the Personal Finance Innovation category at the 2018 Fintech Business Awards, hosted by Fintech Business, …

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