Lachlan is the Managing Director of Spotcap Australia and New Zealand. Lachlan has worked in financial services for the last 15 years, both in Sydney and New York. For the last 5 years, Lachlan has been at the intersection of finance and technology, helping to bring several smaller start up businesses to market. During this time, Lachlan has witnessed the profound impact that technology can bring to the average consumer of financial services, making them much easier to use and often more cost-effective in the process. Prior to that, Lachlan worked in the capital markets businesses of global investment banks Deutsche Bank, UBS and Citigroup as both a salesperson and trader.
The panel discussed the differences in fintech across the Tasman. They mostly agreed that the NZ government is taking proactive and helpful steps for fintech.
Neil Roberts said he found the application process to be robust was constantly talk to the government. He noted that unlike in Australia, negative bureau reporting in NZ has been around for a while.
For Heussler, the main difference between the two countries is that the NZ market is parochial. “We have a sales team in Auckland and the Kiwis don’t like hearing that the service team is in Australia.”
Stanish added that NZ has very simple and clear legislation. You should be doing the right thing regardless of the regulation.
22nd February 2018 | Emily Nicolle