Moneycatcha Pty Ltd moves into Stone & Chalk and expands team
Innovative Australian fintech startup, Moneycatcha Pty Ltd, has been selected to join fintech hub Stone & Chalk’s Sydney office following a rigorous vetting process, in a move that cements the company’s footing on Australia’s East and West coasts and signals confidence in its unique blockchain end-to-end loan origination solution.
Stone & Chalk is the largest fintech hub in Asia, supporting successfully selected companies to connect with industry heavyweights and accelerating the development of world-leading startups.
Ruth Hatherley, the Founder and CEO of Moneycatcha Pty Ltd, explains how its expansion will allow the company to more efficiently collaborate with Financial Institutions to solve the challenges within the finance industry and how the Stone & Chalk selection is a positive move for the fintech start-up.
“Our growth and increasing traction are signs that Financial Institutions are accelerating their understanding of the fundamental improvements in speed, efficiency, and security that we and our unique blockchain technology enable. We have undertaken a successful pilot with a global bank, and have also had interest from other large banks,” she says.
“To be selected by Stone & Chalk reinforces we are moving in the right direction with our world-first, secure end-to-end loan origination product, and it is a great honour to be given this opportunity,” she says.
Based in the new Sydney office, will be Moneycatcha’s newly-appointed Head of Strategic Implementation, Jay Rowland, who brings nine years’ experience in the finance industry across business and retail banking, with strong expertise in business and retail lending product and process.
The developments come on the back of the official launch of Moneycatcha’s loan origination, blockchain-based platform solution, Homechain, which is an end-to-end solution reducing the processing time for a home loan application from an industry average of 42 days to just five days.
Moneycatcha Pty Ltd has been working with financial institutions, and its technology allows loan originators to fully comply with regulators by supplying accurate and trusted data.
Moneycatcha has also been trialling its risk review and regulatory reporting tool, Regchain, which also utilises blockchain technology.
Ruth founded Moneycatcha, after 21 years’ in the finance industry where she experienced first-hand the challenges facing the property industry, such as lengthy conveyancing processes, lack of access to reliable financial data and banks’ lengthy and rigorous financing processes.
For more information about Moneycatcha’s ground-breaking and up-and-coming services, please visit http://mcatcha.com/
About Moneycatcha Pty Ltd
Moneycatcha Pty Ltd develops innovative platform solutions built on a blockchain technology that solve both mortgage origination and regulation compliance challenges inside financial institutions. These platforms drive improvements in speed, security and efficiency across the whole mortgage ecosystem and future-proof FI’s for the time when distributed ledger technologies (DLT) are the normal operating solutions for all banking systems.
