Australian fintech Finspo, a mortgage broking firm, has branched out into mortgage broking. The company aims to provide its customers with an aggregated view of their banking costs. Finspo announced the launch of  its mortgage broking capability within its fintech start-up. The company also unveiled the appointment of a chief lending officer.

Finspo Announces Mortgage Broking Capability Launch

 According to Angus Gilfillan, Finspo CEO, Finspo will utilize its mortgage broking arm to help customers negotiate better rates with their lender. It will also help them switch to a different lender for better opportunities.

Gilfillan stated that the free digital app shows users their monthly banking costs and provides them with helpful insights on savings. These insights will be built on proprietary algorithms that analyze both the market and the customers’ data to identify saving opportunities.

The Finspo home loan service would help the customer save by making changes to their home loan. The insight feature called ‘Rate my Rate’ would help figure out if customers can repay their home loan or not. This would in turn help customers connect to a Finspo home loan consultant to get products with better market pricing.

SEE ALSO: Eftpos signs deal to purchase digital payments app Beem It

Finspo appoints new Chief Lending Officer 

To lead Finspo’s mortgage broking arm the fintech announced the appointment of Nathan Taddeo as its chief lending officer. Previously, Taddeo was the Managing Director at Credo Financial Services. Before that, he was a finance broker at Strategic Financial Group Australia. After his appointment, Taddeo commented on his new role gushing that he got into mortgage broking because he wanted to help people and that Finspo’s mission at the core of its business is the same. He believes that Finspo is passionate about levelling the playing field between Australian banking customers and their banks and that he shares this passion.

About Finspo

Finspo was established in 2019 and then launched in April 2020 by former banking executives. Its digital app will provide customers with a monthly aggregated overview of their banking costs across multiple providers and products. It will also offer personalised insights on where and how users can save money on interest and fees, as well as guides users on how to save and secure better home loan rates.

Till date, Finspo has launched beta versions of ‘Rate my Rate’ and Finspo Bill. While ‘Rate My Rate’ is a home loan comparison tool, Finspo Bill provides aggregated views of a user’s banking costs across providers and products. 

Currently, the Finspo team includes Chief Product Officer Josh Brougham, Chief Experience Officer Bill Armour, chief technology officer Gabriel Martinez, Chief Operating Officer Brad Gravell, as well as general counsel Kristen Boulten.

SEE ALSO: RBA approaches the big Aussie banks for blockchain digital currency project

For more updates and latest tech news, keep reading iTMunch

Image Courtesy: