Not a week goes by without a prominent fintech and disruption panel discussion with contributions oscillating between hype and fear, herbivores and carnivores, complacency and urgency.

There is also a plethora of publications going in all directions. Take these for example:

Frost & Sullivan’s report, Fintech in Australia — Trends, Forecasts and Analysis 2015-2020, predicts that “the Australian fintech sector is set to take $10 billion in aggregated revenue away from the big Australian banks and contribute $3 billion of new revenue to the Australian financial services sector from 2015 to 2020”.

“In 2015, investments in the Australian fintech market totalled $438 million and was concentrated in innovation hubs in Sydney; in particular, the Tyro Fintech Hub and the Stone & Chalk fintech hub.”

Moody’s Research sees the estimated 4000 fintech start-ups “drive transformation rather than disruption for banks“. They consider a major competitive reversal for banks unlikely given the banks “large customer bases, deep client relationships, long lending histories and experience navigating regulatory bodies”.

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A new Deloitte UK report concludes that fintech “marketplace lenders do not have a sufficiently material source of competitive advantage to threaten banks’ mainstream retail and commercial lending and deposit-gathering businesses”.

Who knows? Banks have a hard time with banking turning into software, data and algorithms. Fintech companies are also starting to experience the hard way the virtues of banking: risk, liquidity, capital, funding and regulation.

Tyro’s nextgen banking approach is unique in the world. Since living memory Tyro is the only Australian technology company that has been granted a general banking licence. Tyro has built from scratch a cloud-based mobile core banking platform and integrates seamlessly with 160 software applications.

Now Tyro has started launching next-gen banking solutions — Tyro Smart Account and Tyro Smart Growth Funding.

If you are a Xero and iPhone user, you can raise your productivity and grow your business with frictionless banking. Make payments, deposits, and accept loans with a tap on your phone. MYOB and Android phone users will soon be able to do the same. If you want to follow our story of nextgen banking for Australia’s SMEs and growth companies, sign up here.

Download your free SME expert guide to business loans in Australia here.