Beware the fintech Ponzi schemeBY MICHELLE BALTAZAR | FRIDAY, 26 OCT 2018 3:45PMNot to rain on the fintech parade but financial advisers and investors in Australia must stay alert against Ponzi schemes posing as P2P platforms. |
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Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.
All these stories you quoted are out of China, where, one suspects, regulatory oversight may be less than desirable and probably far inferior than in Australia. You have not quoted any such cases here. Is that because there are none? There's a bit of fearmongering in this story that also neglects the regulation that covers our P2P market around financial products. This would be worth explaining in a follow up so local fin techs are not tarred with the same brush.