- Dan Jovevski is the CEO and Founder of WeMoney.
- WeMoney aims to help Australians manage their finances better, addressing the $2.3 trillion debt crisis.
- The platform uses open banking to consolidate various financial accounts into one view.
- It helps users track their credit health and identify savings opportunities on loans, mortgages, and other expenses.
Consumer Benefits
- WeMoney provides a comprehensive view of all financial accounts.
- It helps users understand and improve their credit scores.
- The platform identifies overpayments and suggests better financial products.
- Users can save significant amounts monthly by switching to better deals.
User Engagement
- Many users are unaware of their current interest rates.
- WeMoney educates users about their financial products and potential savings.
- The platform personalises recommendations to help users save money.
Process and Future Plans
- Currently, users are redirected to third-party providers for financial products.
- WeMoney aims to streamline this process, making it easier and faster for users to switch accounts.
- The vision is to create a "one-button finance" system for seamless financial management.
Credit Scores and Financial Products
- WeMoney focuses on improving users' financial positions by offering better loan rates.
- Awareness of credit scores in Australia is low, but knowing one's credit score can lead to significant savings.
- WeMoney helps users improve their credit scores through education and personalised advice.
Awards and Recognition
- WeMoney won three awards at the Finnies: Excellence in Wealth Management, Fintech Organisation of the Year (People's Choice), and Excellence in Open Data.
- The awards recognize the team's hard work and the platform's impact on users' financial health.
Open Data and CDR
- WeMoney is a leading aggregator of Consumer Data Right (CDR) data in Australia.
- The platform leverages CDR to help users save money by identifying better financial products.
- WeMoney actively participates in CDR events and discussions to drive the future of open banking.
Importance of FinTech Events
- FinTech Australia events like the Finnies and Intersekt are crucial for networking and collaboration.
- These events inspire new ideas and partnerships within the FinTech community.
- Dan Jovevski emphasizes the value of attending these events for industry growth and innovation.
