C Smart International provides the financial services industry with software and expertise in Cards and Payments, Core Banking, Online Banking, and Transaction Switching. Our clients include a global array of financial institutions, processors and software suppliers.
Our purpose is to be a trusted partner in quality financial services solutions.
Watch out big banks, here comes RateSetter
One of the world's largest peer-to-peer lenders, RateSetter, says it will be operating in Australia by the middle of the year, with an ambitious plan to attack the lucrative personal finance market dominated by major banks.
Britain-based RateSetter, which has matched more than $360 million of loans through its website since 2010, recently completed a $3 million capital raising to support its Australian operations. Investors include Wilbow Group and technology adviser Martin Dalgleish. The arrival of RateSetter follows Westpac Banking Corp's acquisition, through its venture capital fund, Reinventure Group, of a small equity stake in local P2P lender SocietyOne, which has written $4 million of loans.