Business Spotlight : Dan Jovevski Founder & CEO at WeMoney

• 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.