Advance Awards Financial Services Category Finalist
Originally from Melbourne, Paul Chapman co-founded the game-changing ‘Moneytree’ platform, giving people greater control over their finances and disrupting Japan’s digital banking environment in the same beat. The first generation fintech company boosts an impressive client portfolio, including major financial institutions Mizuho Financial Group Inc., Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui Financial Group Inc., as well as 1.2 million users. The app aggregates users’ financial data from bank accounts, credit cards, investment accounts into an easy-to-read interface, receiving Apple’s Best of App Store award twice already. Today, the cloud technology platform first built to power their app, called Moneytree LINK, is used by over 60 enterprise clients in Japan and Australia, including 29 financial institutions. Paul’s ability to combine cross-cultural knowledge with savvy entrepreneurship shows there is no barrier to Australia and Japan collaborating on equal footing in the digital economy.
Today Moneytree employs over 100 staff in Tokyo and Sydney, comprising 27 nationalities including Japanese and Australians. Leveraging their experience in Open Banking in Japan (activated June 1, 2020) Moneytree has contributed to the establishment of Open Banking in Australia by lending expertise acquired in Japan to the establishment of the Consumer Data Right (CDR). Paul’s company is a strong advocate for privacy and transparency in fintech, a member of Fintech Australia, and fields senior staff to sit on the CDR Data Standards Body Advisory Committee for the last two years. Evidencing two-way information flow, Moneytree recently completed work on a major collaborative development with one of Japan’s biggest financial institutions. Currently, Paul continues Moneytree’s growth in Japan, while working hard to bring the company’s vision of financial empowerment back to Australia.