The FinTech Report The FinTech Report Podcast: Episode 40: Anthony Baum, Founder & CEO, Tic:Toc
Aug 6, 2023
Anthony Baum, Founder and CEO of Tic:Toc, shares his journey in revolutionizing home loans since 2017. He discusses how Tic:Toc streamlines the loan process, delivering contracts in under an hour. The conversation touches on strategic partnerships that enhance customer experiences and the impact of open banking through the Consumer Data Right (CDR) Act. Baum emphasizes technology's role in reducing costs and improving service, while also exploring future innovations and how fintech can better empower consumers in managing their finances.
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Tic:Toc's Unique Platform Build
- Anthony Baum shared that Tic:Toc built a proprietary platform from scratch, not built on existing systems.
- The platform enhances automation, data enrichment, and human exception handling for home loans.
Banking Industry Evolution
- The banking industry is evolving to separate brand, technology, and balance sheet functions.
- A few strong technology platforms enable multiple brands to deliver financial products cost-effectively.
Partnerships Expand Market Reach
- Tic:Toc partners with multiple brands like Qantas Money and Bendigo & Adelaide Bank to provide home loans.
- New brands leverage Tic:Toc’s platform to enter home loans market without prior experience or infrastructure.