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Alternative finance challenging banks

Big banks make it hard to send money overseas, with big drafts, fees and transfer times. They also often offer a diminished exchange rate.

This has led to the emergence of finance alternatives, with people looking for new ways to invest.

Australia is now the third largest online alternative finance market in the Asia-Pacific, behind China and Japan.

Story features: Taavet Hinrikus, CEO of TransferWise

Image: ‘518392245AG153_TechCrunch_D’ by TechCrunch on Flickr

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