Peter White is the Executive Director of the Finance Brokers Association of Australia Limited (FBAA) responsible for the overall direction of the business and government relations, media spokesperson and strategies. Now into his 39th year in banking and finance Peter has worked in retail banking, investment and private banking, non-banking and mortgage management, and as a broker. He has been with the FBAA for 15 years whereby originally he was a volunteer as NSW President then National President & Chairman of the Board of Directors, and then taking over in 2010 full-time as CEO. Peter through the FBAA is the industry’s Mental Health Awareness Ambassador, he sits on the Advisory Board of the Small Business Association of Australia (SBAA) as well as several Industry Consultation Committees to Government and Regulators. Peter is a Registered Lobbyist and is also the Executive Chairman and with his wife Janet as Co-Founders of The Sanity Space Foundation Ltd which assists parents and carers of special needs children.
This panel, the last of the day, looked at how fintech intermediaries fit in an industry that’s getting tougher and heading towards consolidation.
Peter White emphasised the role of brokers as a central intermediary, noting that they are driven by the National Consumer Credit Code. They don’t give advice they give assistance by law.
Michael Burke noted that things are getting tougher but there is still a major role for intermediaries, but margins and revenues aren’t as high as many hoped.