Luke researches and writes on finance, banking and fintech in China and Australia. Luke was the research director for the first Asia-Pacific China Alternative Finance Benchmarking Report published in March 2016. This report was led by the Cambridge Centre for Alternative Finance, with the Tsinghua Graduate School at Shenzhen and the University of Sydney Business School and its Finance Discipline, in partnership with KPMG Australia and its regional offices and supported by ACCA (The Association of Chartered Certified Accountants). Luke is Research Affiliate with the Department of Government and International Relations at The University of Sydney, in Australia, and a Research Associate with the Cambridge Centre for Alternative Finance and a Research Associate in Alternative Finance with the University of Cambridge Judge Business School.
This panel looked at Good Shepherd, a not-for profit that provides microfinancing for Australians who live on the margins. Seventeen per cent of adults in Australia experience financial exclusion.
Corrine Proske pointed out that millions of Aussies have very little access to credit, which places them and their families at risk of poverty and poor social, emotional and health outcomes. Good Shepherd provides small loans on fair rates to help these people.
Elliot Anderson gave the perspective of NAB, which is a partner of Good Shepherd and provides it with funding to a tune of $130 million a year.