Tagged: australia

May 27, 2023 @ 4:46 pm By Omar Faridi  |  

As noted in an update from ubank, 80% of financially stressed young Aussies “are experiencing mental health impacts.” According to new YouGov research commissioned by ubank, there are “a number of concerning insights around the ways financial anxiety is impacting the mental and physical health… Read More

May 25, 2023 @ 6:05 am By Omar Faridi  |  

The Commonwealth Bank of Australia’s (CBA) is launching a new tool to help small and medium sized enterprises (SMEs) to embed sustainability into their operations. CBA’s new Sustainability Action Tool “provides insights into actions businesses can take to reduce their environmental impacts and lower costs.”… Read More

May 21, 2023 @ 9:55 pm By Omar Faridi  |  

Tyro Payments is pleased to announce that its customers in Australia are now able to accept in-person contactless payments seamlessly and securely with Apple’s Tap to Pay on iPhone contactless payment acceptance technology using the new Tyro BYO App, starting now. Tap to Pay on iPhone… Read More

May 19, 2023 @ 12:48 pm By Omar Faridi  |  

Fintech firm Revolut has introduced multi-currency business accounts in Australia and signaled its intention to acquire a banking license in the country. The new business account allows companies to exchange as much as A$75,000 per month, with head of Revolut Business James Gibson revealing to… Read More

May 8, 2023 @ 11:30 pm By Omar Faridi  |  

The Commonwealth Bank Group has unveiled its latest technology hub in Perth, as part of its broader strategy to contribute to Australia’s digital economy and support a diverse pipeline of technology talent. CBA’s Tech Hub program has been “established to diversify the concentration of tech… Read More

May 2, 2023 @ 7:30 pm By Omar Faridi  |  

Backbase, which claims to be the global leader in Engagement Banking, has released a new report titled, “Banking Disruption: Australians’ Shift in Focus towards Credit Unions, Mutuals and Second Tier Banks”, which highlights the ways Australians are engaging with the top 10 banks online and… Read More

May 2, 2023 @ 3:44 pm By Omar Faridi  |  

Splitit (ASX: SPT), which claims to be the “only” white-label service allowing customers to pay by installments using their existing credit on their payment card at checkout, has announced a new super-fast white-label payment experience, SplititExpress. This experience “enables checkout in under 2-seconds and also… Read More

April 29, 2023 @ 7:15 pm By Omar Faridi  |  

Tradeweb Markets Inc. (Nasdaq: TW), a global operator of electronic marketplaces for rates, credit, equities and money markets, released the following statement: “Tradeweb is in advanced discussions to acquire Yieldbroker, an Australian government bond and interest rate derivatives trading platform covering the institutional, wholesale, and… Read More

April 28, 2023 @ 9:56 am By Omar Faridi  |  

Celerant Technology, the retail software solution provider, announced a partnership with Sezzle Inc. (ASX: SZL), a provider of consumer financing solutions. Retailers can now add Sezzle Pay “to their Celerant eCommerce website to offer the convenience of ‘buy now, pay later’ with 0% APR and… Read More

April 24, 2023 @ 6:51 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, announced that its suite of unified commerce solutions is now available in Australia, “including Stripe Terminal with Tap to Pay on Android for in-person contactless payments.” In Australia, over three-quarters of consumer payments are “made with cards.” By… Read More

April 22, 2023 @ 2:54 pm By Omar Faridi  |  

Commonwealth Bank is expanding its range of green financing to support home loan and personal loan customers “to enhance the energy efficiency of their homes, and purchase electric and hybrid vehicles.” The Green Loan is described as being “a low, 10-year secured fixed rate and… Read More

April 17, 2023 @ 9:23 pm By Omar Faridi  |  

NSW, Queensland and Tasmanian digital businesses have seen their annual turnover “jump by up to 13%, even as Aussies’ online spending dropped by more than $124 million nationwide.” The first Digital Economy Index released by payments fintech Airwallex shows Australians have “spent $124.1 million less… Read More

April 12, 2023 @ 10:38 pm By Omar Faridi  |  

Paymerang, LLC, an innovator in accounts payable automation, announced the asset acquisition of KwikTag, an invoice automation provider for Microsoft Dynamics ERP systems, and the share acquisition of Sypht, an Australia-based AI data platform. The acquisition was completed on April 3, 2023. This is the… Read More

April 6, 2023 @ 10:56 am By JD Alois  |  

Announced today, the Australian Securities and Investments Commission (ASIC) has revoked the Australian financial services (AFS) license held by Oztures Trading Pty Ltd, trading as Binance Australia Derivatives. ASIC states that the cancellation took effect as Binance had requested the move. Binance will cease providing… Read More

April 4, 2023 @ 11:17 am By Omar Faridi  |  

NAB has started introducing more proactive prompts to digital banking to help customers identify potential scams and “to make sure money is going to the right recipient when they’re making a payment.” The initiative will “present customers with real-time, personalized messages based on the type… Read More

April 3, 2023 @ 7:28 pm By Omar Faridi  |  

Paypa Plane claims it is “revolutionizing” the financial sector by “delivering customizable payment solutions to banks that grant them entry into Australia’s PayTo Network.” Paypa Plane’s services “provide a comprehensive suite of capabilities to banks and their customers and has garnered the attention of US… Read More

April 3, 2023 @ 7:49 am By JD Alois  |  

Edda, a Paris-based Fintech, has announced a partnership with Innovation Bay, a community for startups based in Australia. Edda is a tool for professional investors that aims to create value by allowing users to see the value of their investments and the impact they generate… Read More

March 29, 2023 @ 9:10 pm By JD Alois  |  

Australian Fintech MoneyMe (ASX:MME) has raised A $37 million in equity capital, according to a statement by the company. MoneyMe is a digital lender serving consumers. It was reported earlier this week that MoneyMe founder and CEO Clayton Howes was seeking to raise capital in… Read More

March 28, 2023 @ 8:28 pm By Omar Faridi  |  

The Commonwealth Bank (CBA) and Telstra announced a new pilot to help protect their customers from phone scams. Scam Indicator, currently in proof-of-concept stage and to be piloted over the next few months, will help “protect joint CBA and Telstra customers from phone scams where… Read More

March 27, 2023 @ 6:45 pm By JD Alois  |  

Birchal, long the leading online capital formation platform in Australia, reports that during its fiscal Q3 2023 quarter it dominated the “crowd-sourced funding” market in the country. Birchal says that it captured 100% market share during the quarter to date, making it the only Australian… Read More