Search Results for: australia

Australia’s Digital Transformation Agency Says its New Digital Identity System will Verify Users to Access Wide Range of Online Services

The Digital Transformation Agency (DTA) has been focused on developing the Australian digital identity system, so that locals can access essential government services in a simple and secure manner. The new digital identity platform will allow individuals and Australian companies to verify their identities through… Read More

UK Fintech TransferWise Enables Australian Dollar (AUD) Direct Debits, Introduces “Pay with TransferWise” with Xero

UK-based Fintech TransferWise recently allowed users to set up direct debits in Australian dollars (AUD), in order to settle bills and pay for subscriptions across Australia – which can now be done directly from users’ TransferWise accounts. As confirmed by the money transfer service provider,… Read More

Payment Processor Checkout.com Announces Acquisition of Australian Startup Pin Payments

Global payment solution provider Checkout.com announced on Thursday it has acquired Australian startup, Pin Payments. Checkout.com reported that the acquisition represents the next chapter of the company’s momentum across the Asia-Pacific (APAC) region as it continues to support both international and domestic merchants to grow… Read More

Australian Securities Exchange listed Fintech Identitii Reveals Roadmap and Business Strategy for 2020

Australian Securities Exchange (ASX)-listed Fintech firm Identitii (ASX:ID8) claims that the strength of its network, which includes global banking clients, has been one of its main competitive advantages. Identitii works with major banking institutions including HSBC. They’re both developing the Overlay+ platform, which is a… Read More

Australian Digital Bank UBank Updates its Product Offering, Based on Customer Feedback

Australian digital bank UBank has made significant changes to its bank account products. UBank, which is owned by the National Australia Bank (one of the four largest financial institutions in Australia), confirmed on May 11, 2020 that it will be simplifying its digital product offerings,… Read More

Australian Digital Bank 86 400 Plans to Capitalize on Current Situation, as Incumbents Struggle Due to COVID-19

The COVID-19 crisis has significantly reduced the revenue generated by some of the largest banks in Australia. The pandemic may present opportunities to banking challengers such as 86 400 to gain market share. As the nation’s Big Four banks try to deal with a dramatic… Read More

Australia’s Judo Bank Secures $250 Million Through Latest Equity Round & Achieves Unicorn Status

Australia-based SME challenger bank Judo Bank announced on Thursday it raised $250 million through its latest equity at a post-money valuation to more than $1 billion, which the bank reports has lifted it into an exclusive club of local unicorns and showing the support of… Read More

FinTech Australia Names Fibre & Network Solutions Provider Vocus a New Ecosystem Corporate Partner

FinTech Australia recently announced it has formed a partnership with specialist fibre and network solutions provider, Vocus. The organization reported that Vocus has signed up as an ecosystem corporate partner of FinTech Australia, in addition to supporting its major events. The partnership will notably see… Read More

Payment Verification Tech Provider ISignThis Loses Legal Battle to Suppress Australian Securities Exchange’s Reasons for Share Suspension

ISignthis (ASX:ISX), a Melbourne-based provider of remote AML/CFT KYC-enhanced due diligence identity proofing, has reportedly lost its initial legal battle with the Australian Securities Exchange (ASX) over the suspension of its company shares. The suspension was announced following an order from the federal court which… Read More

Digital Identity: Eftpos Australia to Begin Testing its Mass-Market Online Customer ID Service, backed by Leading Banks, Merchants

Eftpos (electronic funds transfer at point of sale) Australia confirmed that it will begin running pilots of a mass-market digital identity service, which is reportedly backed by the nation’s leading banks and merchants. According to a document submitted to the Australian government’s Select Committee on… Read More

Fintech Australia Posts Recommendations on Post COVID-19 Response to Support Financial Innovation

At the end of last month, the Australian Senate Select Committee on Financial Technology and Regulatory Technology submitted a request for input as to the impact of the COVID-19 pandemic on the Fintech sector. The committee said that it is “keenly aware” to the impact… Read More

Australian Fintech Airwallex Secures $160 Million Through Series D Funding Round; Bring Total Equity Raised to $360 Million

Airwallex, an Australia-based fintech company, announced on Thursday it secured $160 million through its Series D funding round from various investors, such as ANZi Ventures, Salesforce Ventures, DST Global, Tencent, Sequoia Capital China, Hillhouse Capital, and Horizons Ventures. The latest funding brings Airwallex’s total equity… Read More

FinTech Australia Partners With Tier One People To Launch Talent Marketplace for Australian Fintechs

FinTech Australia announced on Tuesday it has teamed up with Tier One People to launch a new talent marketplace specifically for Australian fintechs. According to the organization, this new marketplace will run through LinkedIn Groups and aims to connect candidates with prospective employers and help… Read More

Australia: Prospa to Participate in Government’s SME Guarantee Program

Online lender Prospa Group Limited (ASX: PGL) has received access to the Australian government’s SME Guarantee Scheme to support small businesses impacted by the COVID-19 pandemic. The Fintech believes it is uniquely placed to implement the Government’s initiative. The Coronavirus Small and Medium Enterprises Guarantee… Read More

Contactless Payments: Commonwealth Bank of Australia Reports Significant Increase in Digital Wallet Transactions Following COVID-19 Outbreak

The Commonwealth Bank of Australia (CBA), a global bank with businesses across New Zealand, Asia, the UK, and the US, recently noted that there’s been a significant increase in mobile-based digital payments at point-of-sale (PoS) terminals. This, as Australian residents may be trying to avoid… Read More

Australian Neobank 86 400 Secures $34 Million in Capital from Morgan Stanley, Others

Cuscal-backed digital bank 86 400 has secured $34 million in funding from its first outside investors. The Australian neobank’s Series A investment round was led by Morgan Stanley. The banking challenger has acquired a total of $90 million in capital. The bank’s latest round included… Read More

Australian Digital Bank Up Slashes its Savings Interest Rate, Following Reserve Bank’s Recent Cuts

Up is the latest digital banking service provider to slash its savings rates following the Reserve Bank of Australia’s recent cut to the nation’s official interest rates. The Melbourne-headquartered neobank has adjusted the maximum rate on its Saver Account. The new rate has been marked… Read More

Australian Digital Bank Xinja Selects Cloud Content Management Provider Box

Xinja, a an Australian digital bank, has selected Box (NYSE:BOX), a cloud content management provider, to help with improving its client interactions through the neobank’s mobile app. Xinja clients’ bank statements and account data will be sent via a portal that’s operated and managed by… Read More

Gobbill, a Fraud Detection and Payment Automation Firm, and AirPay Integrate AliPay, WeChat Payments into Today Australia Media Platform

Australia-based Gobbill, a fraud detection and payment automation firm, and AirPay, a Chinese mobile payment company, have integrated Alipay and WeChat payment functionality into a media platform, called Today Australia. The integration will allow users to make payments via a feature called “ToPay,” which comes… Read More

Financial Software Provider, Iress, to Offer Free Technology-related Information to Australia’s Fintech Sector as Country Adjusts to Working Remotely During Coronavirus Outbreak

Australia-based Iress is launching a new hub that will offer free technology-related information and support for the financial services sector as it begins to adjust to new ways of completing tasks during the coronavirus (COVID-19) outbreak. Visitors will have access to guidance and tools such… Read More

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