Search Results for: australia

Australia based TAGZ, a Digital Asset Exchange which Claimed to be One of the Largest Crypto Trading Platforms, to Shut Down

Australia-based TAGZ, a crypto exchange that claimed to be one of the largest fully-regulated digital currency trading platforms, recently announced that it will be shutting down its operations on July 30, 2020. TAGZ was reportedly a licensed AML/CTF compliant digital asset exchange. As noted on… Read More

“Product-Disruptive” Neobank Developer DayTek Captial in Australia Joins Visa’s Fintech Fast Track Program

DayTek Capital, a company focused on building Australia’s first “product-disruptive” neobank, is the latest firm to join Visa’s Fintech Fast Track program as it prepares for the launch of Infinity, an all-digital banking challenger. By joining the program, DayTek Capital will be able to help… Read More

Australian Fintech Zeller Acquires $6.3 Million in Seed Funding via Round led by VC Square Peg Capital

Financial services firm Zeller has acquired $6.3 million in capital through a seed funding round led by Australian VC Square Peg Capital. Zeller says that it’s planning to use the funds raised to offer services that plug the existing gaps or shortcomings of the business… Read More

Australian Wealthtech Picture Wealth Secures A$12 Million via Equity and Debt Funding Round, Acquires NEO Financial Solutions

Picture Wealth has finalized a A$12 million equity and debt funding round. The wealth management firm is planning to transform Australia’s financial advisory and superannuation sector. Picture Wealth has also acquired financial services licensee NEO Financial Solutions (NFS) for an undisclosed amount. Following the acquisition,… Read More

Malaysia: Fintech BigPay Adds Australia and Vietnam to Global Remittance Service, will Add China Soon

Asian Fintech firm BigPay announced on June 19, 2020, that it has added Australia and Vietnam to its global remittance service, and will be adding China soon. The company added Bangladesh and India in January of this year. BigPay’s management noted that they’re committed to… Read More

Digital Transformation: Australia Might Be On Track to Become a Cashless Economy like Sweden due to COVID-19

Bank branches and ATMs might continue to disappear across Australia as the COVID-19 outbreak is expected to accelerate the shift towards a cashless economy. Local news outlet 7NEWS Sydney reports that the use of cash has been reduced by over 50% due to the Coronavirus… Read More

Australia and the UK to Extend Existing Fintech Agreement, While Supporting Financial Services Providers in Singapore

  Australia is reportedly planning to extend one of its Fintech agreements with the UK. The agreement is designed to help Fintech firms in each country by making it easier for them to acquire operational licenses. Both jurisdictions also aim to increase cooperation and collaboration… Read More

Australian Fintech Hay Selects Featrurespace’s ARIC Risk Hub to Identify and Prevent Fraudulent Financial Activities

Featurespace, an established provider of Enterprise Financial Crime prevention software, confirmed that Australia’s Fintech Hay has chosen its ARIC Risk Hub to help identify and prevent potentially fraudulent financial activities and money laundering on its mobile-first solution. Hay builds digital infrastructure from the ground up… Read More

Airwallex Launches New Payment Acceptance Service in Australia, Hong Kong, & Singapore With WeChat Pay

Airwallex, an Australia-based fintech company, recently announced it has launched a new payment acceptance service in Australia, Hong Kong, and Singapore with WeChat Pay. The company reported that the service is allowing merchants to add WeChat Pay as an additional payment option on the e-commerce… Read More

Fintech Nium Partners with Visa to Offer Cards in Australia

Nium, a Singapore based Fintech platform, has become a Visa issuer in Australia due to its partnership in Visa’s Fintech Fast Track program. In a release, Nium explained that it will be able to provide end-to-end issuing, processing, and onboarding services, and shorten the lead… Read More

Wealthtech: US and Australia based Creativemass, a Wealth Management Firm, to Receive Investment from Republic Capital Group

Republic Capital Group, a company focused on offering investment banking services to the registered investment advisors (RIAs), asset and wealth management communities, will reportedly make a strategic investment in Creativemass, a US and Australia based financial services software firm. Creativemass provides wealth management solutions via… Read More

Digital Transformation: National Australia Bank CEO Ross McEwan Reveals that Adoption of Virtual Payments has Surged Dramatically due to COVID-19

  Ross McEwan, a New Zealand banker and the CEO and MD at National Australia Bank (NAB), recently argued that, in his opinion and assessment, “permanent” change has “just been made in 10 weeks” in consumer behavior and their preference towards using digital banking platforms…. Read More

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

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