Tagged: australia

March 14, 2025 @ 11:34 am By JD Alois  |  

Kirstin Hunter has been appointed as Birchal’s new CEO. Birchal is Australia’s largest securities crowdfunding platform – or crowd-sourced funding as it is labeled in the country. In January, it was revealed that Birchal’s co-founder and CEO, Matt Vitale, was stepping down from the position… Read More

March 12, 2025 @ 9:30 pm By Omar Faridi  |  

OKX has released their ‘Responsibility Report,’ providing insight into how their platform aims to: safeguard customer assets, help prevent fraud, operate within the Australian regulatory environment and promotes platform stability. As noted in the update from digital assets firm OKX, the ‘Responsibility Report’ outlines four… Read More

February 26, 2025 @ 4:52 pm By Omar Faridi  |  

Australia’s digital banking platform, Ubank, has reportedly rebuilt its mortgage broker platform to streamline the digital home loan lodgement process and deliver a compelling online experience for brokers and their customers. More than technology, Ubank explained that the new broker platform is the cornerstone of… Read More

February 21, 2025 @ 5:07 pm By Omar Faridi  |  

Nium, the global infrastructure for real-time cross-border payments, announced the expansion of its real-time payout capabilities into Australia. The move furthers Nium’s mission to offer the global real-time payments network, enabling business to “send payments across borders faster and more affordably.” With this expansion, businesses… Read More

February 11, 2025 @ 11:11 am By Omar Faridi  |  

Australian financial services firm AMP has collaborated with Engine by Starling to develop a new digital bank designed specifically for small business owners and everyday customers. The mobile-first bank aims to cater to Australia‘s millions of small business owners, including micro businesses, solopreneurs, and side… Read More

February 3, 2025 @ 9:13 pm By Omar Faridi  |  

Customers engaging in e-commerce activities via Amazon.com.au can now use ‘PayTo’ to make a purchase directly from their bank account in a secure way, removing the need to provide sensitive payment card details. The PayTo payment option gives Amazon.com.au customers visibility and control over their… Read More

February 2, 2025 @ 6:26 pm By Omar Faridi  |  

ASIC has recently written to superannuation trustees urging them to strengthen anti-scam practices, or risk ex”posing members to harm.” The open letter, which is reportedly signed by ASIC Commissioner Simone Constant, outlines their guidance for superannuation trustees in “preventing, detecting and responding to scams and… Read More

January 29, 2025 @ 9:36 pm By Omar Faridi  |  

Alchemy Pay, a fiat-crypto payment solutions provider, announces its registration as a Digital Currency Exchange Provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC). This approval represents a key regulatory approval, enabling Alchemy Pay to facilitate fiat-to-crypto payment services in the Australian market. With… Read More

January 22, 2025 @ 10:05 pm By Omar Faridi  |  

Westpac has released new data revealing the effectiveness of Australia’s scam prevention efforts. The new analysis conducted by BDO compared Australia, the United Kingdom (UK), Canada and the United States (US) and found Australia is “one of the most successful countries” in bringing down scam… Read More

January 15, 2025 @ 4:49 pm By Omar Faridi  |  

The CommBank Household Spending Insights (HSI) Index fell by 1.8 per cent in December 2024 after a “strong” Black Friday sales spending boost in November of last year. As noted in the latest report from Australia‘s CommBank, the fall was driven by an “8.3 percent… Read More

January 12, 2025 @ 1:31 pm By Omar Faridi  |  

Airwallex, a payments and financial platform for global businesses, has recntly announced its partnership with Carwow, the online car-changing marketplace. Following the integration of Airwallex’s Scale Native API, Carwow can now process “payments for those enterprise dealer groups who purchase cars from thousands of private… Read More

January 8, 2025 @ 3:48 pm By JD Alois  |  

Birchal, Australia’s leading investment crowdfunding platform, has lost a co-founder and CEO. Matt Vitale has announced his decision to exit his role at the platform. Vitale said in the blog post that after “deep reflection,” he was leaving the company he helped to launch eight… Read More

January 6, 2025 @ 8:53 pm By Omar Faridi  |  

Digital transformation, and use of emerging technologies like AI are the key issues Australian business professionals will focus on during 2025 and beyond, KPMG’s annual Keeping Us Up At Night survey finds. Concerns over the slowing economy, and cost of living are also prominent, the… Read More

December 19, 2024 @ 5:07 pm By Omar Faridi  |  

Macquarie Real Estate Partners (MREP), a real estate fund managed by Macquarie Asset Management’s Real Estate division (MAM), announced it has invested in IDA, an Australian specialist real estate private credit and investment manager. The investment by MREP will provide funding to support the growth… Read More

December 11, 2024 @ 6:15 pm By JD Alois  |  

Birchal, an online investment platform based in Australia, says it has raised $2 million in just 29 hours. The self-crowdfunding round was backed by more than 800 investors. Birchal says its own round was the fastest this year and the largest as well. Birchal is… Read More

December 10, 2024 @ 5:02 pm By Omar Faridi  |  

For the second year in a row, the Australian fintech landscape has seen a decline in the number of independent active fintech firms headquartered in Australia, with “a 7% fall between the 2023 and 2024” according to the KPMG Fintech Landscape. As foreshadowed in KPOM’s… Read More

December 5, 2024 @ 5:06 pm By Omar Faridi  |  

Australian companies’ use of AI in their finance functions is growing steadily – and the Return on Investment (ROI) on AI is exceeding, or at least meeting, expectations, a KPMG International study has found. And a quarter or 25% of Australian and overseas organizations are… Read More

December 4, 2024 @ 8:22 am By JD Alois  |  

Birchal, the leading securities crowdfunding platform in Australia (crowd-sourced funding in Aussie) has revealed its first partnership with an outside investor to fund a startup that is listed on its marketplace. Professional investors like VCs or Angels can provide important signalling for retail investors about… Read More

December 3, 2024 @ 7:11 pm By Omar Faridi  |  

Only a month out from the December holiday seasons, eCommerce retailers are witnessing signals of renewed consumer confidence as international sales drive considerable spending growth, according to the Digital Economy Index by Airwallex, an Australian-founded leading global financial platform. After a “rocky” start to 2024,… Read More

November 28, 2024 @ 1:40 pm By Omar Faridi  |  

Commonwealth Bank of Australia (CBA) has outlined how artificial intelligence is helping to transform the experiences it delivers to its 10 million-plus customers. At a key update in Sydney, the CBA reportedly showcased the role technology and AI are playing in delivering a number of… Read More