Tagged: australia

NAB Welcomes Consultation on Government’s Digital ID Bill, Bringing Privacy, Improved Access to Australians

NAB welcomed the announcement by the Government to begin consultation on a draft Digital ID bill, an important milestone in advancing the Australian Digital Identity ecosystem. NAB Executive Digital Governance Brad Carr said “the move will help to protect customers and provide greater convenience.” Mr… Read More

Australian Businesses Faring Well Despite Changing Economic Environment – Research Report

Businesses in Australia are reportedly faring well despite changing economic conditions, says Westpac’s latest business snapshot. Australian businesses are largely managing “slowing consumer demand and are cautiously optimistic as they head into 2024.” Westpac’s latest Quarterly Business Snapshot), which “analyzes millions of daily business banking… Read More

Diversiview, the Portfolio Analysis Tool from Australia’s Fintech LENSELL, Expands Analytics Coverage

Diversiview, the portfolio analysis and optimization tool developed by Australia-based fintech firm LENSELL, has reportedly expanded its analytics coverage to include securities listed on the National Stock Exchange of India (NSE). As noted in the update, this extension allows users “to analyze and optimize investment… Read More

ASIC Slaps BNPL Provider Elepay

The Australian Securities and Investments Commission (ASIC) has received a “court-enforceable” decision addressing the operations of Elepay (Elevare Pay Easy Pty Ltd), a buy now pay the later provider (BNPL). According to a statement issued by ASIC, Elepay failed to Target Market Determination (TMD) before… Read More

CommSec, the Digital Broking Arm of Australia’s Commonwealth Bank, Shares Latest Economic Activity Report

Construction activity and a strong job market have helped South Australia ascend to the top of the economic performance leaderboard, according to CommSec’s quarterly State of the States report. This is the first time South Australia has reportedly “ranked No.1 in the report’s 15-year history.”… Read More

During Challenging Economic Climate, Investment Crowdfunding Remains Stable in Australia – Report

Birchal, the largest investment crowdfunding platform in Australia has distributed a report updating on the activity of issuers pursuing online capital formation in the country. “Crowd-sourced funding,” as online securities offerings are labeled in Australia, are said to have remained “stable” generating A$71 million during… Read More

NAB and Microsoft to Deliver Cyber Assessment Tool to Help Australian Firms Deal with Cyberattacks

NAB has partnered with Microsoft (Nasdaq: MSFT) to deliver a free cyber assessment tool in order “to help Aussie small businesses prepare for and bounce back from a cyber attack.” The tailored, self-assessment – available for all Australian businesses from now – “takes under two… Read More

Social Impact Fintech Prodigy Finance to Support International Students with Pursuing Educational Programs in Australia

In a move to foster global education and support aspiring students, Prodigy Finance has announced that it is now financing international master’s students “to pursue their studies in Australia.” Prodigy Finance, a social impact-driven FinTech and an international student loan lender is committed “to breaking… Read More

Fintech Tyro Adopts Pismo Platform to Enhance Australia Operations

Pismo, a provider of a cloud-native and API-based platform for financial services, announces a significant milestone in its growth journey. Australian fintech Tyro Payments is “adopting the Pismo payment-processing platform to enhance its product portfolio.” Tyro, which reportedly specializes “in merchant credit, debit, and EFTPOS… Read More

Fintech Spenda, an SaaS, Payment and Lending Services Provider, Enters MoU with Ausralia’s eBev

Spenda, an integrated business platform offering a wide range of SaaS, payment and lending capabilities, is pleased to announce that it has entered into a binding Memorandum of Understanding (MOU) with eBev, Australia’s marketplace for wholesale beverages, in order to integrate payment solutions into their… Read More

Fintech Professional Predicts Tough Year for Payment Fintechs in Australia with Startup Corporate and Business Card Issuers “Likely” to Fail

Brad Kelly, Managing Director at Payment Services, has shared his forecast for the coming year. According to Brad Kelly, 2024 is going to be “a tough year for payment fintechs in Australia with startup corporate and business card issuers likely to fail with little value… Read More

Australia’s Digital Banking Platform Ubank Warns Consumers About Rise in Scams, Fraudulent Activities

Ubank’s Chief Product Officer, Andrew Morrison, has provided his top tips on staying alert and scam-savvy this holiday season. For many of us at this time of year, the focus has shifted to holiday gift-giving, finalizing travel plans, and managing money coming in and out… Read More

CommBank Research Reveals Majority of Australians Will Set Financial Goals as they Dive into 2024

Research published by Commonwealth Bank (CBA) shows “the majority of Aussies will set a money-based New Year’s resolution in 2024.” According to the latest CommBank research, 76 per cent of Australians “will make at least one financial resolution as they dive into 2024.” Almost one… Read More

Australia: Birchal Aims to Raise More Money, Shares Top Securities Offerings in 2023

Birchal, the leading securities crowdfunding platform in Australia (Crowd-sourced Funding in Aussie-speak), says it is on track to completing its most active quarter to date. According to the company, Q4 has seen 25 successful funding rounds and the platform is nearing A$ 200 million in… Read More

TRM Labs Teams Up with Crypto Exchange Swyftx to Combat Scams in Australia

TRM Labs, the enabler of blockchain intelligence solutions, and Australian crypto exchange Swyftx, launched a world-first trial today that “will pay crypto users to protect themselves against fraudsters through training and by enabling stronger security features to protect their accounts.” The program offers AUD $10… Read More

Ubank, Australia’s Digital Bank, Is Continuing to Serve Tech-Savvy Demographic

Ubank says tha tcontinues to innovate for the digital generation. Ubank is announcing a new, upcoming app and service features “to help the digital generation reach their financial goals sooner.” Ubank, Australia’s digital bank, is continuing “to serve Australia’s tech-savvy demographic.” With strong customer growth… Read More

UK’s Real-Time Payments Fintech Volt to Expand Operations into Australian Markets

Volt, the global real-time payments platform, announces its expansion into Australia following a period of sustained growth for the UK-headquartered fintech company. Following Volt’s $60m funding round earlier this year, this development “marks the latest step in its ambitious growth plans to meet market demand… Read More

Global Fintech Adyen Launches Capital for Australia Platform Clients

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, has launched Capital, a product that enables businesses on Adyen for Platforms offer timely access “to funding for their small and medium-sized business (SMB) users in Australia.” Research conducted in partnership with Boston… Read More

Australia and New Zealand’s Business Lender ScotPac Teams Up with Financial Services Firm Ebury

Australia and New Zealand’s non-bank business lender ScotPac, and global financial services firm Ebury have announced a new partnership aimed “at making trading on a global scale faster and more accessible for all businesses.” The collaboration will provide clients of both businesses “with ready access… Read More

Australia: Mutual Banks, Building Societies, Credit Unions Significantly Increased Total Assets – Report

Australia’s mutual banks, building societies and credit unions (the “Mutuals”) increased total assets by 2.5 percent to $163.1 billion in the 2023 financial year, “compared to last year’s 8.4 percent jump (to $159.1 billion).” At the same time, overall operating profits before tax increased “by… Read More

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