Tagged: australia

November 26, 2023 @ 12:40 pm By Omar Faridi  |  

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

November 24, 2023 @ 5:47 pm By Omar Faridi  |  

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

November 19, 2023 @ 3:39 pm By Michael Wong  |  

Australia and the Philippines have agreed to cooperate in promoting trade and investment within the financial technology (fintech) sector, marking a major step towards enhancing the technological collaboration between the two nations. The memorandum of understanding that formalises the partnership was signed by FinTech Alliance.ph… Read More

November 7, 2023 @ 10:37 pm By Omar Faridi  |  

The past year has been challenging for the Australian fintech sector, according to the KPMG Australian Fintech Survey Report 2023, “with both total investment and the number of deals materially dropping compared to the previous year.” This has led to a decline in the total… Read More

November 7, 2023 @ 9:26 pm By Omar Faridi  |  

Zodia Custody, an institution-first digital asset custodian whose shareholders include Standard Chartered, SBI Holdings and Northern Trust, is appointing Drew Bradford as non-executive Chairman of its Australian operation, Zodia Custody Australia. Bradford will join the business “from National Australia Bank (NAB), where he was the… Read More

November 6, 2023 @ 8:23 am By Omar Faridi  |  

Businesses can earn returns on their US-dollar balances without opening an overseas bank account with a new Australian-first account from global financial platform Airwallex. Airwallex’s Yield also “offers Australian businesses more than double the big banks’ returns on AUD funds, all without minimum lock up… Read More

October 31, 2023 @ 5:21 pm By Omar Faridi  |  

In the realm of financial technology, Spaceship claims that it is set to transform the investment experience for young Australians. The company has reportedly “established itself as a visionary in the field but has strategically chosen Alpaca as a service provider to further enhance its… Read More

October 23, 2023 @ 8:48 pm By Omar Faridi  |  

Ubank’s CEO Philippa Watson and Head of Product for Everyday Banking, Andy Wright recently shared key insights at the 10th annual Australian FinTech Summit. In a discussion during the 10th annual FinTech Summit, ubank’s CEO Philippa Watson shed light on how ubank is “redefining customer… Read More

October 22, 2023 @ 3:01 pm By Omar Faridi  |  

Mambu has bolstered its dominance of the cloud banking technology sector in Australia, expanding its customer base to now include 10 of the country’s most innovative and forward-thinking financial service providers, “among them Angle Finance, Bluestone Home Loans, Commonwealth Bank of Australia, Lumi, Nimble, Prospa… Read More

October 20, 2023 @ 11:22 am By Omar Faridi  |  

Netwealth, one of Australia’s specialist investment platforms, and iCapital, the global fintech platform driving access to alternative investments for the wealth management industry, announced a partnership “to distribute global private market and hedge fund investments to financial advice firms and their wholesale clients across Australia.”… Read More

October 18, 2023 @ 7:19 pm By Omar Faridi  |  

Zodia Custody, an institution-first digital asset custodian whose shareholders include Standard Chartered, SBI Holdings and Northern Trust, is launching SAF3, the real-time digital asset custody platform in Australia, designed for institutions. SAF3 has been built by institutions for institutions, and will be “launched in Australia… Read More

October 17, 2023 @ 4:45 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, brings Tap to Pay on iPhone to its Australian retailer customers. By partnering with NewStore for the launch, businesses “including R.M.Williams, Lorna Jane, and Munro Footwear Group, parent company to Mathers, Williams,… Read More

September 26, 2023 @ 8:59 pm By JD Alois  |  

The Australian Securities and Investment Commission (ASIC) has penalized Bobbob Pty for its representations about a crypto-asset-linked investment product. Bobbob has settled the claims by paying $53,280 to comply with ASIC’s “infringement notices.” In a statement, ASIC explained that it was concerned that Bobbob made… Read More

September 25, 2023 @ 11:57 pm By Omar Faridi  |  

KPMG has shared its economics report which finds house / property prices are expected “to rise gradually over next nine months and then surge in FY25.” In Australia, home / real estate prices will “rise nationally by 4.9% over the next 9 months and then… Read More

September 22, 2023 @ 8:46 am By JD Alois  |  

The Australian Securities and Investments Commission (ASIC) has sued Bit Trade Pty, a partner of Kraken that services clients in Australia. According to a statement issued by the regulator, Bit Trade has “failed to comply with the design and distribution obligations for the margin trading… Read More

September 19, 2023 @ 8:17 pm By Omar Faridi  |  

Backbase is pleased to announce the partnership with Judo Bank (ASX: JDO) is now live. Judo selected Backbase’s Engagement Banking Platform (EBP) to create new digital experiences for its small and medium (SME) business banking and term deposit customers. The adoption of Backbase’s EBP will… Read More

September 15, 2023 @ 4:45 pm By Omar Faridi  |  

Chainlink notes that, ANZ Bank,, one of the largest institutional banks in Australia, used Chainlink CCIP to successfully demonstrate a cross-chain purchase of tokenized assets “with A$DC, an ANZ-issued stablecoin of the Australian Dollar.” .@ANZ_AU, one of the largest institutional banks in Australia, used Chainlink… Read More

September 10, 2023 @ 10:29 am By Michael Wong  |  

UnionPay International (UPI), the world’s premier provider of secure cross-border payment services, has joined hands with NBC Badminton, Australia’s leading badminton club, to roll out a specially crafted prepaid card for NBC badminton aficionados. The ‘NBC x UnionPay’ prepaid card seeks to offer unparalleled convenience… Read More

September 9, 2023 @ 3:28 pm By Omar Faridi  |  

As momentum for crypto builds around the world, Coinbase (NASDAQ:COIN) is executing on Phase II of their “Go Broad, Go Deep” strategy for international expansion. Coinbase says that it sees the following: 1) enactment of clear rules; 2) innovation of more efficient, more accessible products… Read More

September 7, 2023 @ 10:18 pm By Omar Faridi  |  

Commonwealth Bank of Australia (CBA) announced its venture-scaling arm, x15ventures, has entered an agreement “to acquire cloud-based invoice lending platform Waddle, accelerating the bank’s ambition to provide leading working capital solutions for Australian businesses.” CBA has an existing partnership with Waddle “through its Stream Working… Read More