Tagged: australia

March 28, 2023 @ 8:28 pm By Omar Faridi  |  

The Commonwealth Bank (CBA) and Telstra announced a new pilot to help protect their customers from phone scams. Scam Indicator, currently in proof-of-concept stage and to be piloted over the next few months, will help “protect joint CBA and Telstra customers from phone scams where… Read More

March 27, 2023 @ 6:45 pm By JD Alois  |  

Birchal, long the leading online capital formation platform in Australia, reports that during its fiscal Q3 2023 quarter it dominated the “crowd-sourced funding” market in the country. Birchal says that it captured 100% market share during the quarter to date, making it the only Australian… Read More

March 26, 2023 @ 1:34 pm By Omar Faridi  |  

Checkout.com, the global payments solutions provider, and Mastercard announced that they will make Mastercard Send available to more Checkout.com customers in the Asia Pacific region, starting in Australia and Hong Kong SAR later this year. The Send service – which “powers real-time payments1 for consumers, gig… Read More

March 21, 2023 @ 2:18 pm By Omar Faridi  |  

Clausematch, a technology company developing solutions for regulatory compliance, is pleased to announce today it has gone live with LMG, Australasia’s “biggest” loan aggregator. Over the last 2-3 years, the industry “has experienced substantial regulatory change.” The complexity in “managing regulations, policies, controls and internal… Read More

March 19, 2023 @ 2:48 pm By Omar Faridi  |  

FloQast, a provider of accounting workflow automation software created by accountants for accountants, announced its expansion into Australia and New Zealand, with plans to establish and scale a local headquarters in Sydney. With global interest increasing as FloQast establishes itself “as an emerging international leader… Read More

March 18, 2023 @ 2:57 pm By Omar Faridi  |  

National Australia Bank (NAB) has completed an intra-bank cross-border transaction using NAB-issued stablecoin, which represents a “world-first” by a major financial institution on a layer-one public blockchain. This pilot transaction on the public and permissionless Ethereum blockchain “involved deployment of stablecoin smart contracts for seven… Read More

March 15, 2023 @ 7:11 pm By Omar Faridi  |  

Wirex, a crypto payments platform, has partnered with card issuer, Novatti, to directly issue cards to Australians. The announcement has the potential “to allow over 20 million people to utilize their innovative multicurrency card every day.” Wirex claims that it “developed the world’s first crypto-enabled… Read More

March 14, 2023 @ 10:58 pm By Omar Faridi  |  

Qwikcilver Solutions in Australia, a wholly-owned subsidiary of Pine Labs Limited, and a pioneer in SaaS based end-to-end gift card processing platform has partnered with Woolworths Group’s payments entity Wpay, “to extend their gift card processing solutions & services in the Australia & New Zealand… Read More

March 13, 2023 @ 7:39 pm By Omar Faridi  |  

Cuscal Limited, which claims to be one of Australia’s largest independent providers of payments, banking, and regulated data and Basiq Pty Ltd, a Consumer Data Right (CDR) platform that provides data services to banks, Fintechs, and start-ups, have entered into a binding agreement under which… Read More

March 10, 2023 @ 8:28 am By Omar Faridi  |  

Molo Finance is pleased to announce Australian mortgage lender ColCap has acquired an 80% shareholding in Molo. This follows “on from the strategic partnership with Molo and ColCap entered into last year.” The investment will “allow Molo to benefit from ColCap’s depth of funding and… Read More

February 24, 2023 @ 12:22 pm By Omar Faridi  |  

NatWest and NAB have published a jointly authored white paper “exploring the common threads that bind both Australia’s Consumer Data Right (CDR) and the UK’s Open Banking regime.” The agenda-setting whitepaper “highlights the similarities in the policies that underpin both regimes: to increase competition, innovation… Read More

February 19, 2023 @ 7:59 pm By JD Alois  |  

OCR Labs, an identity verification platform founded in Australia, has become a Gold Partner in FinTech Australia’s corporate partnership program, according to an email from FinTech Australia. OCR will join more than 37 members already involved in the program, including Google, Oracle, Mastercard, American Express,… Read More

February 17, 2023 @ 5:19 pm By Omar Faridi  |  

Westpac will soon offer credit card customers the ability “to pay for purchases in four instalments, providing greater control and flexibility.” In the coming months, Westpac credit card customers will be able “to link their existing credit card to a new PartPay digital card, enabling… Read More

February 16, 2023 @ 5:07 am By Omar Faridi  |  

epay Australia Pty Ltd, a wholly-owned business segment of Euronet Worldwide, Inc. (NASDAQ: EEFT), announced that Alipay+ will be “activated in some 8,000 epay retailers including Australian luxury department store David Jones.” epay Australia’s retailers will “have access to the Alipay+ e-wallet partners including AlipayHK… Read More

February 6, 2023 @ 10:54 pm By Omar Faridi  |  

Digital lender MONEYME (ASX:MME) has just released a trading update announcing it has returned to statutory profits “ahead of target, making it potentially the first fintech in Australia to return to profitability following recent challenging market conditions.” MONEYME has “delivered >$8m NPAT and record revenue… Read More

February 3, 2023 @ 6:22 pm By Omar Faridi  |  

Commonwealth Bank is rolling out new features for its widely used banking apps “aimed at combating the plague of scammers ripping off Australians.” From late March, the app will “indicate whether the name and account details customers have entered are correct when they make payments… Read More

January 30, 2023 @ 10:43 am By JD Alois  |  

Investment crowdfunding, or crowd-sourced funding (CSF) as it is called down under, generated $72 million in online capital formation, according to an industry report. The information is compiled by Birchal, the largest online investment platform in Australia. Birchals has been providing this report for several… Read More

January 29, 2023 @ 4:17 pm By Omar Faridi  |  

OneSpan Inc. (NASDAQ: OSPN), the digital agreements security company, announced that it has agreed to acquire ProvenDB, an Australia-based startup that delivers secure storage and vaulting for documents based on blockchain technology, “to provide an industry-leading trust model for high assurance contracts and documents.” ProvenDB… Read More

January 17, 2023 @ 10:47 pm By Omar Faridi  |  

Finsure, Australia’s mortgage broker aggregator, has partnered with Frollo and NextGen to use Open Banking data as part of the loan application process. Finsure has reportedly “become the first Australian mortgage aggregator to turn on Open Banking access for its brokers.” In a partnership with… Read More

January 16, 2023 @ 11:24 am By JD Alois  |  

The founders of Envato and Up have joined to back Bloom Impact Investing, a “climate-focused Fintech.” According to an email, Euphemia, the family office of Up co-founder Dominic Pym, together with Envato founders Collis and Cyan Ta’eed have led a seed round of $525,000, At… Read More