Tagged: australia

June 10, 2020 @ 11:46 pm By Omar Faridi  |  

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

June 10, 2020 @ 1:52 pm By Samantha Hurst  |  

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

June 9, 2020 @ 10:27 pm By JD Alois  |  

Prospa (ASX: PGL), an online lender serving Australian and New Zealand SMEs, has reported March quarter performance with $122.8 million of total loan originations, up 21.5% on the prior corresponding period, and $37.4 million of revenue – a 13% increase versus the same period the… Read More

June 9, 2020 @ 9:06 am By JD Alois  |  

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

June 9, 2020 @ 7:14 am By Omar Faridi  |  

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

June 8, 2020 @ 7:00 pm By Omar Faridi  |  

  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

June 1, 2020 @ 11:29 pm By Omar Faridi  |  

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

May 30, 2020 @ 7:00 pm By Omar Faridi  |  

  Jon Deane, CEO at InfiniGold,  a company focused on the digitization of physical commodities, recently explained how gold-backed stablecoins can be used to track the spot price of the gold bullion. InfiniGold leverages patented technologies and works with commodity partners to support the wider… Read More

May 29, 2020 @ 3:05 pm By Omar Faridi  |  

XRP liquidity via the Mexican and Australian corridor recently reached another all-time high. The digital asset’s European corridor liquidity has also increased significantly. San Francisco-based Fintech firm Ripple’s on-demand-liquidity (ODL) solution has experienced an considerable increase in overall usage and adoption this year. The company’s… Read More

May 28, 2020 @ 9:19 am By Samantha Hurst  |  

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

May 18, 2020 @ 10:12 pm By Omar Faridi  |  

Digital banking services are increasingly being adopted in the Asia Pacific (APAC) region. The use of all-digital banks and platforms is expected to increase further in the coming years. This, as 63% of consumers responding to a recent survey said they’d be willing to switch… Read More

May 12, 2020 @ 5:45 pm By Omar Faridi  |  

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

May 12, 2020 @ 8:34 am By Samantha Hurst  |  

Former Westpac executives, Andrew Walker and Chris Lumby, has reportedly raised $33 million for their new home loan fintech startup, Verteva. Verteva is described as an ambitious financial technology start-up building a transformative digital alternative for customers in the home lending space. The Australia-based startup… Read More

May 11, 2020 @ 6:20 pm By Omar Faridi  |  

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

May 8, 2020 @ 9:53 pm By Samantha Hurst  |  

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

May 8, 2020 @ 12:04 pm By Samantha Hurst  |  

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

May 7, 2020 @ 9:52 am By Samantha Hurst  |  

Xinja Bank, an Australia-based neobank, announced on Thursday it will move the interest rate on its Stash savings account to 1.8%, effective May 11th. Xinja reported launched Stash, a savings account linked to your Bank Account (transaction account) designed for customers to save by separating… Read More

May 6, 2020 @ 6:02 pm By JD Alois  |  

Co-Founder of the UK’s 1 st Digital Bank Atom Bank, has joined DayTek Capital in Australia as Chief Technology Officer. Paul Hanks, who was previously CTO at Atom Bank, is joining DayTek as the firm “gears up to launch ‘Infinity’, a unique, product disruptive, Australian… Read More

May 3, 2020 @ 11:29 am By Omar Faridi  |  

ISignthis (ASX:ISX), a Melbourne-based provider of remote AML/CFT KYC-enhanced due diligence identity proofing, has reportedly lost its initial legal battle with the Australian Securities Exchange (ASX) over the suspension of its company shares. The suspension was announced following an order from the federal court which… Read More

May 2, 2020 @ 4:04 pm By Omar Faridi  |  

Tencent Holdings Ltd., a Chinese multinational conglomerate holding company whose subsidiaries offer various Internet-related products and services, has acquired a 5% stake, valued at about A$390 million (appr. $250.38 million), in Melbourne-based “buy-now-pay-later” firm, Afterpay. Tencent’s management confirmed that they built up their stake during… Read More