Tagged: australia

July 10, 2025 @ 7:49 pm By Michael Wong  |  

Australian financial authorities have moved forward with Project Acacia, unveiling the private-sector participants and next steps in an initiative aimed at exploring the use of digital money and tokenised assets in wholesale financial markets. The project, jointly led by the Reserve Bank of Australia (RBA)… Read More

July 1, 2025 @ 6:21 pm By Omar Faridi  |  

Business activity is accelerating in Western Sydney a year from the Western Sydney International Airport and Aerotropolis opening, according to new Westpac data. The data has revealed Western Sydney is “outpacing Sydney’s coastal suburbs for business lending growth, with a 15 per cent increase over… Read More

June 28, 2025 @ 7:13 pm By Omar Faridi  |  

Commonwealth Bank of Australia (CommBank) unveiled a new weapon in the fight against scams: a fleet of thousands of AI-powered bot profiles, deployed by Apate.ai – a cyber-intelligence firm and spin-out from Macquarie University. These AI-bots are engineered to engage scammers, gather critical intelligence and… Read More

June 25, 2025 @ 10:20 pm By Omar Faridi  |  

In a step toward a sustainable Australia, the Commonwealth Bank of Australia (CBA) has unveiled two major initiatives aimed at empowering individuals and businesses to embrace energy efficiency and environmental responsibility. Launched recently, the Home Energy Upgrades service and Australia’s first Sustainable Finance Taxonomy underscore… Read More

June 25, 2025 @ 4:43 pm By JD Alois  |  

Open banking enabler Frollo is targeting the home buyer market with a new service for mortgage brokers. The service features an expedited way to verify financial data while adhering to the Open Banking and the Government-regulated Consumer Data Right (CDR) framework, enacted in Australia. Frollo… Read More

June 21, 2025 @ 4:50 pm By Omar Faridi  |  

Young customers aged 18-25 are using the CommBank app’s free money management tools 65 per cent more than any other generation, with those in this age group who use them also two thirds more likely to boost how often they save. On average, the young… Read More

June 19, 2025 @ 7:48 pm By Omar Faridi  |  

In the lead up to the Men’s State of Origin Game 2, it’s not just the Blues moving in on Queensland – New South Wales investors are already ahead on the scoreboard “when it comes to property in the Sunshine State.” New lending data from… Read More

June 6, 2025 @ 5:30 pm By Omar Faridi  |  

In a bid to accelerate the integration of Artificial Intelligence (AI) across the bank, CommBank has completed migrating its data platform to Amazon Web Services (AWS), its cloud provider. The scalable data platform will integrate with other channels across the bank to help “drive faster,… Read More

June 5, 2025 @ 7:38 pm By Omar Faridi  |  

In the face of persistent macroeconomic pressures, Australia and New Zealand’s private capital markets have demonstrated resilience, with venture capital (VC) and private equity (PE) sectors navigating a complex landscape of normalizing valuations and shifting investment dynamics. According to the 2025 Australia & New Zealand… Read More

June 5, 2025 @ 8:30 am By Omar Faridi  |  

Bolt, the global shared mobility platform, today announced a strategic partnership with global payments and financial platform, Airwallex, to build a new payments system for its drivers. The new product will initially focus on digital wallets, before “scaling out additional financial services in the future.”… Read More

June 3, 2025 @ 6:59 pm By Omar Faridi  |  

La Trobe Financial has launched its La Trobe Private Credit Fund. The Fund comprises a diversified private credit strategy, “targeting monthly distributions with a benchmark of RBA Official Cash Rate (OCR) + 3.25% p.a. (net of fees, costs and taxes incurred by the Fund and… Read More

June 2, 2025 @ 10:53 pm By Omar Faridi  |  

Xero, the global small business platform, has released new research¹ revealing many Australians are heading into this end of financial year (EOFY) period concerned and confused about key tax rules. The Xero Tax Confidence Index survey of more than 1,000 Australians found that “more than… Read More

June 2, 2025 @ 2:35 am By Omar Faridi  |  

New research from digital-bank, Ubank, has revealed that rising rents have reshaped the housing landscape, narrowing the gap between renting and owning to create “a window of opportunity for young Australians to step onto the property ladder in 2025.” The research conducted by Cotality found… Read More

June 1, 2025 @ 5:51 pm By Omar Faridi  |  

Major transformation programs and further consolidation in Australia is likely within the nation’s superannuation sector, as funds tackle “significant changes to member demographics, stakeholder expectations, competition and regulatory scrutiny.” According to KPMG Australia’s latest Super Insights report, which looks at recent data from APRA FY24… Read More

May 31, 2025 @ 3:18 pm By Omar Faridi  |  

Westpac has built new AI technology which will revolutionise its customer support capabilities, including improving the bank’s ability to detect if a customer is being scammed. A first of its kind in Australia, the real-time call assistant technology is being integrated “within the bank’s frontline… Read More

May 20, 2025 @ 11:13 pm By Omar Faridi  |  

The Canadian Securities Exchange announced that it has entered into an agreement with NSX Limited (ASX:NSX), parent company of the National Stock Exchange of Australia, to acquire, pursuant to “a Scheme of Arrangement, NSX for all-cash consideration of AUD$0.035 per fully paid ordinary share.” The… Read More

May 13, 2025 @ 1:59 pm By Omar Faridi  |  

SOL Strategies Inc., a Canadian company dedicated to building critical infrastructure for the Solana blockchain ecosystem, announced a staking partnership with DigitalX Limited (ASX: DCC), a blockchain tech company and digital asset fund manager. Under the partnership, DigitalX will stake its Solana (SOL) holdings through… Read More

April 29, 2025 @ 11:12 pm By Omar Faridi  |  

A research study on trust in Artificial Intelligence (AI) released has found half (50%) of Australians use AI regularly, but only “36% are willing to trust it, with 78% concerned about negative outcomes.” The Trust, attitudes and use of Artificial Intelligence: A global study 2025… Read More

April 26, 2025 @ 6:33 pm By Michael Wong  |  

Syfe, an Asia Pacific savings and investment platform, said it would acquire Australian digital broker Selfwealth in an all-cash A$65 million transaction after shareholders approved the deal. Under the terms, Syfe will pay A$65 million in cash for all Selfwealth shares, subject to court approvals… Read More

April 18, 2025 @ 6:33 pm By Omar Faridi  |  

Remitly has reportedly integrated PayTo in order to strengthen real-time transfers from Australia. Remitly explains that it works with Australian payments provider Monoova to bring customers a “faster, easier way” to send money using PayTo, which is Australia’s real-time payments system. This latest collaboration means… Read More