Tagged: australia

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

April 14, 2025 @ 9:06 pm By Omar Faridi  |  

The CommBank Household Spending Insights (HSI) Index rose 0.9 per cent in March, buoyed by a lift in recreation and hospitality spending off the back of Melbourne Grand Prix and the return of the winter football codes. Modest gains were seen across all 12 spending… Read More

April 10, 2025 @ 1:25 pm By Omar Faridi  |  

Xero, the small business platform, has launched Tap To Pay on iPhone, enabling Xero customers in Australia with a Stripe account to accept in-person contactless payments with their iPhone and the Xero Accounting app — “no additional hardware or payment terminal needed.” Tap to Pay… Read More

April 10, 2025 @ 10:59 am By Omar Faridi  |  

Airwallex, a payments and financial platform, reported FY2024 performance in Singapore. According to a release from global Fintech Airwallex, FY2024 revenue in Singapore more than doubled, growing 153% YoY, fueled “by strong transaction volumes and a standout Q4.” Lucy Liu, President and Co-founder, Airwallex said:… Read More

March 29, 2025 @ 11:05 am By Omar Faridi  |  

CommBank is reportedly establishing a Tech Hub in Seattle, Washington (US), to advance the bank’s technology leadership and delivery of improved customer experiences by equipping teams with the skills needed to stay ahead. CommBank Chief Executive Officer, Matt Comyn said, “As the rate of global… Read More

March 25, 2025 @ 9:14 pm By Omar Faridi  |  

Australia’s household spending trends in early 2025 reveal an increasingly cautious consumer landscape, shaped by growing economic pressures and shifting priorities, while a parallel rise in scams targeting vulnerable groups underscores a concerning challenge. Insights from Commonwealth Bank (CommBank), Westpac, and ANZ highlight these key… Read More

March 17, 2025 @ 10:07 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the financial technology platform for global companies, announced its partnership with Reece, Australia and New Zealand’s plumbing and bathroom supplies business. The payment partnership sees Adyen process payments across Reece’s online and offline stores, “creating seamless customer experiences, ensuring safer transactions, and… Read More

March 14, 2025 @ 11:34 am By JD Alois  |  

Kirstin Hunter has been appointed as Birchal’s new CEO. Birchal is Australia’s largest securities crowdfunding platform – or crowd-sourced funding as it is labeled in the country. In January, it was revealed that Birchal’s co-founder and CEO, Matt Vitale, was stepping down from the position… Read More

March 12, 2025 @ 9:30 pm By Omar Faridi  |  

OKX has released their ‘Responsibility Report,’ providing insight into how their platform aims to: safeguard customer assets, help prevent fraud, operate within the Australian regulatory environment and promotes platform stability. As noted in the update from digital assets firm OKX, the ‘Responsibility Report’ outlines four… Read More

February 26, 2025 @ 4:52 pm By Omar Faridi  |  

Australia’s digital banking platform, Ubank, has reportedly rebuilt its mortgage broker platform to streamline the digital home loan lodgement process and deliver a compelling online experience for brokers and their customers. More than technology, Ubank explained that the new broker platform is the cornerstone of… Read More

February 21, 2025 @ 5:07 pm By Omar Faridi  |  

Nium, the global infrastructure for real-time cross-border payments, announced the expansion of its real-time payout capabilities into Australia. The move furthers Nium’s mission to offer the global real-time payments network, enabling business to “send payments across borders faster and more affordably.” With this expansion, businesses… Read More

February 11, 2025 @ 11:11 am By Omar Faridi  |  

Australian financial services firm AMP has collaborated with Engine by Starling to develop a new digital bank designed specifically for small business owners and everyday customers. The mobile-first bank aims to cater to Australia‘s millions of small business owners, including micro businesses, solopreneurs, and side… Read More

February 3, 2025 @ 9:13 pm By Omar Faridi  |  

Customers engaging in e-commerce activities via Amazon.com.au can now use ‘PayTo’ to make a purchase directly from their bank account in a secure way, removing the need to provide sensitive payment card details. The PayTo payment option gives Amazon.com.au customers visibility and control over their… Read More

February 2, 2025 @ 6:26 pm By Omar Faridi  |  

ASIC has recently written to superannuation trustees urging them to strengthen anti-scam practices, or risk ex”posing members to harm.” The open letter, which is reportedly signed by ASIC Commissioner Simone Constant, outlines their guidance for superannuation trustees in “preventing, detecting and responding to scams and… Read More