Mobile banking and financial services app Moneytree has closed a Series C funding round with an issuance of new shares through third-party allotment including funds of Fidelity International, to bring total funding to $45 million since the company’s founding in 2012.
Australian fintechs Assembly Payments and CurrencyVue have been selected to take part in the SWIFT gpi industry challenge in Singapore to work with banks to develop new services for financial institutions.
Leading global financial institution JP Morgan has revealed it is investing $30 million in new technology to better meet the needs of Australian super funds and institutional investment firms - including rolling out iPad and iPhone apps that deliver in-depth financial analysis to senior executives. It has also announced that one Australian, and three New Zealand institutions have signed up for its recently released collateral management system developed to help reduce risk associated with complex investment portfolios.
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