Australia’s banking sector is transitioning to fully embrace digital financial wellness as a way of gaining and keeping customers, ensuring banks remained ingrained in the day-to-day financial decisions of consumers, according to a new data by Forrester Consulting commissioned by banking platform Backbase.
Payment solution platform EML payments and FinTech company Frollo introduce EML Nuapay product suite, which combines innovations in open banking, personal finance management, and payments to simplify transactions for users. The newest feature offers clients the choice to choose among a no-code, low code, and fully customisable API solution.
A mix of large, medium-sized and small IT businesses have generally welcomed the measures in the Federal Budget that affect their industry, though the government's meddling in encryption — as evidenced in the passage of the encryption law last December — did not exactly earn many cheers.
With new Frollo stats showing Australians are "spending three times more on ride-sharing services than on taxis", it follows that not keeping a close eye on in-app and tap-and-go payments can cost you.
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