Banking group HSBC has launched a digital accounts receivable tool for its corporate clients in India, using Australian FinTech Identitii’s tokenisation technology.
National Australia Bank, Bank Leumi of Israel and US financial services group CIBC have launched a global online portal aimed at driving client-focused innovation by facilitating collaboration between the banks and financial technology firms.
One of Asia’s larger fintech innovation hubs, Stone & Chalk, has partnered with Ireland’s national trade and innovation agency, Enterprise Ireland , to develop a a so-called landing pad in both Sydney and Melbourne for Irish fintech companies seeking to enter Australian and Asia Pacific markets.
A majority of Australians now use digital payments, according to a new report revealing that awareness of digital payments is now an almost universal 93.9%, with 72.4% using at least one digital payment method over an average 12-month period.
Amazon was the most purchased stock by Australians on the US stock market in 2018, with many Aussie investors indicating they had turned to US trading in fintech stocks due to being increasingly limited to traditional industries like mining and banking on the Australian market.
Australia's US$1.15 billion Alt-Fi (alternative finance) market, including peer-to-peer lending and crowd-funding, grew 88% in 2017, surpassing US$1 billion for the first time and consolidating its position to become the second largest market in Asia-Pacific, according to a newly published study.
Global corporate lending platform Trade Ledger says it has warned the Australian Government of substantial weaknesses in its proposed Open Banking implementation plan, when compared to the global best-practice model.
Non-bank contactless/cardless mobile payment systems are now being used by more Australians than bank-owned solutions, with fintech market entrants like Apple Pay, Android Pay and Google Wallet taking market share from incumbents, according to a newly released report.
Australia fintech hub Stone & Chalk says it has established a new east-coast "mega-hub" to give start-ups, scale-ups, corporates, and investors nationwide opportunities for collaboration and resource-sharing.
Sydney-based corporate open banking lending platform startup Trade Ledger has announced the opening of its new European operation headquartered in London, and the appointment of two key management positions, as it moves to drive expansion in Europe.
Sydney-based fintech hub Stone & Chalk has appointed former BT Financial Group executive Marie-Anne Lampotang as general manager for its Sydney business.
Brad Kitschke, the policy head who helped Uber launch in Australia, has been appointed chief executive of FinTech Australia, the association representing fintechs in the financial services sector.
FinTech Australia is on the lookout for a new chief executive to replace Danielle Szetho who has resigned.
Invoicing app provider Invoice2go has launched a tap and go payments feature with PayPal Here, which it says enables Australia’s smallest businesses to be paid in person, wherever they are.
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.
Fintech hub Stone & Chalk is extending its reach into Victoria, with founding chiec executive of Fintech Victoria, Alan Tsen, to head its new Melbourne-based operations.
Industry association FinTech Australia has released its first member ecosystem map in a move which it says will help build domestic and international understanding of the Australia’s fintech strengths and diversity, particularly in wealth generation and lending.
Melbourne headquartered fintech start-up Airwallex has raised US$13 million to drive international expansion of its cross-border payment solutions platform.
Australian digital banking fintech The System Works Group (TSWG) has integrated its digital play platform with eWise Aegis data aggregation technology.
Australian personal budgeting provider MyBudget has appointed experienced US fintech executive Jason Dell to the position of chief technology officer.
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