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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.

Published in Strategy

The Australian federal budget has opened the door for new entrants into the banking sector by changing the limitation on closely-held ownership in the relevant act, removing the Prohibition on the use of "bank" by some authorised deposit-taking bodies, and changing the bank-licensing process.

Published in Government Tech Policy
Monday, 06 February 2017 11:50

Tyro says banks holding back SMBs, economy

Independent EFTPOS institution Tyro Payments claims Australian banks are holding back business and the economy because they won’t grant loans to small and medium-sized businesses unless owners put up their houses as collateral.

Published in Strategy
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