Australia

Independent Reserve Secures Full Digital Payment Token License From MAS

Australian cryptocurrency exchange Independent Reserve has received a Major Payment Institution License in Singapore from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA) to operate as a regulated provider for Digital Payment Token (DPT) Services. It

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Aussie Insurtech Firm Cover Genius Closes US$50 Million Series C Led by Sompo

Cover Genius, an Australian insurtech firm and embedded insurance specialist, announced that it has secured a strategic investment of US$50 million during a Series C funding round led by Sompo Holdings Asia. The round comprised primary and secondary capital, and

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Australian Fintech Startups Seek Singapore Investors to Help Fund SE Asian Expansion

With more and more Australian fintech companies interested in expanding into Asia, nine Aussie fintech startups will be showcasing their solutions during the Singapore Fintech Festival (SFF)’s Deal Fridays. Deal Fridays, jointly organised by the Monetary Authority of Singapore (MAS)

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Binance Appoints New Australian CEO, Reiterates Regulatory Focus Moving Forward

Crypto exchange platform Binance Australia has announced the appointment of Leigh Travers as its Australian Chief Executive Officer. Travers was formerly the CEO and Director of DigitalX, a digital asset funds management firm listed on the Australian Securities Exchange, where

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Independent Reserve Gets MAS’ First in-Principle Approval for Digital Payment Tokens

Australian cryptocurrency exchange Independent Reserve has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a regulated provider for digital payment token (DPT) services. According to a statement from the Independent Reserve, the firm said that

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Fast-Growing Aussie Insurtechs Choose Singapore as Gateway to Southeast Asia

Singapore’s burgeoning fintech landscape, reliable physical infrastructure and progressive regulations are attracting Australia’s fast-growing high-potential, insurtech startups looking to take on Southeast Asia. Citing the city-state’s strategic location, high digital adoption, vibrant ecosystem of industry stakeholders eager to embrace cutting-edge

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How Will PayPal and Citi Fare in Australia’s Crowded BNPL Space?

Competition is heating up in Australia’s buy now, pay later (BNPL) market as US digital payments giant PayPal and incumbent bank Citi are entering the \vercrowded space. Just last week, PayPal launched its BNPL service to retailers in Australia, a

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GoBear Finds Buyer in Australian Based Financial Marketplace Finder

Finder, a fintech firm company founded in Australia in 2006, has acquired the GoBear brand as it accelerates its global expansion. Live in over countries and servicing more than 10 million consumers globally every month, Finder is a fast growing

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Australia Saw Over 100 New Fintechs in 2020 as The Sector Matures

Australia is home to 733 active fintech companies, up from 629 in September 2019, reveals KPMG’s Fintech Landscape 2020 map. This represents an increase of 104 companies that joined the sector between September 2019 and December 2020. The infographic, released

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Stripe Partners Australia’s Afterpay to Offer BNPL Services

Buy Now, Pay Later (BNPL) platform Afterpay will be offering its payment services to Stripe merchants through a seamless integration. The partnership enables both new and existing Stripe merchants to offer Afterpay services which allows their shoppers to pay in

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