Australia

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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The State of Open Banking in Australia in 2021

The introduction of the Consumer Data Right (CRM) on July 1, 2020 saw the launch of the first phase of open banking in Australia, marking the debut of a new era in the domestic banking sector. Now more than six

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Australia Begins Blockchain Trial With Singapore for Cross Border Trade

The Australian Border Force (ABF) begins a blockchain trial for cross border trade with Singapore’s Infocomm Media Development Authority (IMDA). This partnership is in line with the bilateral Australia-Singapore Digital Economy Agreement. A trial was launched on 23 November with

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Competition Heats up in Australia’s Neobanks, Digital Banks Market

Since 2019, a wave of digital banks have arrived in Australia on a back of favorable legislation changes which took place in 2018. Today, Australia is home to five independent, licensed neobanks, in addition to a plethora of digital banking

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Credit Suisse-Backed Tradeplus24 Partners in Australia for SME Loan Offering

Credit Suisse-backed and SME focused fintech Tradeplus24, has joined the Australian Finance Group’s panel of finance providers to offer its loan product. AFG is an Australian mortgage broking group, with 2,975 finance brokers that work with close to 7,500 Australians

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Lack of Access to Capital Hindering Australia’s Potential to Be a Leader in Regtech

Limited access to funding and long sales cycles are hampering Australia’s regtech industry, preventing the sector from realizing its full potential, according to industry trade group the Regtech Association (RTA). The RTA, which conducted qualitative research of 33 regtech companies

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Former DBS CIO Neal Cross’ Aussie Wealthtech Closes AUD$12m Funding Round

Picture Wealth, an Australian-based wealthtech, announced the close of its AUD$12m late-seed funding round, comprising of private equity and debt, and has recently acquired financial services licensee, NEO Financial Solutions (“NFS”) for an undisclosed sum. NFS became a wholly-owned subsidiary

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5 Fastest Growing Fintechs in Australia According to IDC

IDC Financial Insights today released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing FinTechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets. IDC’s FinTech Fast 101 research refers to fast-growing fintech players

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9 Hottest Aussie Fintech Startups for 2020

In 2019, Australia’s fintech industry continued to grow and mature. By the end of the year, the country was home to 629 active fintechs, which is a 8% increase since September 2018, according to the KPMG Australian Fintech Landscape 2019.

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News Sentiment Analytics Platform RavenPack Expands Into Asia Pacific

After seeing an increase in demand from customers in the Asia Pacific region, RavenPack, a market leader in NLP and big data analytics, has decided to set up a dedicated office in Sydney, Australia Heading up the expansion will be

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