Australia

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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Australian Fintech Investment Sees a Staggering 252% Jump in 2019

Investment in Australia’s fintech sector smashed previous records in 2019, jumping to US$1.913bn spurred by the acquisition of Property Exchange (PEXA) and the US$280 investment in neobank Judo, according to the Pulse of Fintech H2’2019, a bi-annual report on global

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A Look at Australia’s New 5-Year National Blockchain Roadmap

On February 7, the Australian government released its national blockchain roadmap in which it said it was exploring the potential benefits of blockchain to create new economic growth and improve productivity. The Australia National Blockchain Roadmap sets out a strategy

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Australian Cryptocurrency Exchange Launches in Singapore

Australian based cryptocurrency exchange Independent Reserve announced the expansion of its services to Singapore and Asia Pacific. Citing positive moves by Singaporean regulators like the introduction of the Payments Services Act, its CEO and founder Adrian Przelozny felt that it

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