Australia
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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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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