Australia

NAB Ventures Takes Stake in Digital Asset Custodian Zodia Custody

Zodia Custody, a digital asset custodian backed by major banks, has secured an equity stake investment from NAB Ventures, the venture arm of National Australia Bank (NAB). The sum was not disclosed. This investment sees NAB joining Zodia Custody‘s other

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Temasek Invests A$300 Million in Aussie ETF Manager Betashares

Aussie ETF Manager Betashares Bags A$300M Investment from Temasek Australian fund manager Betashares announced a binding agreement with Singapore’s state investor Temasek for an investment of up to A$300 million. Upon completion, Temasek will hold a minority stake in the

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Buy Now, Pay Later to Be Regulated Like Other Credit Products in Australia

Australia will introduce new legislation to amend the Credit Act, requiring Buy Now, Pay Later (BNPL) providers to hold an Australian credit license and comply with existing credit laws regulated by the Australian Securities and Investments Commission (ASIC). Currently, most

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Australia’s Embedded Insurance Growth Projected to Outpace Traditional Channels

Embedded insurance in Australia is poised for strong growth, driven by various factors related to customer preferences, technological advancements, and industry collaborations. Embedded insurance refers to the integration of insurance products into non-insurance platforms or experiences, such as e-commerce, travel

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Airwallex Rolls Out Startup Support Programme in Australia

Global payments firm Airwallex has launched “Airwallex for Startups,” a new initiative aimed at supporting the growth of Australian startups. The programme offers a variety of resources, including practical financial management tools, networking opportunities, and content designed to help new

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Indonesia and Australia Partner to Improve Crypto Tax Compliance

The Indonesian Directorate General of Taxes (DGT) and the Australian Taxation Office (ATO) have entered into a Memorandum of Understanding for cryptocurrency information sharing. This agreement aims to bolster the detection and management of crypto assets potentially subject to taxation

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Australia and Thailand Forge Fintech Partnership at Money20/20 Asia

Fintech Australia and the Thai Fintech Association have formalised their partnership through a memorandum of understanding (MOU) to boost the fintech capabilities of both nations. The MOU signing ceremony took place in at the Money20/20 Asia event in Bangkok and

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Sydney Fintech Constantinople Secures $50M Series A Funding

Sydney-based fintech Constantinople has raised US$50 million in a Series A funding round led by Prosus Ventures, the venture capital division of Prosus. The firm had previously secured US$32 million in a seed round in 2023. The funding round also

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Australian Payments Plus Join Forces With Swift to Combat Fraud

Swift has been selected by Australian Payments Plus (AP+) to develop a new service aimed at enhancing the safety and security of money transfers in Australia. This service, known as confirmation of payee, is designed to minimise the risk of

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Tiger Brokers Partners With Aussie Fintech Grafa For AI-Driven Data, News Analysis

Tiger Brokers has announced a partnership with Australian media fintech Grafa to roll out AI-driven data, news and analysis into its brokerage app. Under the arrangement, Tiger Brokers will incorporate Grafa’s AI-powered newsfeed into its brokerage app, Tiger Trade, which

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