Australia

ShopBack Extends Series F With US$30 Million From Westpac

Shopping and rewards platform ShopBack has extended its Series F fundraise yet again with an investment of US$30 million (AU$44 million) from Australian multinational banking and financial services company Westpac. Shopback begun its Series F raise in June with US$80

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Australia vs New Zealand Payment Tech & What’s New in 2023

Australia and New Zealand. Two nations so alike, but in other ways so different; an antipodean version of the US and Canada, or England and Ireland. Finance forms one of those key differences, but the differences seen now are likely

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The Australian Pavillion Returns to Singapore Fintech Festival — Here’s What to Expect

The Australia Pavilion returns for the first in-person SFF since 2019 and Australian Trade and Investment Commission (Austrade) is gearing up an extensive programme for visitors to look forward to at the upcoming Singapore Fintech Festival (SFF). Joining Austrade as co-exhibitors

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Australia to Explore Potential for Retail and Wholesale CBDCs

The Reserve Bank of Australia (RBA) is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) to explore use cases for a central bank digital currency (CBDC). The (DFCRC) is a 10-year, A$180 million research programme funded by industry partners,

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Australian Central Bank Begins CDBC Pilot to Explore Its Use Cases

The Reserve Bank of Australia is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project to explore use cases for a central bank digital currency (CBDC). The DFCRC is a 10-year, AUD$180 million research program funded

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Syfe Officially Launches in Australia, Offers Digital Brokerage Services

Singaporean robo advisor Syfe announced that it has officially launched in Australia, its third market after Hong Kong in the last quarter. Syfe will first roll out its digital brokerage offering and has built a unique offering for investing into

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Why and How to Use VPN for Banking

Thanks to powerful internet technologies, we live in an age where monetary transactions can be executed within seconds. Banks now offer online banking services that make the customer experience easier. You no longer have to wait in long lines to

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Australia’s First Islamic Bank Secures License, Beta Testing Begins in 2023

Australia’s first-ever Islamic bank has just been licensed and will begin beta testing with a small number of customers in 2023. The Islamic Bank Australia will be the first Australian bank to offer a full suite of retail and business

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Volt Becomes Second Australian Neobank to Shutdown as Funding Dries Up

Australian neobank Volt announced that it will be shutting down its deposit-taking business, return all deposits to its customers and turn in its banking license. The neobank has advised its account holders to transfer any balances in their Volt accounts

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Currencycloud Secures AFS License to Offer Its Full Suite of Services in Australia

Currencycloud, a provider of B2B embedded cross-border solutions, announced that it was granted an Australian Financial Services (AFS) license by the Australian Securities and Investments Commission (ASIC). The granting of the AFS license follows the appointment of Nick Briscoe as

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