Australia

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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F10 Sets up Fintech Bootcamp to Help Australian Fintechs Break Into Asia

The Australian Trade and Investment Commission has partnered with fintech startup accelerator F10 Global to co-deliver an Asia Fintech Bootcamp. The bootcamp aims to connect Australian fintechs with Asian markets through a three-week market validation programme. F10 Singapore will run

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Singapore and Australia to Deepen Fintech Collaboration

Australia Treasury and the Monetary Authority of Singapore (MAS) jointly announced that they have signed the Australia-Singapore Fintech Bridge Agreement. The commencement of discussions to develop the Fintech Bridge was announced in June 2021, when Australian Prime Minister Scott Morrison

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Aussie NFT Platform Immutable Earns Unicorn Badge With US$200M Series C Led by Temasek

Australian NFT platform Immutable announced that it has raised US$200 million in a Series C funding round led by Temasek, earning it a unicorn badge with a US$2.5 billion valuation. Other participating investors include Tencent Holdings, Animoca Brands,Mirae Asset, ParaFi

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Singtel to Offer Zip’s BNPL Service Through Its Dash App

Singtel is set to launch Australian Buy Now, Pay Later (BNPL) player Zip’s service on its Dash app in Singapore. This new service provides an alternate payment option for Dash customers, giving them the flexibility to choose between paying for

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