Australia

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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Australia Stock Exchange to Work With VMWare and Digital Assets on DLT

The Australian Securities Exchange (ASX) has signed a three-party memorandum of understanding (MOU) with Digital Asset and VMware to work together on distributed ledger technology (DLT) initiatives in Australia and New Zealand. Under the principles in the agreement, ASX plans

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Experian Invests in Yet Another Data Startup in Asia Pacific, Look Who’s Charging

Experian today announced its acquisition of Look Who’s Charging, the Australian fintech startup which has solved the everyday frustrating problem of unrecognised bank transactions by providing instant clarification on the merchant behind a transaction. Look Who’s Charging is integrated with

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