Australia
Michele Bullock to Succeed Philip Lowe as RBA Governor
The Reserve Bank of Australia’s (RBA) Deputy Governor Michele Bullock has appointed as the new Governor for a seven-year term commencing 18 September 2023. She will be the first woman to lead the RBA. The role of the Reserve Bank’s
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Australia’s Alex Bank Taps Temenos to Roll Out Its Term Deposits Offering
Australia’s digital bank Alex has gone live with its fixed term deposits offering on banking software company Temenos‘ cloud platform. Temenos said that it had partnered with Alex Bank to design, test, and implement the new offering over less than
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SFA and Austrade Ink MOU, Unveil Project Lorikeet to Boost Fintech Exchange
The Singapore FinTech Association (SFA) and the Australian Trade and Investment Commission (Austrade) have entered into a memorandum of understanding (MOU) to enhance fintech trade and investment flows and foster business-to-business engagement between Singapore and Australia. This agreement marks the
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Cover Genius Acquires Embedded Warranty Provider Clyde
Cover Genius, an Australian insurtech for embedded protection, announced that it has acquired US-based embedded warranty provider, Clyde Technologies. Details of the transaction was not disclosed. The insurtech said that the assets acquired will assist its continued expansion into the
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Payments Firm Nuvei Launches in Australia to Strengthen Global Footprint
Canadian payments company Nuvei has launched its services in Australia as it continues growing its APAC presence following its expansion to Singapore and Hong Kong last year. Australian businesses will have access to Nuvei’s full suite of payments solutions including
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Australian Central Bank Set to Launch CBDC Live Pilot in a Few Months
The Reserve Bank of Australia (RBA) will be launching its live central bank digital currency (CBDC) pilot in the next few months. The central bank has been collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project
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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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