Aussie challenger Hay launched by UK’s Shawbrook Bank ex-employees
The challenger is headquartered in New South Wales with offices in London and Belfast.
Australasia
Report: The digital drive to replace the passport in financial services
FinTech Futures publishes its latest industry report, on digital identity and fraud.
Standard Chartered sets up Singapore-based venture with Assembly Payments
The new payments venture is designed to help ecommerce merchants.
Funda Finance Partners in lendtech revamp with nCino
US-based nCino has gained further presence in Australia via a new deal with Funda Finance Partners, an SME lender. New South Wales-based Funda will implement the vendor’s flagship cloud-based solution, nCino Bank Operating System, “to streamline its lending processes and enhance its customer experience”, nCino says. “Funda chose nCino after searching for a technology solution […]
US neobank North Loop partners with Aussie edtech Cohort Go
The neobank can extend its list of international payee countries to one 33 times the size.
Aussie neobank Xinja hits $100m in deposits after 19 days
The challenger expected to do $120 million in deposits in a year.
GoSave to launch digital piggy banks in UK before Christmas
Co-founder tells FinTech Futures: “We’re fighting the inertia of kids not saving.”
Australia’s Commonwealth Bank to back 25 start-ups
Home-In and Vonto are the first two Aussie start-ups to join the incubator.
BIS fintech report: More harmonised standards and less TPP reliance
BIS has published a cross-country review on the fintech regulatory landscape.
Klarna lands $200m from CBA for Australia launch
CBA will own half of Klarna’s Australian and New Zealand business.
Bank-backed blockchain trade platform Contour launches in Singapore
Contour is built on R3’s Corda platform.
The rise of investment apps
There’s an appetite to save and invest despite low interest rates across Europe, Australia and the US.
Greensill pledges to help SME suppliers after ombudsman probes
The lender says it needs to “think about the way that [its] capital is being delivered”.
Video: Top fintech stories this week – 24 January 2020
FinTech Future’s weekly news round-up.
Aussie neobanks challenge country’s big four banks
ANZ, Westpac, NAB and Commonwealth Bank have lost a collective half a billion dollars.
Digital broker Stake releases UK beta app ahead of February launch
The app plans to expand across Europe “in the coming months”.
Volt closes $70m ahead of IPO plans
Volt plans for $50 million Series D round with British and Middle Eastern investors.
Australian fintech Wisr raises $33.5m for P2P lending marketplace
New and existing “high quality” institutional investors took part.
Macquarie to buy $2.1bn Australian data centre firm AirTrunk
AirTrunk operates data centres in Sydney, Melbourne and Singapore.
Atom bank’s former co-founder joins Queensland’s Daytek capital
Paul Hanks has joined DayTek Capital as a technology advisor.
Our top women in fintech and banking 2019 short list
A short-list of rising stars and household names in banking and fintech.
Australia delay open banking regulation by six months over cybersecurity concerns
Banks are “extremely concerned about cybersecurity”, says ACCC.
2019’s top core banking deals
The core deals which made waves this year, summarised just for you.
ANZ overcharges 3.4 million customers, only 30% paid back
One million customers have been reimbursed so far with an average of $60 each.
Findexable report: London bests other European fintech hubs despite Brexit
San Francisco secured the top spot – up from eleventh place last year.
Start-up Saga launches stabilised SGA token with major bank and exchange advisors
JP Morgan Chase’s chairman and former deputy attorney-general of Israel are on the board.
The 20th Banking Technology Awards winners have been announced
It was a brilliant celebration of excellence and innovation in the banking industry.
Reserve Bank anticipates cardless retail landscape in Australia
Merchant fees on card payments in Australia came to AUS $4.3 billion last year.
Westpac hires familiar tech partner IBM to probe its AML bust up
Westpac has been using IBM’s infrastructure since the 1990s.
Where has trust gone – can banks even recover their standing in the community?
Traditional banks might find themselves facing a future where the front doors are locked for them!
Heritage Bank signs Diebold Nixdorf on five-year ATM services contract
Diebold Nixdorf will take charge of a fleet-wide upgrade to Windows 10.
Microgen Financial Services and Touchstone Wealth Management merge
The firms hope to create a leader in the trust and corporate services sector.
Westpac AML failure allowed 23m illegal transactions, say regulators
The bank failed to stop 23m potentially illegal transactions
Australia’s paytech Tyro plans to float on country’s stock exchange and raise $173.2m
Tyro is also reportedly pursuing a $1 billion valuation.
PFS sells up to Australia’s EML Payments for $290 million
EML aims to become “one of the largest fintech enablers in open banking”.
Ecommerce insurtech Cover Genius raises $10m in Series B round
The round will fuel further growth into the UK, the US and Asia.
Australian challenger Infinity set for 2020 launch
Queensland-based firm aims to disrupt rival neobanks.
Clearpay helps Marks & Spencer tap millennial generation
The paytech charges the merchant rather than the consumer.
Data start-up Meeco secures $6.2m in seed funding
Funding will support acquisition of Aussie firm SVX Group.
American Express partners with Coupa for virtual card integration
Amex cards will be available to Coupa clients from late 2019 onwards.
