Westpac partners with 10x Future Technologies to build new platform
Australian bank hints at moving to 10x technology for its core.
Australasia
Banking Technology November 2019 issue out now
The identity challenge.
Video: Top fintech stories this week – 18 October 2019
FinTech Future’s weekly news round-up.
Nine UK fintechs land in Australia under the countries’ bridge programme
The companies will be showcased at Melbourne’s Intersekt conference.
Video: Top fintech stories this week – 11 October 2019
FinTech Future’s weekly news round-up.
Swift to expand its gpi into securities and FX transactions
Swift predicts the world too will take this holistic approach to gpi.
Banks’ culture and governance next target for Australian regulators
There will be “deep dive” reviews if firms don’t deliver.
Standard Chartered Bank tackles reporting restrictions with BearingPoint
The new solution covers more than 130 jurisdictions.
Verrency appoints former Westpac Group CTO to advisory board
Prior to joining Westpac, Wilson worked with SAP and ABN Amro.
Australia’s Commonwealth Bank faces 87 charges for unsolicited sales calls
The bank’s insurance arm CommInsure used a third-party telemarketing firm.
NAB’s charge reduces cash earnings by AUD1.12bn
This comes ahead of the January regulatory deadline to reach a core capital ratio of 10.5%.
SMB expenses start-up DiviPay raises $2.3m in round led by ANZ Bank
The fintech has created a virtual credit card.
NAB executive resigns amid extensive cloud migration
Yuri Misnik spearheaded NAB’s switch to Amazon Web Services.
Revolut reveals new agreement with Visa, set to hire 3,500
Revolut is eyeing up several new markets in 2019 and 2020
ISLA tells lenders how to avoid “unsustainable levels” of cost and risk
By standardising and automating, the industry will become “future-proof”.
Sibos 2019: Final wrap-up of talks, interviews and daily news
See our final wrap-up of the London-hosted four day event!
Australia orders audit of PayPal’s reporting compliance
The company reported itself following an internal review.
Latitude Financial preps $2.5bn IPO
It will be the largest IPO in the country since 2014.
Insurtech Cover Genius forms ‘first of a kind’ partnership with ShipStation
The partnership will effect UK, Canadian and Australian merchant customers.
Confirmations bring peace of mind to cross-border payments
Swift is working on a new universal confirmations initiative.
Australian start-ups welcome a senate inquiry into the fintech space
The start-ups argued that politicians have done far too little.
Mastercard and R3 deliver blockchain cross-border payments solution
The partnership will focus on connecting global faster payments infrastructures.
NAB launches cybersecurity alliance in Victorian parliament
The bank has partnered with La Trobe University to provide cybersecurity workforce development.
Three top Aussie banks back start-up that banishes paper receipts
The start-up, Slyp, is founded by two former PayPal executives.
Xinja lands full Aussie banking licence
It is the country’s first independent neobank to receive a full licence and open accounts.
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
Railsbank raises $10m to expand into Southeast Asia and beyond
The open banking platform has opened an office in Singapore.
Australian share trading start-up to launch in UK
Stake has been granted a licence by the FCA.
Zip acquires PartPay for $50m
The Aussie credit card company has also purchased an equity interest in QuadPay.
Carlsberg Bank – probably the best digital bank in the world
Banks need to identify new segments and go beyond banking
Experian A/NZ acquires Australian fintech Look Who’s Charging
The deal will bolster Experian’s open data offering in the region.
Horizon Credit Union is becoming a bank from 2 September
“Regrettably, many people don’t know what a credit union is, who can join and what they do”.
How Laybuy seeks to attract global Gen Z market
Laybuy asks for no interest and brands itself as “ethical”.
Is your fintech brand an awkward teenager?
From unpredictable growth spurts and occasional breakouts, to sleeping in.
Data breach leaves PayID’s customer details exposed
NPP Australia confirms the affected data included name and account numbers.
Identitii secures second licence with HSBC
Identitii will provide the bank with its Overlay+ platform.
Accenture acquires financial risk advisor Parker Fitzgerald
Accenture responds to the evolving risk landscape in financial services.
Westpac partners with Coupa for e-procurement
The partnership anticipates the government’s digitisation of procurement.
Data Action wins core solution deal with Greater Bank
Greater Bank hopes the new partnership will prepare it for the open banking era.
DSB reveals “significant appetite” for data quality and cybersecurity analysis
The DSB will create the new part-time role of Chief Information Security Officer.
