Bravura Solutions acquires Delta Financial Systems in £23m deal
Aussie fintech expands reach in the UK with Delta acquisition.
Australasia
Ranqx signs digital lending deal with Mambu
The New Zealand firm will deploy Mambu tech alongside its own systems.
Sibos 2020: Banks must persevere with difficult fintech partnerships
CommBank CEO CommBank says all deals are valuable learning opportunities
Aussie start-up WeMoney raises $2m in seed funding
Financial health app plans to aid Australians in paying bills.
Airwallex adds $40m to Series D round, hits $200m raised for 2020
Aussie-founded fintech plans to use cash to expand into new markets.
National Australia Bank pens merchant acquiring deal with Pollinate
The deal also sees NAB invest in the London-based fintech.
NAB publishes deep dive into UX platform NAB-X
The bank wants to use the self-built platform to roll out new features more quickly.
Aussie neobank Douugh lists on ASX ahead of US launch
The plan is to launch in the US before Christmas.
Westpac agrees to record AUD 1.3bn fine for AML failures
Australian bank on the receiving end of the country’s largest civil penalty.
UK fintech trio found Cape to tap Australia’s SME credit card market
Australians’ credit card debts fell to a 15-year low in July.
Volt Bank partners with Microsoft to launch BaaS platform
Volt aims to provide retailers and incumbent banks with digital banking services.
Change Financial to buy Wirecard’s Australian business for $5.7m
In July, the subsidiary went into voluntary administration.
NAB and CommBank race to launch no-interest credit cards
The Australian banks are reacting to the proliferation of buy now, pay later firms.
RTGS Global kicks into gear to disrupt correspondent banking
RTGS has built its system on Microsoft Azure.
Aussie BNPL Zip closes $296m acquisition of US player QuadPay
“The US is a critical part of our global strategy,” says CEO.
NZX halts trading for third day after DDoS attack
NZX came under attack on Tuesday through its internet service provider.
Xero to acquire Aussie invoice lending platform Waddle for $57m
Xero’s shares hit more than AUD 100 on 25 August.
Afterpay acquires Spanish BNPL to advance into Europe
Afterpay already owns UK BNPL player, Clearpay.
Westpac sells vendor finance arm to Cerberus subsidiary for $430m
The acquisition was sealed on 20 August.
iSignthis files AUD 264m against Australian Securities Exchange
The feud has its roots in ASX’s removal of iSignthis shares from trading.
GoCardless Australia readies for open banking and instant direct debits
The start-up launched In Australia and New Zealand towards the end of 2018.
Oracle wins Flexcube deal in Germany
Paymentworld and Heartland Bank pick up Oracle’s flagship system.
TransferWise delivers cross-border transfers for Aussie challenger Up
TransferWise thinks there’s money on the table in Australia.
Westpac hires Scott Collary as new COO
Aussie bank snags a new executive from Bank of Montreal
Aussie BNPL Splitit lands $71.5m for US and UK expansion
Woodson Capital has become a substantial shareholder.
Fintech funding rebounds in Q2 but deal numbers continue to fall
VC-backed fintech deals dived from 452 in Q1 to 397 in Q2.
Report: The future of digital wealth management
A new FinTech Futures report examines the future of wealth management in a digital era.
Xinja Bank to launch US trading platform for Aussie investors
Dabble will also offer users fractional shares.
Charity donation fintech Goodworld launches in Australia
Its feature #donate allows donors to send instant donations via social media.
Aussie fintech Wildcard shuts down due to COVID-19
The savings firm couldn’t keep up with the economic impact of coronavirus.
NAB signs multi-year cloud deal with Microsoft
Major Aussie bank to boost its cloud architecture with Microsoft.
US buy now, pay later fintech Sezzle in $60m raise on ASX
The start-up still needs to close $5 million.
Banking Technology July/August 2020 issue out now
Unlocking the benefits of open banking.
FNZ and State Street collaborate on wealth management servicing venture
FNZ will acquire a majority stake in State Street’s Wealth Manager Services business.
ASB Bank replaces legacy trade finance system with CGI’s Trade360
The New Zealand bank is deploying the platform on the cloud.
Regional Australia Bank approves first Aussie open banking loan
The process took six minutes end-to-end, claims bank.
Australian Securities Exchange delays blockchain go-live to 2022
This is the second delay for the infrastructure project.
UK opens virtual fintech trade mission to APAC
The fintech deal follows FTA talks between the UK, Australia and New Zealand.
APRA hits CBA and Suncorp with pensions conditions
Aussie regulator is unhappy with the pair’s treatment of customers.
Australia’s big four welcomes start of open banking
ANZ, NAB, Westpac and Commonwealth Bank have all gone live with APIs.
