BioCatch pilots fraud intelligence network with cohort of Aussie banks
Participating banks include NAB, ANZ, CBA, Suncorp Bank and Westpac.
New Zealand
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BNZ acquires open banking fintech BlinkPay
BlinkPay’s co-founder and CPO Adrian Smith is set to become the firm’s new CEO.
Aussie crowdfunding platform Equitise enters administration
New Zealand’s FMA cancelled Equitise’s crowdfunding services licence in April 2024.
New digital wallet and POS app Payap gears up for 2025 launch in New Zealand
The app is powered by Auckland-based fintech Centrapay and backed by the Bank of New Zealand (BNZ).
ICYMI fintech funding round-up: Abhi, Emerge, Diesta, and Axyon AI
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Citi and Mastercard collaborate to enable cross-border payments via debit cards
The partnership will enable cross-border payments to Mastercard debit cards in 14 receiving markets.
New Zealand Bankers Association selects UK fintech obconnect to power the country’s CoP ecosystem
Retail banks in New Zealand will begin rolling out the new CoP service “by the end of November this year”.
Klarna to resurrect BNPL fintech Laybuy in New Zealand following acquisition of assets
Laybuy entered into a receivership back in June.
Dosh seeks licence to become a bank in New Zealand
Dosh is aiming to become New Zealand’s “first locally-owned, digital-only bank”.
BNPL firm Laybuy’s search for new buyer results in Deloitte receivership
Gary Rohloff, managing director of Laybuy, describes the appointment of receivers as “gut wrenching”.
The Reserve Bank of New Zealand calls for views on potential CBDC
The consultation period is due to commence on 17 April and will run until 26 July 2024.
BNPL firm Laybuy reportedly on the lookout for new buyer to potentially go private
The New Zealand-based firm is currently listed on the Catalist stock exchange with a value of around $5.4 million.
Westpac taps Dancerace to upgrade its invoice finance operations
Dancerace says its tech will make it easier for Aussie businesses with unpaid invoices “to receive their cash faster”.
Blackbullion taps Bud to streamline higher education student finance applications
Blackbullion will deploy Bud’s Assess solution and its open banking and transactional AI tech.
Pepper Money agrees to buy HSBC’s New Zealand mortgage portfolio
On completion, the acquired portfolio is expected to be worth NZ$1.4 billion in outstanding balance.
BlinkPay readies New Zealand for open banking with new services
New Zealand’s four largest banks are preparing to instate open banking in May 2024.
ANZ invests in mule account detection solution to help fight fraud
ANZ says it conducted a successful pilot in April, identifying nearly 1,400 high-risk accounts.
ClearScore launches in New Zealand
ClearScore says it will be adding new financial partners in New Zealand over the coming months.
UK paytech GoCardless lays off 15% of its workforce
GoCardless cites the current economic environment as the reason behind the layoffs.
Marqeta closes Australia office in bid to cut costs
Marqeta is undertaking “restructuring actions” in Q2 this year to reduce operating expenses.
Tradeweb acquires Aussie trading platform Yieldbroker in AU$125m deal
The Yieldbroker platform claims to facilitate trading of approximately AUD 6 trillion annually.
Westpac New Zealand taps Finastra to accelerate ISO 20022 compliance
Finastra says its tech will enable the bank to leverage the benefits of ISO 20022’s data-rich MX messaging format.
NZ wealth manager JBWere taps Duco for cash and asset reconciliations
JBWere NZ will use Duco to reconcile cash and securities held with sub-custodians, share registries and banks.
IFGS 2023: UK has the opportunity to take the lead on tailored BNPL regulation
Klarna and Block discussed how the UK can set the tone for BNPL regulation at IFGS 2023.
Stripe unveils Tap to Pay for Android devices
Tap to Pay allows businesses to accept contactless payments using an NFC-enabled Android device.
New Zealand accounting fintech Hnry bags $24.5m in Series B funding
Hnry provides invoicing, tax, insurance and compliance services to self-employed contractors and freelancers.
FNZ acquires wealthtech start-up YieldX
YieldX’s fixed income portfolio management technology will be integrated into FNZ’s wealth platform.
ANZ New Zealand selects FIS for core banking upgrade
The firm will be the first bank outside the US to utilise FIS’ Modern Banking Platform.
Bank of New Zealand taps NCR for ATM-as-a-Service solution
The move forms part of the bank’s digital transformation efforts.
Australia’s ANZ snaps up Suncorp Bank in $3.3bn deal
ANZ CEO Shayne Elliott says the acquisition is a “cornerstone investment” for the firm.
New Zealand gets first digital home loan platform Tella
Tella aims to bring change to an industry “known for its manual and process-heavy approach”.
Open banking fintech Bud closes $80m Series B funding round
The new funding will be used for further international expansion, Bud says.
Hong Kong’s Planto partners NZ fintech Cogo to promote sustainability
The new software will enable consumers and small businesses to view their daily carbon footprint.
Kiwi regtech start-up First AML lands £15.6m Series B, makes UK debut
The company’s co-founder Bion Behdin is relocating to its new London office.
Wealthtech FNZ secures $1.4bn investment
The company says the investment is one of the largest ever primary equity raises in the sector.
Kiwibank taps software firm ACI to boost real-time payments push
The deal will see ACI provide and manage Kiwibank’s digital payment hub.
Sibos 2021: Major appliance manufacturer picks SmartStream for data reconciliation
Fisher & Paykel selects SmartStream Air to automate its currently manual reconciliation processes.
Aussie mortgage firm Bluestone goes live with Mambu
Non-bank lender handles AUD 10 billion in home loans across Australia and New Zealand.
BNPL Laybuy raises $27m for UK growth drive
The start-up last raised debt financing in late July 2020.
Kiwi payments start-up Dosh selects Software Group
Dosh is the first local mobile wallet solution in New Zealand.
