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Accenture to acquire payments consulting firm First Annapolis

Accenture

Accenture will acquire First Annapolis, a privately held payments consulting and advisory firm. Alan McIntyre, senior managing director, and head of Accenture’s Banking practice, says the acquisition “will enhance our capabilities in the payments sector”. Terms of the transaction were not disclosed. The acquisition, which is subject to customary closing conditions, is expected to close […]

New Avaloq go-live for BT Financial Group

Avaloq

Australia-based BT Financial Group, a wealth management subsidiary of Westpac, has added new functionality – superannuation administration – to its core banking platform, supplied by Avaloq.

Shrewd surfer dude behind Visa’s contactless payment sunglasses move

Colbert

An Australian start-up has been revealed as the key technology partner of Visa’s new contactless payment sunglasses which were launched at the South by Southwest (SXSW) Festival. Visa unveiled the WaveShades sunglasses at the festival in Austin, Texas. Behind the scenes, the bright idea came from FinTech Australia member Inamo who came up with the […]

Yellow Brick Road to revamp wealth management ops with Rubik

It's always best to start at the beginning – and all you do is follow the Yellow Brick Road...

Australia-based banking tech provider Rubik has signed wealth management company Yellow Brick Road (YBR) for its scaled advice solution, Provisio.

Goldfields Money signs for tech overhaul with Rubik

Goldfields Money in major tech overhaul

Australia-based banking tech provider Rubik (soon to be acquired by Temenos) has signed a new client, Goldfields Money. Rubik’s CEO Iain Dunstan says one more new customer will be announced “imminently”.

APRA’s EFS Form Review consultation: first stage of a long road

To Apple Pay or not to Apple Pay, that is the question

On 16 January 2017, the Australian Prudential Regulatory Authority (APRA) released for public consultation its Economic and Financial Statistics (EFS) Form Review. Notably, this consultation package represents a major overhaul of many of the financial and statistical returns currently prepared by the Australian authorised deposit-taking institutions (ADIs) as well as introducing a new set of returns to be submitted. We examine what’s at stake.

Traity collaborates with Suncorp to launch a micro-insurance platform

Kevininsured

Kevin, Traity’s new chatbot, provides micro-insurance for P2P transactions online. Created in collaboration with Australia’s financial services conglomerate, Suncorp, Kevin protects buyers on online marketplaces such as Gumtree, Facebook and Craigslist.

Temenos to acquire Australian partner Rubik for $50m

Australia flag

Australia-based banking software and services vendor Rubik Financial is to be taken over by Temenos. The deal is valued at $50 million.

Australian banks in one last grapple with Apple

Australia flag

Four big Australian banks haven’t given up the fight to convince the country’s antitrust regulator that they get some concessions from Apple over Apple Pay. With a decision due in a few weeks, the Commonwealth Bank of Australia (CBA), National Australia Bank (NAB), Westpac, and Bendigo and Adelaide Bank may have made their final submission […]

Suncorp core banking revamp stumbles

suncorp-logo

Suncorp’s multi-year venture to modernise its core banking system, known as Project Ignite, has stumbled at the final hurdle. As Banking Technology reported in August 2016, the revamp was in its final stages. However, in questions over its half-year FY17 results, Suncorp told iTnews that the configuration of the platform and product migration has “taken […]

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