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Japan and Australia regulators to co-operate on fintech

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

The Financial Services Agency of Japan (JFSA) and Australian Securities and Investments Commission (ASIC) will work together to promote innovation in financial services in Japan and Australia. Both have completed a framework and they will share information and support the entry of fintech firms into each other’s markets. ASIC says this framework will “help open […]

FinTech Australia releases fintech ecosystem map

Australia's central bank in AU$13.6m tech overhaul

Industry body FinTech Australia has released its first member ecosystem map, to show the nation’s “strengths and diversity”, particularly in wealth generation and lending. The map (see image below) lists 119 members of FinTech Australia, along with the nation’s key financial services regulators. Danielle Szetho, FinTech Australia CEO, says: “The broad range, depth and quality […]

Avoka wins ATB Financial’s innovation challenge

avoka 1

Australia-based digital banking software vendor Avoka has won ATB Financial’s Customer Onboarding Global Innovation Challenge. As reported in March, ATB joined forces with KPMG in Canada and fintech matchmaking firm Matchi to run the event. In fact, in May, KPMG acquired Matchi. The pair had worked together since 2015, so the deal “cements” their relationship. […]

Australia and Hong Kong get it on for fintech innovation

Hong Kong

The Hong Kong Securities and Futures Commission (SFC) and Australian Securities and Investments Commission (ASIC) have signed a co-operation agreement for financial innovation. Both parties play up their “already close ties” and the Australia-Hong Kong trade and investment relationship “more broadly”. ASIC says Hong Kong is Australia’s seventh most important destination for services exports, valued […]

Australia Post taps i2c for digital payments push

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

Australia Post is partnering with processor i2c to “expand and modernise” its digital payments offerings, reports Paybefore (Banking Technology‘s sister publication). Under the pact, the Australian postal service will use i2c’s Agile Processing platform to roll out enhanced digital functionality for its payments products, including the Load&Go GPR Visa card, along with gift, multi-currency travel […]

Four Australian banks sign up for Swift’s global payments innovation

New addition to Swift's network

Four Australian banks, Australia and New Zealand Banking Group (ANZ), Commonwealth Bank, National Australia Bank (NAB) and Westpac are now live or planning to implement Swift’s global payments innovation (gpi) initiative. According to Swift, these Australian banks represent over 80% of cross-border payments flow for Australia. The banks all say the same stuff – so […]

EY to acquire Australian cybersecurity firm Open Windows

EY

Consulting firm EY will acquire Australian cybersecurity and identity and access management (IAM) provider Open Windows. EY says Melbourne-based Open Windows’ expertise and tools will form the basis of a new Asia-Pacific regional IAM advisory platform within EY, to help assess, design, build and operate solutions. Lynn Kraus, Oceania managing partner advisory, EY, says it […]

Deutsche Bank feels the fourth on GBST Syn system in Australia

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

Securities processing software vendor GBST has migrated the back and middle-office operations of Deutsche Bank from the legacy GBST Shares platform to GBST Syn for processing the bank’s equity market trades in Australia. This is GBST’s fourth live Syn installation in the country. Other users are Macquarie Bank, Citi Australia and brokerage and investment firm […]

Bank of Sydney in online and mobile banking tech revamp with Fiserv

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

Bank of Sydney has completed its search for a new digital channels software provider – the winner of its tender is Fiserv with its DigitalAccess omnichannel system.

ASIC boosts Australia’s regtech innovation scene

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

It’s smiles all around as two fintech groups are welcoming the Australian Securities and Investments Commission’s (ASIC) initiative for more regtech innovation. The RegTech Association and FinTech Australia joined forces to welcome the release of the report, “ASIC’s Innovation Hub and our approach to regulatory technology”. This latest bout of happiness follows nicely on from […]

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