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Trustees Australia merges with deposit marketplace Cashwerkz

Vantiv and Worldpay agree to merge

Financial services group Trustees Australia and deposit marketplace Cashwerkz have merged as they seek to tap into the cash, term deposit and fixed income investments markets. According to the duo, the new entity has access to over 30 Australian banks, and it will be able to compete well in the $2.1 trillion cash deposit market. […]

Credit Union Australia pivots with Pivotus Ventures’ digital banking

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Credit Union Australia (CUA) has joined a group of banking providers, becoming the exclusive Australia and New Zealand partner of Pivotus Ventures. The deal – which also includes the UK’s Nationwide Building Society, US bank Umpqua and the Netherlands’ De Volksbank – will let CUA develop new digital banking opportunities. The ideas are being developed […]

CUA pilots Australia Post’s new digital ID verification tool, Digital iDTM

CUA

Credit Union Australia (CUA) has become to the first financial institution in the country to trial Australia Post’s new digital identity verification service, Digital iDTM.

White paper: electronic signature guide for banks in Australia

E-signatures in Australia white paper

Get an introduction to the world of e-signatures through this comprehensive guide. Learn the top use cases, best practices and key requirements for Australian banks of all sizes.

Australia calls for risk-loving fintech firms

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

The Risk Management Association of Australia (RMA) has partnered with KPMG and match-making firm Matchi to offer three fintech companies the opportunity to pitch their solutions to forty chief risk officers (CROs) from various Australian banks. KPMG is arranging this year’s CRO roundtable event for the RMA members with the theme “Generation Next”. Matchi says […]

Abu Dhabi and Australia ally for fintech innovation

puzzle with the national flag of australia and united arab emirates on a world map background.

The Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA) and the Australian Securities and Investments Commission (ASIC) have signed a co-operation agreement for financial innovation. This agreement, which follows on from recent deals with Hong Kong and Japan, expands ASIC’s network to the Middle East and North Africa (MENA) – which are “currently […]

Australia has a go at removing citizens’ security

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

The Australian Government is developing its own anti-encryption legislation, modelled on the UK’s Snoopers Charter, a set of rules deemed unfit by the European Court of Justice, reports Telecoms.com (Banking Technology’s sister publication). The move, which was announced by Prime Minister Malcolm Turnbull, has been built on anti-terrorism messages, as yet another government uses the element […]

Sydney and Melbourne launch fintech start-up hubs

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

It’s a double development delight in Australia with Sydney and Melbourne unveiling fintech start-up hubs for innovation across the nation. Industry body FinTech Australia says Sydney’s proposed new 11-floor start-up hub – set to be the largest in the southern hemisphere – “should help build even stronger links between the Australian fintech industry and global […]

Tic:Toc tactic is 22 minutes for home loan approval

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Australia-based start-up Tic:Toc has launched an online home loan platform, offering customers approval in 22 minutes, instead of 22 days. The firm is backed by Bendigo and Adelaide Bank, as well as the State Government in South Australia, which approved a $900,000 grant to Tic:Toc through its Investment Attraction Agency’s (IASA) Economic Investment Fund. Tic:Toc’s […]

SocietyOne surpasses $300m in loans issued

SocietyOne

Australian P2P lending platform SocietyOne reached a milestone this week. The company has surpassed $300 million in loans issued since it was founded in 2011, reports Finovate (Banking Technology’s sister company). During a time when P2P lending in the US is under scrutiny, SocietyOne is reporting an increasing demand for P2P lending in Australia. In the […]

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