An ‘open’ secret to beating the fintech threat?27/06/2017 Patrick Buncsi News
Facing ruthless competition from customer-savvy fintechs, application programming interfaces (APIs) will prove “crucial” in banks’ fight to reassert their dominance over the wily disruptors, according to Capgemini’s 2017 World Retail Banking Report.
Asia-Pacific fintechs winning the battle for customers27/06/2017 Patrick Buncsi News
A focus on delivering convenience, innovation, and lower fees has paid dividends for Asia-Pacific's fintechs, with the region's customers revealing a clear preference for the tech-centric start-ups over traditional banks, according to Capgemini’s 2017 World Retail Banking Report.
Australia secures fintech agreement with Japan23/06/2017 Patrick Buncsi News
The Australian Securities and Investments Commission has signed an exclusive co-operation deal with Japan’s financial regulator to spur mutual innovation in financial services, the Australian regulator announced today.
ASIC seeks industry feedback to nurture crowd-funding startups23/06/2017 Patrick Buncsi News
The Australian Securities and Investment Commission has requested public feedback to assist in the development of Australia’s crowd-funding industry.
Millennials become dominant presence on CommSec investment platform21/06/2017 Patrick Buncsi News
Millennials are set to dominate CommSec by force of numbers, representing half of all new customers signing on to the share trading platform, according to data released by CBA.
Australian fintech claims victory at global innovation challenge21/06/2017 Patrick Buncsi News
Sydney-based banking software developer, Avoka, has taken home the gong at the ATB Financial Customer Onboarding Global Innovation Challenge, beating out rivals from the UK, US, Europe and the Asia-Pacific.
Rivals’ merger births world’s third biggest fintech21/06/2017 Patrick Buncsi News
Leading financial technology developers, Misys and D+H, have merged to create Finastra – the world’s third largest fintech.
Insurance giant pilots blockchain-powered policies20/06/2017 Patrick Buncsi News
Global insurance and banking heavyweights, AIG and Standard Chartered Bank, have teamed with technology titan IBM to pilot the world’s first multinational, ‘smart contract’ insurance policy developed with blockchain technology.
Nine out of 10 ASEAN CEOs relish disruption – KPMG20/06/2017 Patrick Buncsi News
Three out of four chief executives around the globe see disruption as an opportunity rather than a threat, with an average of 94 per cent of Singapore and ASEAN chief executives expressing the same optimism around disruption, according to KPMG's 2017 Global CEO Outlook survey.
Getting chatty: UBS to develop ‘industry first’ social chat network20/06/2017 Patrick Buncsi News
UBS’ Wealth Management division has announced plans to develop a secure social chat facility, providing a direct communication channel between clients and advisers.
India’s banking sector set for bumper 201720/06/2017 Patrick Buncsi News
India’s banking and securities industries are forecast to grow by 8.6 per cent in 2017, according to Gartner's global industry forecast.
Australian CEOs most pessimistic over global growth14/06/2017 Patrick Buncsi News
Australian CEOs are among the world’s most pessimistic when it comes to assessing global economic growth, according to results from KPMG’s annual Global CEO Outlook survey.
Could banks’ collaboration with fintechs disarm the 'BigTech' threat?14/06/2017 Patrick Buncsi News
Collaboration rather than competition between fintechs and established banks will help mount the best challenge against a looming ‘BigTech’ threat, according to a recent study by The Australian Digital Transformation Lab, a research partnership between the University of Sydney Business School and Capgemini.
Hong Kong & Australia ink fintech cooperation deal14/06/2017 Patrick Buncsi News
The chief regulators for Hong Kong and Australian's investment and securities markets have signed a cooperation agreement to nurture innovation in Asia-Pacific's most dynamic fintech hubs.