- FST Media
- 14 March 2024
Sydney-based fintech GetCape, which specialises in SME cash management, has been acquired by UK fintech Anna.Money. Anna.Money, a cashflow management and tax assistance app, said the acquisition – the company’s first – would give it “the unique capability to blend...
Read More- Patrick Buncsi
- 13 March 2024
Scott Farrell, member of the Reserve Bank of Australia’s (RBA’s) Payments System Board and lead author of the financial services industry-defining payment systems review, has cautioned regulators and developers to avoid the temptation to simply ‘plug and play’ another country’s...
Read More- Patrick Buncsi
- 13 March 2024
The ACCC has welcomed the contribution of the financial services sector in helping to deliver a significant drop in dollar losses to scams, with the consumer protection watchdog’s Scamwatch service recording a 43 per cent decline in losses to scams...
Read More- FST Media
- 12 March 2024
Great Southern Bank (GSB), formerly Credit Union Australia, has unveiled its new all-in-one, neobank-inspired business banking app targeted at the “underserved” small business market. The app currently offers micro (businesses employing under five staff) and nano (sole trader) business users...
Read More- FST Media
- 12 March 2024
The Federal Government’s just-released exposure draft legislation has struck a crucial balance of protecting consumers without hindering choice, competition and innovation in the buy now, pay later (BNPL) sector, according to the Australian Finance Industry Association (AFIA). The peak financial...
Read More- FST Media
- 12 March 2024
The Commonwealth Bank of Australia (CBA) will extend its existing AI partnership with Microsoft, with the pair agreeing to further develop generative artificial intelligence (Gen AI) and cybersecurity solutions. The pair have confirmed a ‘letter of intent’ to collaborate on...
Read More- Patrick Buncsi
- 11 March 2024
Financial services businesses are among the most DDoS-threatened industries in the Asia Pacific region, according to a new report by global financial service cyber-intelligence sharing group FS-ISAC. The report, DDoS: Here to Stay, which cites data from the FS-ISAC’s industry...
Read More- FST Media
- 7 March 2024
Beforepay, a fintech specialising in ‘pay advance’ services, has announced the launch of a dedicated business-to-business offshoot that will sell its in-house-developed platforms and AI-powered tools to fellow lenders and lendtechs. Touted by Beforepay as its dedicated “artificial intelligence and...
Read More- Patrick Buncsi
- 7 March 2024
Commonwealth Bank of Australia (CBA) has consigned the more than century-old Bankwest branch network to history, with the Group’s Western Australia subsidiary announcing it will transition to a fully digital outfit within eight months and close or covert around 60...
Read More- FST Media
- 6 March 2024
Diverger is now formally part of Count Limited but that has not stopped it implementing an integrated eSigning solution with Brisbane-based fintech, Annature.
Read More- FST Media
- 6 March 2024
Compliance technology costs are impacting the bottom lines of Australian financial institutions, according to a new study conducted by LexisNexis Risk Solutions.
Read More- Jasmine Alvarez
- 6 March 2024
Insurers and the technology they use have evolved markedly in recent years, as lofty, blue-sky visions are quickly adopted as everyday, user-friendly tools – from sensors that track the health of a policyholder, satellites that track the fallout of a...
Read More- FST Media
- 6 March 2024
SME-specialist lender Avenue Bank has been granted an unrestricted banking licence from industry regulator APRA after two and a half years trading as a rADI. Founded in 2018, the Melbourne-headquartered, branchless bank has held its restricted authorised deposit-taking institution (rADI)...
Read More- FST Media
- 28 February 2024
Defence Bank, the dedicated mutual bank servicing Australian Defence Force (ADF) members, has announced the deployment of its digital loans processing platform for mortgage origination and experience The rollout effectively extends the original Cloudcase-developed platform – deployed by the bank...
Read More- Patrick Buncsi
- 28 February 2024
Fredrik Lindström, who held a leading role overseeing technology for CommBank’s retail banking arm, has been poached by rival NAB to serve as its next chief information officer (CIO) for personal banking. Lindström announced the move in a LinkedIn post,...
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