Tagged: australia

August 29, 2024 @ 9:40 pm By Omar Faridi  |  

CommBank and Telstra announced their anti-scam technology Scam Indicator has been expanded to cover landlines, to help detect suspicious calls in real-time, helping to avoid money being lost to scammers. The anti-scam technology, which was “conceived and developed in partnership with Quantium Telstra to help… Read More

August 26, 2024 @ 10:26 pm By Omar Faridi  |  

State Street Global Advisors, Inc, the asset management business of State Street Corporation (NYSE: STT), announced a strategic investment in Raiz Invest Limited (ASX: RZI), an Australian Fintech platform that helps customers grow their wealth by helping them to save and invest. The parties have… Read More

August 26, 2024 @ 10:24 pm By Omar Faridi  |  

Backbase, the global enabler of engagement banking, has successfully delivered a new digital banking platform for MyState Bank to support future growth. The platform represents a significant leap forward in “delivering seamless, customer-centric digital experiences to MyState customers.” MyState has partnered with Backbase “to modernise its… Read More

August 24, 2024 @ 7:33 am By Omar Faridi  |  

CBA and BNY announced that they are delivering near real-time cross-border payments. Through a new cross-border payments collaboration between Commonwealth Bank of Australia (CBA) and The Bank of New York Mellon (BNY), Australian businesses and individuals who “receive international payments from BNY’s customers may now… Read More

August 22, 2024 @ 9:12 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, marked its 10th anniversary serving Australian businesses, marking the rapid growth in the country’s internet economy. At its annual conference, Stripe Tour Sydney, Stripe reinforced its commitment “to Australia by launching new solutions to support businesses’ growth, including… Read More

August 19, 2024 @ 4:06 pm By Omar Faridi  |  

Metallicus, the developer of The Digital Banking Network, a blockchain-based payments network built to meet regulatory standards globally, is pleased to announce the launch of its flagship consumer app, Metal Pay, in Australia. This expansion marks a significant milestone in Metallicus’ mission “to support the… Read More

August 14, 2024 @ 11:22 am By JD Alois  |  

The Australian Stock Exchange (ASX) was once viewed as a pioneer in transitioning from legacy exchange technology – CHESS –  to blockchain or distributed ledger technology. The strategy was to create a “database architecture that solves a data reconciliation issue.” This has nothing to do… Read More

August 9, 2024 @ 5:45 pm By Omar Faridi  |  

EBM Insurance & Risk, one of Australia’s privately owned insurance brokers, is pleased to announce a partnership with CyberCube, the provider of cyber risk analytics. This collaboration will see EBM licensing CyberCube‘s Broking Manager and Prep Module, significantly “enhancing its capabilities in cyber risk quantification… Read More

August 7, 2024 @ 9:12 pm By Omar Faridi  |  

Australian digital bank, ubank, has introduced passkeys to improve authentication for customers. Ubank joins a growing number of international online services and payment providers, “along with Australian organizations and government agencies, using passkeys as their login method.” The change in authentication processes comes as Australians lost… Read More

August 1, 2024 @ 4:54 pm By Omar Faridi  |  

CommBank customer scam losses halved in FY24 following the introduction of measures including market leading anti-scam technologies, spearheading cross industry collaborations, ongoing proactive policy measures and strengthening customer awareness. James Roberts, CommBank General Manager of Group Fraud, said: “Over the last financial year CommBank has… Read More

July 30, 2024 @ 10:11 pm By Omar Faridi  |  

In a move to help stop bank impersonation scams and improve the customer experience, Westpac and Optus are introducing a new in-app calling capability for Westpac customers. Westpac SafeCall will allow customers “to receive calls via the app that are Westpac branded, verified by Optus… Read More

July 28, 2024 @ 4:35 pm By Omar Faridi  |  

Customers of fintech lender Plenti now have a new way to make additional loan repayments, made possible with National Australia Bank’s (NAB) Pay by Bank solution, which enables PayTo transactions. This technology, developed by US based global fintech Banked “in partnership with NAB, enables fast… Read More

July 23, 2024 @ 10:26 pm By Omar Faridi  |  

Westpac is launching Dynamic Virtual Cards for institutional, corporate and government customers, enabling fast and secure ‘tap and go’ payments, giving them greater control. Westpac’s Dynamic Virtual Card can be “used online as well as in-store via digital wallet tap and go transactions.” Jeff Byrne,… Read More

July 23, 2024 @ 11:31 am By JD Alois  |  

Birchal, the leading investment crowdfunding platform (crowd-sourced funding) in Australia has published its half year report reviewing industry activity. According to the platform, investment crowdfunding is displaying “sustained stability” and growth in platform activity. Birchal shares in its Crowd-Sourced Funding (CSF) FY24 Industry Report ‘Funded’… Read More

July 22, 2024 @ 4:31 pm By Omar Faridi  |  

Airwallex, the Australia-founded financial platform for modern businesses, has reportedly become the first major payments company to be granted an Australian Financial Services Licence (AFSL) by the Australian Securities and Investment Commission (ASIC) to offer businesses access to retail investment products. This is an additional… Read More

July 7, 2024 @ 4:55 pm By Omar Faridi  |  

Productivity growth goes in cycles and Australia is currently within the normal bounds of a low productivity growth period, rather than a “crisis” as commonly characterized, according to a research report from KPMG. However, there would be cause for concern if this downturn continues to… Read More

June 28, 2024 @ 10:26 pm By Omar Faridi  |  

With the end of financial year (EOFY) around the corner, new research from digital bank, ubank, revealed what’s on the minds of Gen Z and Millennials when it comes to tax time. According to ubank’s research, which “surveyed 1,311 adults between the ages of 18… Read More

June 28, 2024 @ 9:39 pm By Omar Faridi  |  

Global payments and financial platform for modern businesses, Airwallex, has continued on its growth trajectory, delivering a 93 percent increase in year-on-year (YoY) revenue across Australia and New Zealand (ANZ). Airwallex also reports that it recorded strong global revenue growth, “up 84 percent YoY, while… Read More

June 19, 2024 @ 11:11 pm By JD Alois  |  

The VanEck Bitcoin ETF (ASX:VBTC) traded on the Australian Stock Exchange (ASX) today, following the lead of the US. VanEck said the exchange-traded fund was the first and most cost-effective Bitcoin ETF on ASX. Other sponsors are expected to enter the Australian market with a… Read More

June 18, 2024 @ 11:07 pm By Omar Faridi  |  

Ubank has announced a new bonus interest rate for savers. This update from Ubank comes as new Gen Z and Millennial research reveals “the rising cost of living is making it increasingly difficult to manage their finances yet they remain optimistic about their savings and… Read More