Banking

Feb
06

ANZ Bank boss Shayne Elliott tells Melbourne Fintech Meetup he’s ready to invest

New ANZ Bank boss Shayne Elliott is recruiting for a head of digital banking, who will be told to partner with start-up technology companies that can teach the 180 year old bank how to improve its customer service. The bank is set to acquire and invest in emerging companies with technology that is disrupting the […]

By Cameron Dart | Banking . FinTech . Investing
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Feb
01

DirectMoney eyes $32bn card debt as it targets $100m in loans

Recently-listed marketplace lender DirectMoney is targeting $100 million in loans a year as it goes after the banks’ $32 billion in revolving credit card debt. Chief executive Peter Beaumont said it was surprising that so many people were paying up to 20 per cent interest rates on credit card balances when there are much lower […]

By Cameron Dart | Banking . Borrowing . FinTech
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NAB’s Visa digital wallet helps block Apple

NAB’s first digital wallet out on Monday is backed by Visa, making it the first Australian bank to use a new mobile security system that fights Apple’s bid for a share of the $2.5 billion in fees for credit card transactions. NAB’s new digital wallet, NAB Pay, will allow customers to use an Android smartphone […]

By Cameron Dart | Banking
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Jan
20

CBA eyes collaboration with fintech companies in Asia and Europe

Kelly Bayer Rosmarin, CBA’s (CBA) Group Executive, Institutional Banking and Markets, said the Hong Kong and London labs highlighted the banks’ global approach to innovation that connected customers, employees and start-up communities to the latest fintech developments. “Hong Kong’s highly developed financial sector, strong entrepreneurial culture and proximity to China makes it the optimal location […]

By Cameron Dart | Banking . FinTech
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Jan
18

Ken Henry says NAB has strong capital and is ready to embrace fintech future

“If digital innovation leads to more efficient ways of achieving credit intermediation, we are in a strong position to embrace those new efficiencies. Maybe the whole sector becomes more efficient. If it does, our customers will benefit. “The establishment of NAB Labs, an innovation lab in Melbourne, and NAB Ventures, a corporate investment fund to […]

By Cameron Dart | Banking . FinTech . Peer-to-Peer
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Jan
15

Innovation – NSW innovation minister says he will deliver three things the startup community is pleading for

He says one of the flagship policies of the state government last year was the establishment of a “world first” government data analytics centre facilitating data sharing between government agencies and allowing for the analysis of the effectiveness of policies. Dominello  says the better use of public data can also assist with one of the […]

By International FinTech | Banking . FinTech . Sydney FinTech
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Jan
14

New fintech platform to ‘take business from brokers’

A former major bank executive will launch a new fintech business this year to compete directly with the third-party channel on prime mortgages. Mark Bevan, who spent 25 years at CBA and six with Westpac, is the co-founder of Joust, an online platform that allows lenders to compete for home loan deals through a live […]

By Cameron Dart | Banking . Borrowing . Mortgage
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Jan
13

Fiserv and Alpha Payments Cloud Partner on Cost Effective Solution to Connect to Real-Time Payments in Australia – Press Release

Alpha Payments Cloud, a global leader in providing third party payment, risk and commerce solution access to international banks and merchants, has today announced a partnership with Fiserv, Inc., a leading global provider of financial services technology solutions. The partnership will provide Australian banks with a simpler and faster way to process payments in Australia […]

By Cameron Dart | Banking . Payments
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