banks

Oct
20

ChimpChange user activity accelerates

HIGHLIGHTS ChimpChange acquired 15,500 new customers in the September quarter Total Transaction Volume (“TTV”) grew by 71% month-on-month (“MoM”) in September Total funds deposited by ChimpChange customers grew by 73% MoM in September Monthly value of mobile cheque loads more than doubled in September, up 117% MoM ChimpChange has proven its ability to attract higher […]

By Cameron Dart | Banking . Borrowing . FinTech . Payments
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Oct
20

Major Australian fintech Tyro just hired the UBank founder as its CEO

UBank founder Gerd Schenkel has been hired as Tyro Payments’ new CEO to build the fintech company’s next-generation bank. Schenkel has been hired by Tyro, Australia’s fast-growing nextGen banking institution, to run an ambitious growth plan and a strong public advocacy campaign. “When someone of Gerd’s talent becomes available you grab the opportunity with both […]

By Cameron Dart | Banking . FinTech . Payments
DETAIL
Oct
17

Can robots beat humans as financial advisers?

Jason Lim wants to save enough for a deposit on an apartment but was earning next to nothing by having his money with his bank. He wanted to get some advice on where to invest his money, but a traditional adviser was not for him. “I wanted to earn more than I could get with […]

By Cameron Dart | FinTech . Investing . Robo-Advice
DETAIL
Oct
17

Morgan Stanley’s Jeffrey McMillan says collaboration is key in fintech

It makes more sense for a global banking giant such as Morgan Stanley to collaborate with innovative fintech start-ups than to try to be innovative itself, according to the bank’s chief analytics and data officer, Jeffrey McMillan. “Probably 75 per cent of our technology that we build is coming from the fintech sector,” Mr McMillan […]

By Cameron Dart | Banking . FinTech . Lending . Peer-to-Peer
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Oct
17

InPayTech Limited Initial Public Offer opens today

Integrated Payment Technologies Limited (InPayTech) has today formally opened its Initial Public Offer (IPO). InPayTech is an Australian financial technology company that has created a unique payments process in support of Australia’s banking, wealth management and superannuation sectors. The Prospectus offers a total of up to 25,000,000 Shares in the Company at a price of […]

By Cameron Dart | ASX . Banking . FinTech . Investing . Payments
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Oct
13

Blockchain report: Where are we now, and where are we going?

A report by international law firm Allens investigates the use cases for blockchain and where the technology is now. International law firm Allens, which has offices in Australia and Asia, has released a detailed report investigating the attributes, problems and possible use cases for blockchain. The report’s lead authors say blockchain first got on Allens’ […]

By International FinTech | ASX . Banking . Blockchain . Currency . FinTech . Investing . Payments
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Oct
12

ANZ, Wells Fargo test blockchain for cross-border payments

Blockchain technology promises to reduce the time and cost of transferring funds and increase access to liquidity, according to ANZ Banking Group and Wells Fargo. The companies made the comments following the completion of a six-month project that built and tested a distributed ledger for reconciling and settling payments between the two banks. In a […]

By Cameron Dart | Banking . Blockchain . FinTech . Payments
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Oct
10

Why the parliamentary inquiry was good for fintech

Discussion of data sharing, small business loan rates and investment troubles spell increased opportunities for fintech. The parliamentary inquiry into banks saw CEOs of the Big Four – Westpac, ANZ, NAB and Commonwealth Bank – grilled about a range of issues pertaining to their bank’s conduct. While the line of questioning taken by House of […]

By International FinTech | Banking . Borrowing . FinTech . Investing . Lending . Robo-Advice
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