Topics
Bank-backed instant payments app Beem It launches
First announced last October, payments app Beem It has launched this month with backing from Westpac, Commonwealth Bank, and NAB.
Topics
Westpac-backed Reinventure raises third $50 million fund to widen focus to Asia-Pacific
VC firm Reinventure Group has closed its third $50 million fund, with Westpac once more backing the firm as it looks to expand its focus to Asia-Pacific.
Topics
Fintech Brighte secures $20 million debt facility from NAB to help Australians buy renewable energy solutions
Fintech startup Brighte has secured a $20 million debt funding facility from National Australia Bank (NAB).
Topics
Implementation of open banking scheme to begin in July 2019
Open banking will be phased in with all “major banks” to make data on credit and debit card, deposit and transaction accounts available by 1 July 2019.
Topics
Digital-only bank Xinja reaches $2 million raised through equity crowdfunding offer
With a day to go until its offer closes, digital-only bank Xinja has raised $2 million through equity crowdfunding platform Equitise.
Advice
Brisbane fintech Cohort Go facilitates cheaper cross-border payments for international students
Cohort Go enables students to pay in their own local currency, and offers them rates usually only available to large corporates.
Topics
Data and analytics firm Illion acquires Adelaide fintech startup Proviso
Data registries and analytics business Illion, formerly Dun & Bradstreet, has acquired Adelaide fintech startup Proviso as it gears up for the arrival of Australia’s open banking regime.
Advice
New Zealand startup Cove wants to help consumers manage their insurance experience via chatbot
With consumers time-poor, the aim is for Cove to deliver “the most intuitive mobile experience of any insurer in the world”.
Topics
ANZ appoints managing director of New Business, Emerging Technology and Ventures
ANZ has announced the appointment of Ron Spector as its managing director of New Business, Emerging Technology and Ventures.
Advice
Perth fintech Credi formalises loans among family and friends to reduce friction
Credi is working with lenders and borrowers who don’t traditionally see themselves in those terms – friends and family who simply lend each other money.
Topics
Westpac invests $40 million in buy now, pay later payment service zipMoney
Westpac has invested $40 million into ASX-listed zipMoney through a private share placement for a 17.11 percent stake in the company, with a further $8 million to be invested subject to performance.
Topics
Government must do more to encourage fintech growth, report finds
The report from Committee for Sydney and KPMG found that the number of fintech companies in Australia has grown from fewer than 100 in 2014 to 579 today.
Topics
Sydney fintech community Stone and Chalk announces expansion to Melbourne
Fintech coworking community Stone and Chalk has announced its expansion into Victoria, with a space for 60 desks to open next month in Melbourne.
Topics
Adelaide fintech TicToc launches to offer faster consumers home loan approval
TicToc is able to approve a loan in just 22 minutes through a ‘digital decisioning system’ that can approve a customer’s online application almost in real time, with no need for input or assessment from a human.
Talent Unleashed
Winning a Talent Unleashed Award gave DBS Bank CIO Neal Cross a renewed sense of the importance of innovation
Though much of the conversation around innovation often focuses on startups, a growing number of corporates across a variety of industries are investing in innovation – not out of fear of being disrupted, but in their own bid to challenge the status quo and bring to life new ideas. One such corporate is Singapore-headquartered DBS… Read more »
