Payments software scale-up DataMesh Group has raised $30 million in a Series A. The round was led by NAB Ventures, with new investors including Deutsche Bank, ANZ’s VC arm, 1835i Ventures, Wunala Capital, Fifth Estate and Peregrine Corporation. NAB Ventures previously backed DataMesh in late 2021 in a $12 million pre-Series A raise. The Sydney… Read more »
In another blow for the already crowded buy-now-pay-later (BNPL) sector, another major bank is getting into the space, with NAB announcing its own pay-in-four instalments offering. The bank’s opened pre-registration for customers today for the NAB Now Pay Later product They will be able to access up to $1,000, split purchases into four payments, use… Read more »
NAB is on the hunt for 500 tech interns as part of a recruitment drive that will see the big four bank employ 1,500 new tech people 2022. The NAB program is looking for people who are in early and emerging careers, as well as neuro-diverse candidates and those returning to work or transitioning careers.… Read more »
NAB has partnered with major banks in Canada, Brazil and the UK in a hunt for the greater fintech innovation. The Global Open Finance Challenge is a virtual event seeking entrepreneurs and startups with globally scalable solutions for open finance. NAB is part of the initiative with CIBC, Itaú Unibanco and NatWest Group. They’re looking… Read more »
Big four bank NAB has is introducing ‘smart receipts’ by Sydney fintech Slyp onto the bank’s mobile app in an Australian first. Slyp, founded three years ago by former PayPal and ANZ executives Paul Weingarth, Spiro Rokos, and Mike Boyd, already has the backing of the big four banks as investors, including NAB Ventures. The… Read more »
Big four bank NAB has launched the first bug bounty program for Australian banking in a partnership with crowd-sourced security company Bugcrowd. NAB will reward vetted security researchers who uncover previously undisclosed vulnerabilities in the bank’s tech environment. But to take part, you must have an ‘Elite Trust Score’ on the Bugcrowd platform. San Francisco-based Bugcrowd… Read more »
Big four bank NAB has responded to the growing popularity of buy-now-pay-later services among millennials eschewing credit cards, by introducing a “no interest” credit card that instead charges a monthly fee. The NAB StraightUp Card offers credit of up to $3000, and has a “no use, no pay” feature, meaning that if there’s a $0… Read more »
The National Australia Bank has signed a five-year deal with Microsoft enlisting the software giant’s cloud technology, Microsoft Azure, to co-design and develop the bank’s tech as the Big Four behemoth looks to catch the digital neobanks eating into its customer base. The partnership will see NAB Group, which includes BNZ, and Microsoft share development… Read more »
Accountancy software venture Xero has integrated accounts payable functions on its platform with Australia’s largest business bank in move the company is calling a game-changer. Australian businesses using Xero that have NAB internet banking will be able to instruct multiple bill payments at a time through Xero and approve their bill payments anytime, anywhere, directly… Read more »
Digital Shadows co-founder and CEO Alastair Paterson Big four bank NAB is backing a digital risk protection startup it’s already engaged with as a customer, leading a $10 million round for US-based Digital Shadows through its investment fund, NAB Ventures, alongside existing investors, including Octopus Ventures. Melissa Widner, Managing Director, NAB Ventures and David Fairman,… Read more »
National Australia Bank (NAB) has announced a collaboration with Chinese payment platform Alipay that will allow its merchants to take payments from customers via Alipay.
NAB Ventures, the venture capital arm of National Australia Bank (NAB), has joined investors including Elavon in backing smart payment terminal startup Poynt in a US$100 million ($139 million) Series C round
Former Commonwealth Bank executive Angela Clark has been appointed CEO of Beem It, the P2P payments app launched by a handful of banks earlier this year.
NAB has allocated a further $50 million in funding over the next two years to its venture capital fund NAB Ventures, bringing the total allocated to the fund until 2020 to $100 million.