Fintech

EML Payments releases Open Banking white-label digital wallet

- May 3, 2021 2 MIN READ

Brisbane fintech EML Payments (ASX: EML) has released a white-label digital wallet giving lenders and other fintechs great access to Open Banking as part of the Consumer Data Right. The digital wallet, Nuapay, combines Open Banking with personal finance management and payments in a customisable solution digital solution, in a partnership with fellow fintech Frollo.… Read more »

Funding

Consumer data platform Adatree raises $1.2 million seed round

- January 28, 2021 2 MIN READ

Consumer Data Right startup Adatree has raised $1.2 million in a seed round co-founder Jill Berry says was nearly three-times oversubscribed. Tyro Payment co-founder Peter Haig and the company’s chair, Kerry Roxburgh, led the round alongside Equity Seed, Kylie Frazer and Rachael Neumann of Eleanor Ventures, and bank executive Angus McBean. Equity Seed’s Mark Hutchins is… Read more »

Consumer Data Right

How Open Banking can fuel the rise of fintechs and neobanks

- January 6, 2021 4 MIN READ

Two areas that could soon dominate the Australian finance space are the increased success of the fintech industry and the movement toward the adoption of open banking. Interestingly, an ecosystem built on the security needs of banks for sharing consumer data will see fintechs become more intrinsically linked to the innovation opportunities open banking allows… Read more »

Fintech

4 months after Open Banking launched in Australia, a new report reveals the fintech sector is keen but struggling to get involved

- November 4, 2020 4 MIN READ

78% of survey respondents were familiar with Open Banking (CDR). 71% of industry respondents intend to use CDR, 58% of whom stating that they intend to use CDR data within the next 12 months 64% of banks and lenders, and 54.6% of technology providers plan to spend more than $500,000 54.2% of fintechs expect to… Read more »