Praemium reports 42% pre-tax profit increase
ASX-listed fintech Praemium has reported a 42% increase in pre-tax profit from $5.4 million to $7.7 million during FY2020.
Effi unrolls AI-powered bot for brokers
Fintech Effi has gone live with an AI-powered tool to help brokers reduce lead conversion times and streamline interactions with customers.
Are bank branches becoming a thing of the past?
A survey by JD Power showed that 27% of respondents indicated in the survey that they would use bank branches less often.
APRA to recommence issuing new banking licences
APRA has announced it will resume issuing new banking licences in September, after having instituted a temporary pause on doing so in April of this year.
Fintech Credit Clear readies IPO launch
Fintech Credit Clear would raise up to $15 million for the IPO, which implied a $65 million pre-money valuation for the start-up.
RateSetter rebrands to ‘Plenti’
RateSetter Australia has rebranded to Plenti as part of a broader move to ramp up the next phase of growth for the company.
Facebook is reportedly expanding its banking ambitions with a new division that will run all of the tech giant’s payment projects, including Facebook Pay
Facebook is launching Facebook Financial – or F2 – which will oversee all of the tech giant’s payments projects, including Facebook Pay.
Australian wealth managers are lowering costs due to robo-advisers
Australian wealth managers are feeling the pinch as robo-advice adoption rates are on the rise among wealthy investors and HNWI’s.
