Australian neobanks face a sterner challenger than their UK equivalents did
Australian neobanks such as 86 400, Up and Volt, are trying to make dents in an extremely consolidated banking market dominated by the four major incumbents.
The “social-distancing-friendly” home loan
The home loan process at neobank 86 400 was crafted to be a “social-distancing-friendly solution” to brokers during this unprecedented time.
Tap and go payment limit increased to $200 to contain virus spread
Australian shoppers will soon be able to make purchases of up to $200 at the checkout using tap and go, as retailers try to stop the spread of the virus.
eBay adds BNPL capability with Afterpay partnership
From today, Australian shoppers can take advantage of Afterpay’s buy-now pay-later (BNPL) platform on online auction site eBay.
Fintechs eye $15b fighting fund as Judo bags cheque
Prospa, Zip and Flexigroup are among a group of fintechs considering applying for government support under a $15 billion structured finance fund.
Fintech veteran backs the young guns
Sydney based Cryptocurrency payments start-up, CryptoSpend have announced that Fintech veteran Andrew Porter has taken a minority stake in the business.
Microsoft wants to use your brain to mine for cryptocurrency
A recent patent application appears to suggest that Microsoft is working on a proof-of-work algorithm that uses brain waves to mine for cryptocurrency.
Senate fintech committee re-opens inquiry to focus on COVID-19 aftermath
On Friday, the Financial Technology and Regulatory Technology committee announced it would re-open submissions in direct response to the COVID-19 outbreak.
