Financial Services Tech and Business Leaders Split on whether Legacy IT is Delaying Digital Transformation
CIOs in the financial services industry believe legacy IT is a significant problem for their firms.
Bendigo and Adelaide Bank to acquire Ferocia to accelerate digital strategy and Up’s growth
Bendigo and Adelaide Bank has announced it will acquire Melbourne-based fintech, Ferocia, to further accelerate the Bank’s digital strategy and shape the future of banking for a new generation of customers. The acquisition will cement the enormously successful partnership between Ferocia and Bendigo and Adelaide Bank, uniting their collective innovation, heritage and matched capabilities to further grow a unique digital banking proposition. Powered by technology-led customer experience design and run by an internationally experienced team, the acquisition brings outstanding digital and technical expertise to the Bank, internalising Ferocia’s market leading digital capability and consolidating ownership of Up – Australia’s highest rating banking app. Up had previously operated under a collaboration […]
Fintech Committee asks for separate software R&D scheme for Australia
Adelaide fintech Tic:Toc powers Aussie’s move into online digital lending
Aussies invest more than $545 million in Raiz Invest during the pandemic
Max ID launches Australian-first digital technology that provides ‘safe harbour’ identity verification for property transactions in less than 10 minutes.
Max ID, an Australian Fintech facilitator and RegTech specialist, has today publicly launched a technology solution that it believes will bring a broad range of industry players a step closer to their aim of delivering simple, efficient and inexpensive same-day ‘safe harbour’ identity verification for mortgages and property services transactions. Financial institutions and non-bank mortgage lenders have long been endeavouring to provide intra-day, unconditional home loan approvals. There are a number of hurdles to achieving that outcome in Australia, including the requirement to conduct a face-to-face and in-person interview with the borrower to meet regulatory requirements. Until now that requirement has created a conflict between delivering regulatory ‘safe harbour’ outcomes, […]
Australia’s plans to embrace cryptocurrencies through progressive laws
When cryptocurrencies were designed, the idea of the government or its financial institutions meddling into the affairs of the digital currency were not envisioned. Indeed, cryptocurrencies like Bitcoin were designed to give users the freedom to transact without central regulation. It was probably not anticipated that these currencies would gain so much interest around the world. But since that has happened, the regulatory authorities have found it hard to stay away from the cryptos. Recent news has indicated that governments around the world are keen on easing the tension between the traditional perception institutions have had on cryptocurrencies. Some of the issues that are at the fore currently are how […]
The Hon Scott Morrison MP, Treasurer, confirmed as VIP Guest at the 3rd Annual FinTech Awards 2018
The 3rd Annual Australian FinTech Awards 2018 are delighted to welcome The Hon Scott Morrison MP, Treasurer, as the VIP Guest Speaker for the event. “We are celebrating the entrepreneurs creating and growing new businesses, creating jobs and taking their businesses to the world,” said Frost. “The FinTech Awards cover the whole eco-system, from Lenders to InsureTech, and recognize businesses as well as individuals, with Awards such as CIO/CTO Of The Year, Female FinTech Leader of The Year, and FinTech Leader of The Year,” said Frost. There are 12 award categories = http://fintechawards.net/ Date: 1st August 2018 Venue: The Ashurst Ballroom, Level 9, 5 Martin Place, Sydney, NSW 2000 Contact: […]
