ANZ in global banking consortium to digitise trade finance
ANZ Banking Group has joined forces with six global banking giants to create the “Trade Information Network”, which the lenders say will accelerate the digitisation of traditionally paper-based processes to unlock billions of dollars of funding for global exporters. “The network has the potential to transform international trade,” the banks said in a media release issued on Thursday, ahead of its official unveiling at the massive Sibos conference in Sydney on Monday. The other members of the new network are: Banco Santander, BNP Paribas, Citi, Deutsche Bank, HSBC and Standard Chartered. The banks want to develop a new industry standard for trade finance, which has been in a challenging period […]
Lendi announces co-major sponsorship of the West Coast Eagles
Online home loan platform Lendi, has announced a new partnership as co-major sponsor of 2018 AFL premiership winner, the West Coast Eagles Football Club.
New ‘sandbox’ to help fintechs compete for real-time payments
Start-ups seeking to develop services for the new, real-time payments system will be able to test their capabilities via a new “sandbox” created by its governing body NPP Australia and Swift, the network of global banks that helped build the infrastructure. The new test environment – which will allow connections with the “new payments platform” (NPP) via “application programming interfaces” (APIs) – comes after criticism from the Productivity Commission in August that access to the big bank-built system is inadequate. To encourage more competition, NPP Australia introduced a new “NPP API Framework” earlier this month. Its CEO, Adrian Lovney, said the NPP has been designed to be inclusive and “open […]
Verrency accelerates global expansion as the first FinTech to be selected into Plug and Play Fintech programs in three different countries
Verrency have announced expansion into Germany and another selection into Plug and Play’s prestigious Fintech Program. Verrency has been selected for Plug and Play’s accelerator programs in the Silicon Valley, Singapore and now in Frankfurt, Germany as the company extends its global reach in the FinTech market. Thousands of start-up companies apply to Plug and Play’s accelerator programs each year before being thoroughly reviewed by Plug and Play executives and their corporate Financial Institution partners. Only a handful get the opportunity to participate in the accelerator. Verrency has passed this test three times in three different countries. “It is wonderful to see Verrency thrive and it’s nice to have a […]
Gobbling up your bills one at a time: how startup Gobbill is automating bill payment through AI
So, here’s an idea: imagine a digital financial assistant powered by artificial intelligence that digitises your bills and schedule payments, all whilst checking for fraud. Pretty cool, right? That’s what Gobbill, a fintech startup that automates bill payments for small businesses and households does. But that’s not all. Shendon Ewans, CEO and Co-Founder of Gobbill, says, “You can link any Australian bank account, and it will debit that account, so you don’t have to tell every biller your bank account details. Essentially, the product allows you to centralise your direct debits in one place.” In addition, the ability to pay your bills in cryptocurrency will be coming soon thanks to […]
Identitii lists on ASX
Identitii Limited (ASX: ID8), an Australian FinTech enabling the secure overlay of transaction level detail on top of financial messages using a private blockchain, commenced trading on the ASX today at 11.00am AEDT. The listing follows a fully underwritten $11 million raising at $0.75 per share. 14,666,666 shares were issued for an undiluted market capitalisation at listing of $40 million. The Company is also pleased to announce the appointment of Clare Rhodes as Chief Marketing Officer and Mark Garvie as Chief Commercial Officer. Funds raised from the IPO will go towards further development and commercialisation of Identitii’s platform, already in use at a global bank, as well as to appointing […]
Nimble checks in with QPC for Genesys PureCloud customer experience deployment
QPC, the specialist contact centre services and solutions company, has been awarded a contract to deploy and support the Genesys™ PureCloud™ all-in-one cloud customer engagement and collaboration contact centre platform at Nimble, a leading national online personal financial loans company. Based out of Melbourne and the Gold Coast, Nimble has provided over 1.4 million loans. The company provides customers with decisions on loan approvals within minutes of a submitted application across any device. The decision to deploy PureCloud is part of a company-wide strategy to transition to a digital business and replace its legacy IT infrastructure with cloud technology to better service the changing behaviour of its customers who increasingly […]
Australian FinTech partners with Digital Surge, Brisbane’s first Digital Currency Exchange Platform
Australian FinTech is excited to announce its official partnership with Digital Surge, Brisbane’s first digital currency exchange platform.
