Banking

Mar
18

Digital wallet payments surge on Apple Pay: CBA

The Commonwealth Bank says the number of digital wallet transactions has nearly tripled since it launched Apple Pay earlier this year, as strong growth in tap-and-go payments continues to displace cash. After CBA in late January became the second big four lender to offer the payment service — which allows consumers to make purchases by […]

By Reposted by Australian FinTech | Banking . FinTech . Payments
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Mar
15

UBank launches world’s first consumer Green Term Deposit certified by the Climate Bonds Initiative

UBank is now offering Australians with a sustainable way to invest with today’s launch of the world’s first Green Term Deposit in the customer space certified by the Climate Bonds Initiative (CBI). UBank’s Green Term Deposit is matched to a portfolio of renewable energy projects such as wind and solar power, and low carbon transport […]

By Australian FinTech | Banking . FinTech . Investing
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Mar
13

Identitii commences phase two with HSBC

Identitii Limited (ASX:ID8), the FinTech company enabling banks and corporates to securely exchange intelligent information in real-time, is pleased to announce further engagement with global tier one bank, HSBC Global Services (UK) Limited. Following the successful completion of phase one of its project with HSBC, a customer since 2017, Identitii has commenced work on phase […]

By Australian FinTech | Banking . FinTech
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Mar
13

PayPal now lets US users instantly transfer funds to bank accounts in seconds

PayPal, a longtime alternative to the direct use of cards, cash and bank transfers to make payments for goods online and in stores, is today adding a new feature to help it tap into a wider range of customers, such as gig economy workers and use cases — in competition not just against banks (and […]

By Reposted by Australian FinTech | Banking . FinTech . Payments
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Mar
12

Digital bank Volt eyes business customers as fintechs chase data

Neobank Volt has small business in its sights as it develops data-driven products, acknowledging that startup founders are the most likely to take up digital banking options first. The startup, which secured a fully fledged banking licence in January and is preparing to launch a consumer offer in coming months, joins other financial technology firms […]

By Reposted by Australian FinTech | Banking . FinTech
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Mar
08

Fintech investment doubled while Australian banks hammered

Investment in financial technology startups more than doubled last year while Australian banks came under intense public scrutiny for their treatment of customers. Globally, fintechs managed to attract US$26.7 billion investments in the 2017-18 year, which was 107 per cent more than the year before, according to Accenture analysis of CB Insights data. The increase […]

By Reposted by Australian FinTech | Banking . FinTech . Investing
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Mar
07

Power has shifted from banks to consumers: Bendigo Bank MD

A fundamental change in banking has occurred in a relatively short period of time: power has shifted from large financial institutions to consumers. In response, banks need to rethink how they serve their customers. That’s the view of Marnie Baker, managing director, Bendigo and Adelaide Bank. “The times are gone now where the power sits […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending . Mortgage
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Mar
01

Verrency extends its global reach with Banco Davivienda partnership to explore payment innovation services in Latin America

Banco Davivienda, one of Colombia’s largest banks, has signed an agreement with global payments innovator Verrency to be a launch partner in Latin America. The deal enables Banco Davivienda to leverage the Verrency platform to rapidly trial and launch new card programs, payment services and fintech partner solutions to its consumers and small business customers.Banco […]

By Australian FinTech | Banking . FinTech . Payments
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