What open banking will look like for consumers
Basiq, a NAB Ventures, Salesforce Ventures and Reinventure backed open banking platform, reveals their first version of their CDR Consent Experience.
Neobanks cast spotlight on big banks’ dubious practices
Australian neobanks have seen more than half a billion dollars in household deposits flow into their accounts since their launch.
Assembly Payments and Standard Chartered join forces
Australian fintech company Assembly Payments has joined forces with British multinational bank Standard Chartered to launch a new ecommerce payments company
CDR Rules formalise open banking data standards
CDR is designed to improve transparency and access to customer data by making it easier to switch bank accounts, credit cards, and other products.
X15 Ventures launches Vonto app for small business
Vonto is a new and free mobile app that provides personalised insights and ideas to keep small businesses moving in the right direction.
Banks risk loss of US$3 billion in payments revenue to digital payments growth, non-bank competitors
Australian banks are at risk of losing US$3 billion in payments revenue by 2025 due to the growth of digital payments and competition from non-banks.
Big four bank customers flock to Xinja, deposits exceed $100m
More than half of Xinja’s deposits have come from Australia’s big four banks, a very strong signal that consumers are keen to embrace digital banking.
No ‘passive’ stakes for CBA in new fintech push
CBA hopes to get the edge on rivals by launching 25 new fintech businesses over the next five years via the bank’s new fully-owned fintech entity named X15.
