ACCC names its open banking testers
Ten fintech companies and start-ups have been chosen to test the open banking component of Australia’s consumer data right in the lead up to its launch.
Alt funders overtake banks
A new trend has emerged in the SME lending space, with Australian small businesses more likely to use non-bank funders to fund growth.
There are big changes to how your credit score is calculated. Here’s how they impact you
Big changes to how your credit rating is calculated are taking effect, with lenders able to access more information about your credit history than ever before.
Aussie FinTech Douugh introduces ‘Savings Jar’
FinTech Douugh is kicking off its visual “Savings Jar” feature as it widens the availability of its AI-assisted bank account with a Mastercard debit card
Government Message to The Banks: Stop Bleating and start engaging with FinTechs
Make no mistake, this is the year of FinTech. Is this the most tech friendly Australian Government ever?
Nonbanks poised to poach banks’ prime customers
The speed at which nonbanks operate is a key selling point, especially as compared to the “almost dysfunctional” speed to market capability of banks.
Salesforce makes an open banking move
Salesforce is seeking to exploit Australia’s “consumer data right”, investing alongside Westpac and NAB in open banking platform Basiq.
The ‘neo-banks’ that Australians are rushing to join
Two new neo-banks promising to shake up the way we manage our finances have burst into Australia’s otherwise stagnant banking market.
