Investment platform records over double trading volume amid crisis
Investment platform Xplore Wealth saw two to three times its normal level of trading in March, as investment managers repositioned their portfolios.
APRA closes the door on new banks
The Australian Prudential Regulation Authority (APRA) has suspended the issuance of any new banking licences for “at least six months”.
Leaked pics reveal Google smart debit card to rival Apple’s
Would you pay with a “Google Card?” The Google card and associated checking account will allow users to buy things with a card, mobile phone or online.
Timing couldn’t be better for Open Banking
The impact of Open Banking, and the wider Consumer Data Right has the potential to be one of the most significant reforms in recent history.
Libra crypto gets revamp
Facebook’s Libra cryptocurrency will now be available as a single-currency stablecoin, assuaging some of the concerns of regulators.
Big Four banks under pressure to drop digital debit fees
Australia’s Big Four banks may have paused payment terminal rental fees for businesses shuttered by COVID-19, but a fresh battle has broken out.
Western Union looking into Ripple for cross-border payments
International money transfer firm Western Union is studying and deliberating the “payments-as-a-service” (PaaS) model that Ripple currently implements.
Access to credit critical to small business survival: Ombudsman
The Australian Small Business and Family Enterprise Ombudsman welcomes the decision to provide some non-bank lenders with access to the SME Guarantee Scheme
