AI and big data knocks $36.4b off payments fraud
Visa’s Asia-Pacific head of risk, Joe Cunningham, said the vast majority of fraud on payments cards worldwide was now taking place in e-commerce.
New neobank to list on the ASX and challenge the Big 4 ASX banks
Neobank Douugh is looking to list on the ASX, which would mean it would be the first neobank to hit the Australian Stock Exchange boards.
Personalisation to drive future wealth management
Wealth managers believe delivering more customised services to clients is essential to stay competitive, but a third are unable to deliver personalisation
Fintech unicorn rewrites forex rules to snag big bank profits
The struggles of a speciality coffee shop run by two budding entrepreneurs in Melbourne lie behind the success of Airwallex, Australia’s newest unicorn.
HUB24 confirms ScoMo bounce for investment activity
HUB24 is surfing an uptick in the flow of funds on the back of the election result, as the firm looks for new ways to service financial advisers
Aus ETFs near $50bn
ETFs were also reported to reach a record in terms of trading value, with more than $4 billion of value traded over the month for the first time.
Apple may be prepping to turn your iPhone into a crypto wallet
Apple is likely preparing to let iPhone owners turn their devices into hardware wallets that allow them to store and use bitcoin and other cryptocurrencies
Visa, Uber and PayPal are reportedly backing Facebook’s Cryptocurrency
The WSJ reports that among those that bought into Facebook’s cryptocurrency are Visa, Mastercard, PayPal, Uber, Stripe, Booking.com and MercadoLibre.
