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.
London-based Paysend launches global money transfer service in Australia
London-headquartered Paysend, an international funds transfer company, has confirmed the launch of its money transfer services in Australia.
Australia to focus on blockchain potential with new roadmap
The roadmap says blockchain has the potential to create jobs, create new economic growth, save businesses money, and improve the nation’s productivity.
Home-lending business to play second fiddle: Tic:Toc
Tic:Toc’s customer-facing home-lending businesses has experienced an 85% assessment efficiency improvement while also maintaining credit quality.
Xero launches enhanced Square integration in Australia
Xero announces it has enhanced its integration with Square to allow small-business invoices to be paid instantly and automatically recorded in Xero.
SocietyOne announces warehouse facility and $15m equity raise
Australia’s first and largest consumer marketplace lender, SocietyOne, has established a warehouse facility arranged by NAB, alongside a $15m equity raise.
GBG rolls out anti-fraud solutions to protect against financial crime
GBG has launched four fraud solutions including its flagship Instinct Hub as a platform solution in a bid to broaden the fight against financial crime.
Afterpay tells RBA it’s ‘not a payments system’
Afterpay has told the RBA it “should not be considered a payment system”, and its merchant fees need to be benchmarked against the much higher costs.
