DriveWealth partners with Verrency to offer consumers access to a new savings and investing strategy
Digital brokerage solution provider DriveWealth has joined forces with Australian global payments innovator Verrency. The partnership will enable DriveWealth to deliver its ground-breaking fractional share investment platform to a new segment of consumers. As a result of the agreement between the two companies signed today at Money20/20 in Las Vegas, shoppers who have a debit […]
Irish FinTech company PerfectCard confirms its sale to Australia’s EML for €6m
Irish FinTech company PerfectCard has been sold to Australian payment solutions provider EML Payments in a €6m (A$9.5m) deal. PerfectCard provides incentive and corporate expense solutions including PerfectIncentive and the recently-launched Pecan Expense. The acquisition will result in the expansion of PerfectCard in Ireland, with plans to increase the number of full-time employees over the […]
Westpac launches ‘designer’ wearable payments accessories
The bank has made payment-enabled keychains, silicon tags, and some pins available, but there’s still no sign of Apple Pay. Westpac has announced the availability of “Centsitive Objects” on Wednesday, touted by the bank as a range of “designer” wearable payment-enabled accessories. Instead of just plugging into devices manufactured by others, Westpac launched its own […]
Cross-border payments set for ‘unprecedented change’
The cross-border payments industry is seeing levels of “unprecedented change” globally, including in regulation, where Australia is struggling to keep apace despite the competition watchdog’s probe into the $9 billion foreign currency transaction market. That’s the view of OFX chief executive Skander Malcolm who identifies three themes dominating cross-border payment, including that a larger number […]
New ‘sandbox’ to help fintechs compete for real-time payments
Start-ups seeking to develop services for the new, real-time payments system will be able to test their capabilities via a new “sandbox” created by its governing body NPP Australia and Swift, the network of global banks that helped build the infrastructure. The new test environment – which will allow connections with the “new payments platform” […]
Verrency accelerates global expansion as the first FinTech to be selected into Plug and Play Fintech programs in three different countries
Verrency have announced expansion into Germany and another selection into Plug and Play’s prestigious Fintech Program. Verrency has been selected for Plug and Play’s accelerator programs in the Silicon Valley, Singapore and now in Frankfurt, Germany as the company extends its global reach in the FinTech market. Thousands of start-up companies apply to Plug and […]
Gobbling up your bills one at a time: how startup Gobbill is automating bill payment through AI
So, here’s an idea: imagine a digital financial assistant powered by artificial intelligence that digitises your bills and schedule payments, all whilst checking for fraud. Pretty cool, right? That’s what Gobbill, a fintech startup that automates bill payments for small businesses and households does. But that’s not all. Shendon Ewans, CEO and Co-Founder of Gobbill, […]
NAB backs smart receipts start-up Slyp started by ex-PayPal and ANZ execs
A smart receipts start-up co-founded by two former PayPal executives and an ANZ executive, Slyp, has raised $2 million in funding from some of the country’s most significant fintech funds. NAB Ventures and Westpac’s Reinventure have both backed the company in its latest raise, as it aims to “not just digitise receipts, but bring them […]
