ETP inflows soar during COVID-19
The ETP industry experienced inflows of over $1.07 billion in April, with half that investment directed at Australian equities, according to VanEck.
Ex-Westpac execs raise $33m for home loan fintech
Two former Westpac executives have unveiled a fintech competitor to established home loan providers, with a bumper $33 million first funding round.
CBA invests in Slyp to drive digital receipts
Commonwealth Bank has joined the other big banks as an investor in start-up Slyp, a provider of digital receipts which can help to eliminate paper receipts
Blockchain to secure contactless payments
Blockchain, which keeps track of all transactions, makes an excellent tool for financial services, particularly contactless payments.
Neobank enhances mortgage offering
Australia’s first ‘smartbank’ 86 400 has announced a range of enhances to its digital mortgage products distributed exclusively through brokers.
How China’s digital currency works
Using China’s digital currency could look a lot like other popular mobile payment apps like Apple Pay or Google Pay.
JobKeeper package could now offer relief to pre-revenue startups
The government’s wage subsidy package may offer support to pre-revenue startups, with the government indicating there will be alternative eligibility tests.
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.
