World FinTech Report 2020: FinTech collaboration is even-more essential now for banks to achieve customer-centricity
Capgemini Australia has launched its annual World FinTech Report for 2020, examining how FinTech collaboration is even more essential for banks to thrive.
Lakeba Group makes three executive hires as it bolsters its ranks to capitalise on the Fourth Industrial Revolution
Lakeba Group continues to successfully conceive, create and commercialise technologies for the Fourth Industrial Revolution.
AI-powered, challenger neobank Douugh announces a strategic investment from one of Japan’s leading financial services companies, Monex Group, Inc.
Rather than picking a single problem and solving it, Australian technology company Lakeba Group is hedging its bets, using AI to unearth a range of business opportunities, commercialising the underlying technology components as well as applying it to industry-specific use cases. So far the Manly-based company has identified seven commercial ventures, including the Shelfie, a joint venture with Microsoft, and Paid By Coins, a payment service that lets users pay their bills with cryptocurrencies, which Mobecom recently acquired a 80 per cent stake in for $6 million. Giuseppe Porcelli, Lakeba Group CEO, spoke to Which-50 about how the company approaches innovation and commercialising its ideas. Lakeba Group’s neural network is […]
Australia’s leading marketplace lender, SocietyOne, and Australasia’s largest family owned mortgage brokerage, Loan Market Group, have joined forces in a new partnership through which Loan Market will distribute SocietyOne personal loans. The partnership indicates a growing trend of brokers embracing alternative lenders in the wake of the banking Royal Commission, according to SocietyOne, as consumers are increasingly requesting banking alternatives in order to access a better deal. “The Royal Commission has uncovered a large number of issues within the consumer lending market, and both brokers and their retail customers have been equally exposed to the publicity surrounding this,” said Mark Jones, CEO of SocietyOne. “This has driven many brokers to […]
Microsoft will push its artificial intelligence technology deeper inside banks and use its membership of the RegTech Association to show regulators how AI could improve bank compliance to respond to problems exposed by the banking royal commission. Microsoft has just joined the RegTech Association, an industry group driving collaboration between banks, government and start-ups, as the technology giant increases the focus on regulatory compliance applications available on its Azure cloud services. Duncan Taylor, director of financial services at Microsoft, said its artificial intelligence technology could allow banks to identify transactions or advice in breach of ever more complex and onerous laws and regulation. It wants to become a bridge between […]