banking

Jan
18

You want cash with that? ANZ plugs Apple Pay into eftpos

Millions of ANZ debit card holders will now be able to get cash out with over the counter Apple Pay transactions, after eftpos scored a massive win over the dominance of US credit card companies in smartphone payments. From today ANZ customers will get a new choice of picking cheque or savings for purchases made […]

By Reposted by Australian FinTech | Banking . FinTech . Payments
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Jan
18

Australians more reliant on bank apps than the UK

We’re checking our bank apps nearly 10 times per week. According to a new State of Mobile 2019 report from App Annie, an app analytics and app market data platform, Australians check their bank apps nearly 10 times per week while those in the UK managed just over seven times each week. The findings reveal […]

By Elizabeth Barry | Banking . FinTech
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Jan
17

Open banking quietly delayed

The much-anticipated launch of open banking in Australia has been quietly delayed by the federal government by eight months. On the last Friday before Christmas, a day typically used to “take out the trash” and make some unfavorable or unpopular announcements, Treasurer Josh Frydenberg put out a statement late in the afternoon revealing that the […]

By Reposted by Australian FinTech | Banking . FinTech
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Jan
17

Fintech trends and predictions for 2019

Fintechs are big, growing and are disruptive. Why wouldn’t they be when they are using innovative technologies making banking and financial services more efficient. So what are the predictors and futurists saying the landscape will look like in 2019 and beyond? Here’s a collection of some of the sources we think are on point! Bitcoin […]

By Reposted by Australian FinTech | Bitcoin . FinTech
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Jan
15

ANZ Bank buys into online mortgage broker Lendi

ANZ Banking Group has taken a strategic stake in online home loans platform Lendi. Street Talk understands ANZ paid close to $40 million for a minority stake, to become Lendi’s second largest strategic shareholder behind fellow Australian financial services giant Macquarie Group. Importantly for Lendi, which has 37 banks and lenders on its open home […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Investing . Lending . Mortgage
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Jan
15

HSBC used blockchain to settle $250B worth of trades

HSBC has settled $250 billion worth of forex trades using blockchain in the last year, it said on Monday, suggesting the heavily hyped technology is gaining traction in a sector until now hesitant to embrace it. The bank has settled over three million forex trades and made over 150,000 payments since February using blockchain, it […]

By Reposted by Australian FinTech | Banking . Bitcoin . Blockchain . Currency . FinTech . Payments
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Jan
11

Central banks say digital currency is definitely coming, crypto is maybe coming

Neither cash nor card looks like it will be king in the future. Uruguay, Sweden and emerging economies are among the countries most likely to implement digital currencies first. Most central banks don’t really know what’s going on with cryptocurrency usage in their countries, but believe it to be minimal. Central banks perceive more current […]

By Reposted by Australian FinTech | Banking . Currency . FinTech
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Jan
09

Millions looking to leave major banks

New research has found that over two million Australians are currently seeking new banking providers, with many currently customers at one of the big four. The research produced by Nielsen found that 2.1 million Australians are seeking new providers and 67 per cent of them are currently customers at one of the big four. The […]

By Reposted by Australian FinTech | Banking . FinTech
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