banking

Dec
17

The rise of non-banks

Non-bank lending reached an 11-year high in September 2018, and the share of broker originated loans with non-majors and their affiliates increased by almost 3% in the January to March quarter. Capitalising on the trend private equity firms from across the world are now looking for a foot in the door, with a number of […]

By Reposted by Australian FinTech | Banking . FinTech
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Dec
17

CBA to turn on Apple Pay in January

Commonwealth Bank of Australia will share a slice of its transaction revenue with the world’s largest company, Apple, after relenting to customer demand and agreeing to turn on Apple Pay in January, a move which indicates the technology giant has the upper hand in the battle to control smartphone digital wallets. More than two-and-a-half years […]

By Reposted by Australian FinTech | Banking . FinTech . Payments
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Dec
14

Up launches conversational payments

Up, the digital banking platform that went live in October 2018, has today launched conversational payments in app for customers. An Australia first, the experience will bring functionality on par with the United States, Europe and China, where Venmo, SquareCash and WeChat Pay have significantly altered and improved customers’ payment experience. Up’s Chief Imaginer, Anson […]

By Australian FinTech | FinTech . Payments
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Dec
12

Fintech joins express loans partnership

A digital mortgage service fintech has announced it will join a partnership to create fast, paperless home loans. Tic:Toc and Bendigo Bank announced recently they would be teaming up to offer “express” loans. Now, legal fintech LeadPoint, which specialises in providing automated home loan documentation, has announced it would join them. The group has generated […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending . Mortgage
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Dec
12

Australian fintech Ignition forms multi year multi million dollar partnership with tier one bank

Bank of Ireland’s Seán Ó Murchú joined Manish Prasad and Alan Quinlan from Ignition Advice in today launching a new digital advice platform for Irish consumers. Seán Ó Murchú, Director, Wealth Advice and Distribution at Bank of Ireland, said, “Creating a single, digital advice platform will have a transformational impact on the Irish market,”. Ignition […]

By Australian FinTech | Banking . FinTech
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Dec
11

Assembly Payments rolls out Westpac partnership while announcing international expansion

Leading Australian fintech Assembly Payments has today announced the next stage in its partnership with Westpac and its international expansion. Assembly’s Westpac partnership has seen its unique in-store solution approved by POS companies serving more than 50% of Australian retailers. The solution, which supports Westpac’s Presto payment device, was highlighted by Westpac CEO Brian Hartzer […]

By Australian FinTech | Banking . FinTech . Payments
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Dec
11

Fintech player Douugh scores MasterCard partnership

Australian fintech start-up Douugh has scored a new partnership with MasterCard, joining forces to launch a smart bank account with a debit card from the global payments giant. Douugh, which was founded by SocietyOne’s Andy Taylor, has created a personal financial assistant utilising artificial intelligence. But the start-up does not intend to become a bank, […]

By Reposted by Australian FinTech | Banking . FinTech
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Dec
07

Banks will assess loans using real spending data: Basiq

A start-up backed by Westpac and National Australia Bank has developed software to read bank account data and automate the loan assessment process for banks, allowing them to base lending decisions on actual customer spending rather than relying on estimates and indexes. Basiq’​s system is being used by Regional Australia Bank, whose chief risk officer […]

By Reposted by Australian FinTech | Banking . FinTech . Lending
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