banking

Jul
10

China unveils central bank digital currency plans, sparked by Libra

China’s central bank digital currency is a go, China Daily reports. The program has been approved by the State Council and is now moving forward.

By Reposted by Australian FinTech | Banking . Currency . FinTech
DETAIL
Jul
08

Business bank Tyro considering ASX listing

Payments and banking company Tyro told investors this morning that it is considering an ASX listing in a brief statement posted online.

By Reposted by Australian FinTech | ASX . Banking . FinTech
DETAIL
Jul
04

ANZ, CBA, Westpac, Scentre, IBM form bank guarantee blockchain company

ANZ, CBA and Westpac, with Westfield shopping centre operator Scentre and IBM, are building a blockchain-based platform for bank guarantees called Lygon.

By Reposted by Australian FinTech | Banking . Blockchain . FinTech
DETAIL
Jul
04

Open banking faces delay due to data concerns

Open banking could be delayed after Labor said it was unlikely to pass the requisite legislation by the end of this month due to data concerns.

By Reposted by Australian FinTech | Banking . FinTech
DETAIL
Jul
03

Banks could implement an open banking solution in three months

Australia’s banks could implement a solution in three months that meets ACCC’s Open Banking pilot regime protocols and ASIC’s new responsible lending principles

By Australian FinTech | Banking . FinTech
DETAIL
Jul
03

Two new fintech players in lending and deposits

RBA data shows that approved deposit taking institutions (ADIs, mainly the banks) held $624 billion of deposits in term accounts as of April 2019

By Reposted by Australian FinTech | Banking . FinTech . Investing . Lending
DETAIL
Jul
03

Fintechs say bank claims are bulldust

Australian fintech companies are calling bulldust on bank claims that responsible lending proposals will be hard to implement, costly and inaccurate.

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending . Mortgage
DETAIL
Jul
02

The spectre of cryptocurrency is spurring banks into action

Goldman Sachs is weighing the idea of launching a cryptocurrency of its own, CEO David Solomon said late last week.

By Reposted by Australian FinTech | Banking . Bitcoin . Currency . FinTech . Investing
DETAIL