banking

Mar
15

UBank launches world’s first consumer Green Term Deposit certified by the Climate Bonds Initiative

UBank is now offering Australians with a sustainable way to invest with today’s launch of the world’s first Green Term Deposit in the customer space certified by the Climate Bonds Initiative (CBI). UBank’s Green Term Deposit is matched to a portfolio of renewable energy projects such as wind and solar power, and low carbon transport […]

By Australian FinTech | Banking . FinTech . Investing
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Mar
13

Identitii commences phase two with HSBC

Identitii Limited (ASX:ID8), the FinTech company enabling banks and corporates to securely exchange intelligent information in real-time, is pleased to announce further engagement with global tier one bank, HSBC Global Services (UK) Limited. Following the successful completion of phase one of its project with HSBC, a customer since 2017, Identitii has commenced work on phase […]

By Australian FinTech | Banking . FinTech
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Mar
13

PayPal now lets US users instantly transfer funds to bank accounts in seconds

PayPal, a longtime alternative to the direct use of cards, cash and bank transfers to make payments for goods online and in stores, is today adding a new feature to help it tap into a wider range of customers, such as gig economy workers and use cases — in competition not just against banks (and […]

By Reposted by Australian FinTech | Banking . FinTech . Payments
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Mar
12

Digital bank Volt eyes business customers as fintechs chase data

Neobank Volt has small business in its sights as it develops data-driven products, acknowledging that startup founders are the most likely to take up digital banking options first. The startup, which secured a fully fledged banking licence in January and is preparing to launch a consumer offer in coming months, joins other financial technology firms […]

By Reposted by Australian FinTech | Banking . FinTech
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Mar
08

Fintech investment doubled while Australian banks hammered

Investment in financial technology startups more than doubled last year while Australian banks came under intense public scrutiny for their treatment of customers. Globally, fintechs managed to attract US$26.7 billion investments in the 2017-18 year, which was 107 per cent more than the year before, according to Accenture analysis of CB Insights data. The increase […]

By Reposted by Australian FinTech | Banking . FinTech . Investing
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Mar
07

Power has shifted from banks to consumers: Bendigo Bank MD

A fundamental change in banking has occurred in a relatively short period of time: power has shifted from large financial institutions to consumers. In response, banks need to rethink how they serve their customers. That’s the view of Marnie Baker, managing director, Bendigo and Adelaide Bank. “The times are gone now where the power sits […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending . Mortgage
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Feb
28

The Banking Royal Commission’s final report: How Basiq can help

With the release of the banking royal commission’s final report, it is clear that responsible lending remains a key concern within the financial services industry. Basiq’s Affordability API can ensure that lenders are carrying out efficient and responsible lending based on high-quality data. In response to lending concerns banks have adopted more stringent serviceability assessments […]

By Reposted by Australian FinTech | Banking . FinTech
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Feb
27

St.George customers can now use Google Pay to withdraw cash

St.George, BankSA and Bank of Melbourne customers can select cheque or savings when using Google Pay to withdraw cash at the checkout. EFTPOS has today announced it’s expanding its service to Google Pay with St.George, BankSA and Bank of Melbourne. The partnership means that customers of these participating banks can use Google Pay on their […]

By Reposted by Australian FinTech | Banking . FinTech
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