banking

Feb
27

Identitii joins BIAN to help banks digitise information exchange using Blockchain

Identitii Limited  (ASX: ID8), an Australian FinTech enabling the secure overlay of transaction-level detail on top of financial messages using a private blockchain, is pleased to announce it has joined the Banking Industry Architecture Network (BIAN). BIAN is a collaborative network of leading banks including ABN-AMRO, Nomura, Commonwealth Bank, Rabobank, Société Générale and UBS. In […]

By Australian FinTech | Banking . Blockchain . FinTech
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Feb
25

The royal commission sparked anger at the big banks. Bitcoin’s not the only alternative.

In the wake of the banking royal commission, many people are fed up with the big institutions, and are hunting for alternatives. But the growing number of options — everything from stashing your money under the mattress to investing in cryptocurrency or switching to a credit union — can be pretty overwhelming. And if you’re […]

By Reposted by Australian FinTech | Banking . Bitcoin . FinTech
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Feb
25

Telstra and CBA partner on 5G banking trials

The Commonwealth Bank of Australia is kicking off trials of 5G banking and edge computing thanks to a partnership with Telstra and Ericsson announced at Mobile World Congress (MWC) 2019. Under the collaboration, Telstra, CBA, and Ericsson will test “end-to-end banking solutions over 5G” during the next few months, the companies told media on Sunday […]

By Reposted by Australian FinTech | Banking . FinTech
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Feb
22

Apple Pay goes plastic: Goldman Sachs and Apple partner on new credit card launch

The Apple and Goldman Sachs joint credit card could be hitting the market soon. After announcing last year that the tech giant and Wall Street firm would be launching an Apple Pay credit card, the Wall Street Journal reports that employee testing of the product should begin within the coming weeks. Both companies are looking […]

By Reposted by Australian FinTech | Banking . FinTech . Payments
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Feb
21

40-50 banks expected to use Stellar (XLM) use in coming months

Put Tuesday 1.40am (UTC) on 19 March in your calendar of major Stellar Lumens events. Speaking to Finder at IBM Think 2019, IBM head of blockchain Jesse Lund revealed that 40-50 banks are expected to join the Stellar-based IBM World Wire service in the near future. “We’ve got a launch announcement coming out soon… we’re […]

By Reposted by Australian FinTech | Banking . Currency . FinTech
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Feb
21

FinTech opportunities to come from Australia’s Royal Commission

Australia is currently holding a Royal Commission into the banking sector and it’s fair to say that what has been uncovered so far has rocked both the public, the industry and policy makers alike. The Royal Commission has uncovered a culture of big business not acting in the best interests of their customers, which appears […]

By Reposted by Australian FinTech | Banking . FinTech
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Feb
20

Trust deficit means fintechs will fly

Leading fintech founders believe the fallout from The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry is a great opportunity for them to wrest market share from the major banks. They believe their existing focus on customers is a serious competitive advantage they can exploit as mainstream financial services businesses reposition […]

By Reposted by Australian FinTech | Banking . FinTech . Insurance . Robo-Advice
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Feb
19

Fintechs are ready and waiting for Australia’s open banking framework

The Consumer Data Right bill has been introduced to parliament. The national association for Australia’s fintech startup community FinTech Australia, as well as its members, have welcomed the progress of Australia’s Consumer Data Right bill. The bill was introduced to parliament by Federal Treasurer Josh Frydenberg and gives Australians control over the use of their […]

By Elizabeth Barry | Banking . FinTech
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