banks

Oct
23

Huge Sibos event shows surging clout of banking and fintech

More than 7000 global bankers have flooded into the International Convention Centre in Sydney on Monday for an unprecedented opportunity to download the latest cutting-edge thinking about global finance over the next four days. And by the looks of hundreds of booths representing the world’s biggest banks in the vast exhibition hall – which are […]

By Reposted by Australian FinTech | Banking . FinTech
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Oct
23

ANZ CEO Shayne Elliott says technology will kill the banking oligopoly

Rapid technological disruption will break apart the Australian banking oligopoly and overturn the universal banking model that has underpinned big bank profits for decades, the chief executive of ANZ Banking Group told thousands of global bankers on Monday. In order to thrive in an uncertain future, banks will need to partner more with start-ups and […]

By Reposted by Australian FinTech | Banking . FinTech
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Oct
22

Westpac launches ‘designer’ wearable payments accessories

The bank has made payment-enabled keychains, silicon tags, and some pins available, but there’s still no sign of Apple Pay. Westpac has announced the availability of “Centsitive Objects” on Wednesday, touted by the bank as a range of “designer” wearable payment-enabled accessories. Instead of just plugging into devices manufactured by others, Westpac launched its own […]

By Reposted by Australian FinTech | Banking . FinTech . Payments
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Oct
22

Neobank Revolut to launch in Australia, 20,000 on waiting list

“I never want Revolut to be referring to itself as a bank,” says its head of marketing, Chad West. “We are an alternative to a bank. We are completely different.” Revolut, headquartered in London, was only founded three years ago; it now has over 3 million customers in Europe, a number that has doubled over […]

By Reposted by Australian FinTech | Banking . FinTech
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Oct
18

ANZ in global banking consortium to digitise trade finance

ANZ Banking Group has joined forces with six global banking giants to create the “Trade Information Network”, which the lenders say will accelerate the digitisation of traditionally paper-based processes to unlock billions of dollars of funding for global exporters. “The network has the potential to transform international trade,” the banks said in a media release […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending
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Oct
16

NAB backs smart receipts start-up Slyp started by ex-PayPal and ANZ execs

A smart receipts start-up co-founded by two former PayPal executives and an ANZ executive, Slyp, has raised $2 million in funding from some of the country’s most significant fintech funds. NAB Ventures and Westpac’s Reinventure have both backed the company in its latest raise, as it aims to “not just digitise receipts, but bring them […]

By Reposted by Australian FinTech | Banking . FinTech . Investing . Payments . Venture Capital
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Oct
16

UP Bank launch

October 9th 2018 will go down in history as the day Australian Banking stepped into the future, with the official launch of Australia’s first Next Gen banking app.  UP is a partnership between Australia’s 5th largest bank, Bendigo and Adelaide Bank, and Ferocia, the software team behind Bendigo’s award winning banking platform. Tier One People […]

By Reposted by Australian FinTech | Banking . FinTech
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Oct
15

The peril and promise of open banking

By Trade Ledger’s Martin McCann It seems an age since then-Treasurer Scott Morrison called on the open banking sector to not “stuff it up” at the annual FinTech Awards shortly before he became Prime Minister. Now the music has stopped and we have a PM who has proven he is not a luddite. But what […]

By Reposted by Australian FinTech | Banking . FinTech
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