banks

Feb
15

Peppermint collaborates with BancNet on Mobile Banking

Peppermint Innovation Ltd (ASX:PIL) advises it has teamed up with BancNet to provide their mobile banking technology and services that facilitate electronic fund transfers (EFT’s) in real time to BancNet member outsourcing banks. BancNet is the Philippines single Automated Teller Machines (ATM) switch operator connecting the networks of local and offshore banks. It is a […]

By Australian FinTech | Banking . FinTech . Payments
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Feb
15

Listed Aussie fintech iSignthis acquires 100% of Lithuania’s Baltic Banking Service

iSignthis Ltd (ASX: ISX | FRA: TA8) announces that it has acquired 100% of the share capital of UAB Baltic Banking Services. BBS is located in Lithuania, and has developed specialised banking software that allows rapid connectivity to the SEPA Core and SEPA Instant networks, together with the development of specialised core banking modules on […]

By Australian FinTech | Banking . FinTech
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Feb
15

JPMorgan Chase to create digital coin using blockchain

JPMorgan Chase plans to launch its own digital coin, called “JPM Coin”, that customers will be able to use for instant transfer of payments over a blockchain network. The largest US bank by assets said customers, on depositing money at the bank, will be issued the cryptocurrency that can be used for transactions over the […]

By Reposted by Australian FinTech | Banking . Blockchain . Currency . FinTech . Payments
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Feb
14

Shadow banks swoop as five lenders quit sub-prime home loans

Digital home-loan lender Tic:Toc is launching into the sub-prime mortgage market targeting small business owners as five other lenders quit the sector claiming “industry changes”. Tic:Toc’s move follows stakes being taken in the online lender by Genworth Mortgage Insurance Australia and La Trobe Financial, which is part of the US investment giant Blackstone Group. Other […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending . Mortgage
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Feb
13

How the Banking Royal Commission will affect the auto-financing industry

The recent release of the banking royal commission’s interim report has highlighted that responsible lending practices need to be extended to the auto-finance industry. The implications of this for entities making car loans is significant as 90% of all car sales are currently arranged through finance, many of which have fallen short of responsible lending […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending
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Feb
12

UBank launches AI mortgage application assistant

A new artificial intelligence-powered mortgage application assistant will soon be able to answer customer questions in natural language, UBank has announced. UBank has revealed that its new AI-powered digital home loan application assistant, called Mia (short for My Interactive Agent), will start answering more than 300 common customer questions in real time from late February. […]

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

CBA plugs 500,000 customers into Apple Pay in just two weeks

The Commonwealth Bank of Australia’s backflip on its longstanding Apple Pay boycott has paid off in spades, with more than half a million people flocking to the new payment service just two weeks after it was made publicly available to customers. The stampede of iPhone users is so big it has boosted the CBA’s total […]

By Reposted by Australian FinTech | Banking . FinTech . Payments
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Feb
07

Neo-lender Wisr sees increase in banking defectors amid Banking Royal Commission

Neo-lender Wisr (ASX:WZR) has launched a bold new campaign targeting disillusioned customers of big banks, following the Hayne Royal Commission handing down its findings into consumer lending practices. The ‘Australia’s Getting Wisr’ campaign taps into the prevailing sense of unfairness that Australians feel towards the big banks and how customers can make smarter choices when […]

By Australian FinTech | Banking . Borrowing . FinTech . Lending
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