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 […]
Keeping up with data in the financial landscape of the future
By Scott Hubbard, Managing Director ANZ, MapR Changing consumer behaviour and the growing need for customer centricity are reshaping the banking and financial services industry (BFSI), however underpinning this is data and applications. We are now living in a world where a massive amount of data is being generated by an increasing number of […]
Aussie-founded fintech Banked secures $2.7 million in seed funding, to launch open banking data solution
An Aussie-founded fintech, based in London, has secured £1.5 million ($2.66 million) in seed funding, while it’s still pre-product, pre-revenue, and less than a year old. Founded in early-2018 by Australian native and chief executive Brad Goodall, along with co-founders Neil Ambler, Patrick Cox and Ellen Fernandes, Banked aims to open up the possibilities of […]
Priviti is a finalist in Westpac’s Innovation Challenge as Australia prepares for data privacy legislation
Selected as one of five finalists, Priviti’s patented consent management solution gives users greater control over how their data is shared and mitigates companies’ compliance and reputational risk amid growing data privacy concerns. Australian bank Westpac has announced that Priviti is one of five finalists for its 2018 Innovation Challenge, an initiative that gives startups […]
Data Republic launches world first technology for privacy-preserving data matching
Data Republic, Australia’s leading data sharing governance platform, today announced the launch of Senate Matching, a new de-identification and privacy-preserving data matching feature for users of Data Republic’s Senate platform. In today’s digital environment, data matching is the engine which drives everything from loyalty programs, to credit scores, fraud prevention and providing online customer service. […]
Accenture launches Innovation Centre for Risk and Compliance in Australia
Accenture has launched a new Innovation Centre for Risk and Compliance in Sydney to help financial services clients quickly develop and scale advanced data, analytics and artificial intelligence (AI) capabilities. With financial services organisations facing an increasingly complex and challenging operating environment, the new innovation centre will help these institutions cost effectively improve the quality […]
OpenMarkets announces agreement with Agility Applications to support growth agenda
Digital trading platform OpenMarkets has announced an agreement with Agility Applications to provide a suite of technology solutions and services centred around comprehensive data management infrastructure, APIs and middleware. Agility, which is part of the HUB24 group, provides a broad range of market-leading data integration, technology solutions and delivery services to brokers and wealth management […]
Open banking: risk and opportunity
The imminent open banking scheme presents huge opportunities for Australian FinTechs, but comes with some very real risks, SocietyOne chief executive Mark Jones said. The peer-to-peer lender recently hit $500 million in lending, a record for an Australian company, and with open banking, a comprehensive credit reporting scheme and the Royal Commission driving customers away […]
