Heritage and People’s Choice appoints Penny Iverach as head of technology integration
Iverach will develop and lead the newly merged organisation’s tech integration roadmap.
Australasia
The latest fintech news, resources and expert analysis in Australasia by the leading intelligence provider for the fintech community.
Tradeweb in advanced takeover talks with Aussie trading platform Yieldbroker
The AUD 125 million ($84m) deal remains subject to Yieldbroker stockholder approval.
IOUpay goes into voluntary administration over suspected fraud
It took this step due to a “number of outstanding debts” with “no reasonable prospect” of repaying them.
NZ wealth manager JBWere taps Duco for cash and asset reconciliations
JBWere NZ will use Duco to reconcile cash and securities held with sub-custodians, share registries and banks.
Aussie paytech EML Payments mulls sale as CEO resigns
The company is conducting a review as it looks to “transition away” from its previous long-term strategy.
Aussie financial software firm Iress to cut 10% of staff amid business restructure
The cuts come as the company looks to form “a more efficient and focused organisational structure”, Iress says.
Finbots.ai credit modelling platform to power Argenic’s SME lending
The partnership will support Argenic’s financial inclusion drive for underserved Australian SMEs.
IFGS 2023: UK has the opportunity to take the lead on tailored BNPL regulation
Klarna and Block discussed how the UK can set the tone for BNPL regulation at IFGS 2023.
ASX creates dedicated CIO role to lead standalone technology division
The new CIO will be tasked with delivering the firm’s enterprise-wide technology renewal programme.
ICYMI fintech funding round-up: Synctera, Natech, Basiq, Payabli
Our weekly fintech round-up for you to get the latest funding news from around the world.
Crypto paytech Wirex launches multi-currency card in Australia
With one of the highest levels of crypto adoption in the world, Australia is an “important market” for Wirex.
Aussie paytech Till Payments lands $46m Series D funding
The fresh funding comes just weeks after the firm’s decision in January to lay off 120 staff.
Aussie BNPL firm Zip reportedly set to retreat from 10 international markets
Zip expects “significant” amounts of cash to roll in due to these exits, with positive cashflow expected by 2024.
Aussie central bank reveals participants and use cases for CBDC pilot
The selected industry players will participate in use case proposals over the coming months, the central bank says.
Westpac pens five-year cloud deal with AWS to boost digital transformation
Westpac aims to leverage AWS’ tech to accelerate its digital transformation.
Stripe unveils Tap to Pay for Android devices
Tap to Pay allows businesses to accept contactless payments using an NFC-enabled Android device.
Aussie paytech DataMesh lands $30m Series A led by NAB Ventures
Additional investors in the Series A round were Deutsche Bank and 1835i Ventures.
Aussie fintech Shift lands $18m in Series C funding
Shift provides a credit and payments platform for Australian businesses.
TISA signs for Flexcube core banking system & applies for banking licence
The project will be delivered by Oracle FS’s implementation partner, Profinch.
Aussie BNPL fintech Openpay enters receivership
The firm’s assets, operations and trading activities are now under the stewardship of McGrathNicol.
Nano sells home loan book to AMP Bank as it pivots to tech focus
Nano plans to wind down its home loan services and focus on providing technology to financial services companies.
New Zealand accounting fintech Hnry bags $24.5m in Series B funding
Hnry provides invoicing, tax, insurance and compliance services to self-employed contractors and freelancers.
Australian banking tech provider Sandstone appoints CTO
Anthony McKew has over 35 years of experience within banking and retail technology.
FNZ acquires wealthtech start-up YieldX
YieldX’s fixed income portfolio management technology will be integrated into FNZ’s wealth platform.
Aussie start-ups Alii and Bloom raise funds
Alii and Bloom Impact Investing, two start-ups based in Brisbane, have reported cash injections.
Aussie paytech Till Payments cuts 120 staff
AFR reports the firm has also appointed three new board members and plans to go public.
Australian fintech Grapple secures $35m in funding
Sydney’s Grapple landed $35 million in a warehouse debt facility from Global Credit Investments (GCI).
Australia’s Alex Bank lands regulatory ADI licence
The bank says it was granted the licence just 18 months after it received a restricted ADI licence.
Westpac ends talks with Tyro Payments over potential acquisition
Westpac says purchasing Tyro “is not in the best interests of Westpac shareholders at this time”.
Aussie crypto exchange Swyftx to lay off 90 employees
The layoffs follow a round of job cuts in August that saw its workforce reduced by 21%.
ICYMI fintech funding round-up: Buckzy, FrankieOne and Ejara
A handy round-up of the recent funding endeavours of fintech companies across the globe.
National Australia Bank expands AWS collaboration with “multimillion dollar” cloud deal
The bank says the deal will enable it to “accelerate the migration of key critical workloads to AWS”.
InComm Payments buys Australian gift card provider TCN
The firm says the acquisition will boost its ability “to create personable gift card products that consumers seek”.
Crowdz to integrate open banking-powered payments with GoCardless partnership
Crowdz will implement three GoCardless open banking-powered payment features across four markets.
Airwallex bags another $100m in Series E extension, valuation remains unchanged
The extension round brings Airwallex’s total funding to more than $900 million.
Police Bank Australia taps Temenos for core banking upgrade
The bank will deploy Temenos Retail Banking Services running on the Temenos Banking Cloud.
Embedded finance start-up Shaype lands $21.4m Series C funding
Sydney-based Shaype will use the money to expand internationally.
Afterpay shutters its Westpac-powered Money app
Afterpay says customers will not have access to their Money accounts from 10 October 2022.
Australian crypto exchange Swyftx cuts 21% of workforce
Swyftx says 74 employees will be laid off as the firm grapples with global economic uncertainty.
BOQ and Virgin Money live with Temenos core banking system in the cloud
BOQ, Virgin Money and ME Bank will eventually transition to Temenos’ cloud-based core software.
