Former CBA chief digital officer launches mortgage fintech True Savings
The platform claims to take “less than a minute” to search for home loan options.
Australasia
Aussie challenger bank Volt acquires neolender Australian Mortgage
The two companies had entered into a partnership earlier this year.
Aussie mortgage firm Bluestone goes live with Mambu
Non-bank lender handles AUD 10 billion in home loans across Australia and New Zealand.
ClearScore lands $200m investment from Invus
The UK fintech is looking to accelerate its global expansion.
Australian fintech Zeller raises AUD 50m in Spark Capital-led investment
The round was closed in the week prior to Zeller’s launch last month.
Virgin Money Australia goes live on Temenos Banking Cloud
The Australian bank selected Temenos in March 2020.
Aussie neobank Volt lands extended Series E investment from AFG
AFG picks up an 8% stake in Volt as part of the deal.
Irish start-up Wayflyer raises $76m in Series A funding round
Funds from the raise will be used to support Wayflyer’s product development and international expansion.
CBA invests in online shopping start-up Little Birdie and energy retailer Amber
The Aussie bank is seeking to add value and increase engagement for its digital banking offering.
BNPL firm Zip extends acquisition spree, buys up Twisto and Spotii
The Australian firm has spent $105 million on its new buyouts.
BNPL Laybuy raises $27m for UK growth drive
The start-up last raised debt financing in late July 2020.
EML Payments halts trading over Central Bank of Ireland probe
Australian payments firm suspends shares over “significant regulatory concerns”.
NAB lands approval for 86 400 acquisition despite competition concerns
86 400 bagged its own banking licence back in 2019.
Nuapay becomes Australia’s first open banking payments platform
Nuapay’s joint value proposition caters to both consumers and merchants.
Virgin Money Australia claims to “break new ground” with loyalty scheme
There is clear disruption already happening in the rewards space.
Kiwi payments start-up Dosh selects Software Group
Dosh is the first local mobile wallet solution in New Zealand.
New Zealand introduces world-first climate risk reporting bill for banks
The bill will cover all banks with total assets topping NZD 1 billion.
MyLife MyFinance goes live on cloud hosted Temenos technology
Australian bank deploys Transact in the cloud with SaaS package.
Finder snaps up shuttered Singapore fintech GoBear
COVID-19 took a toll on GoBear’s capital reserves and certain financial products.
EML Payments acquires open banking brand Nuapay in €110m deal
Nuapay owner Sentenial snapped up by prepaid cards firm EML.
Aussie fintech Airwallex lands $2.6bn valuation with $100m raise
Airwallex is currently expanding into Asia, the UK, and – most recently – the US.
Xero makes second acquisition in a month with Tickstar
Tickstar already serves Xero customers across Australia, New Zealand, and Singapore.
Australia consults industry on more “sustainable” challenger bank licence
The APRA’s consultation closes at the end of April.
Railsbank comes to Australia via tie-up with challenger bank Volt
Railsbank considers Australia “a highly strategic market”, where embedded finance is “still in its infancy”.
Rush Gold launches mobile card to pay with gold in real-time
The Mastercard offering is powered by EML Payments.
Xero makes second acquisition in eight months with Planday
Xero plans on closing its latest acquisition in March 2022.
Greensill in crisis as regulators step in to freeze payments
BaFin ordered Greensill’s Bremen-based bank subsidiary to freeze all payments.
ICYMI funding round-up: Zolve, Symple Loans, Butn, FunGuard & more
We highlight a series of funding rounds that may have passed you by.
Report: The power of data analytics in fintech solutions
A deep-dive industry report focused on the priorities and use of data analytics at financial institutions.
Bank of Queensland splashes $1bn to challenge Big Four with ME Bank purchase
Australian lender seeks to make up ground on country’s largest lender.
ANZ New Zealand inks open banking deal with Bud
The bank is adopting Bud’s aggregation and categorisation tech.
Aussie challenger Cape bags ex-Funding Circle CRO Rahul Pakrashi
Pakrashi says his wants “to get back” to his roots at Cape.
Banking Technology February 2021 issue out now
The roaring 20s.
Fintech trends watch 2021: checkouts, wealthtech and SCA
Our resident Gen Z’er, Ruby Hinchliffe, shares her three predictions for 2021.
86 400 becomes second challenger to exit Australia with $169m NAB merger
Upon its acquisition, NAB says 86 400 has some 85,000 customers.
Hesta selects SimCorp Dimension to power new portfolio strategy
Australian superannuation firm brings investments in-house.
Zip boosts Aussie exchange to 11-month high with $56m share purchase
The BNPL firm raised $26m in oversubscriptions, at $5.29 a share.
NAB signs SME payments deal with Eedenbull
Eedenbull is providing a handful of systems to the major Aussie bank.
New Zealand’s central bank victim of Accellion’s cyberattack
New Zealand Stock Exchange was also the victim of a cyberattack in August.
2020 in review: Top core banking stories
We run down the most interesting core banking stories from this year.
