NAB lands approval for 86 400 acquisition despite competition concerns
86 400 bagged its own banking licence back in 2019.
Australia
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.
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.
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.
ICYMI funding round-up: Zolve, Symple Loans, Butn, FunGuard & more
We highlight a series of funding rounds that may have passed you by.
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.
2020 review: 10 largest regulatory fines this year
The fines kept flowing even in a year as turbulent as 2020.
Worldline buys controlling stake in ANZ’s acquiring business
Worldline says Australia is an ideal stomping ground for international expansion.
Aussie neobank Xinja crumbles under unfeasible interest rates
The neobank landed a full banking licence last year.
New York-based Synechron buys Australian payments firm Attra
Attra and Synechron will have a combined workforce of 10,000 employees and annual revenue of $650m.
Australian business banking challenger Gallantree adds crypto function
Gallantree targets entrepreneurs, family offices, and high-net-worth individuals.
Australian lender RedZed is first live on SAP’s Cloud for Banking service
RedZed goes live on SAP package deal, hosted on Amazon Web Services.
NAB poaches outgoing RBS exec Matheson as new COO
Les Matheson returns to Australia after an early career in the country.
TransferWise nabs Australian banking licence from APRA
The restricted licence gives TransferWise access to the country’s real-time payments system.
Report: Digital KYB – a springboard to customer onboarding success
FinTech Futures’ latest in depth industry report on KYB, in partnership with DueDil.
Suncorp exec-founded neobank Alex raises AUD 10m
The funding is headed towards marketing and product development.
New senior hires at core banking tech vendor 10x Future Technologies
Dr Leda Glyptis is new chief client officer and Mark Holt is chief product & engineering officer.
Australia’s largest stock exchange suffers worst outage in more than a decade
“If a software issue has caused the outage, an exchange might well have a claim”.
Australia Post signs business lending tie-up with Valiant Finance
Aussie businesses can now get loans from their local post office.
Australia’s central bank announces CBDC project with ConsenSys
The bank is looking at a CBDC for “wholesale market participants”.
ASX delays CHESS replacement to April 2023
This is the third delay to ASX’s blockchain-based CHESS replacement system.
Ex-Volt exec joins newly branded Aussie lendtech Nano
Nano is targeting the low-risk end of the market.
Afterpay signs up to Westpac banking-as-a-service platform
Afterpay plans to launch a savings account on the Aussie bank’s software.
Aussie challenger Judo Bank picks nCino Bank Operating System
Judo Bank aims to automate processes to focus on customers.
Aussie trading app Stake makes leap to LatAm with Brazil launch
“LatAm looks to the US as a beacon,” says COO.
