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Australia
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618B2B PaymentsAustralian B2B FinTech Tyro Is Bright Spot In IPO Debut
Australian B2B FinTech Tyro Payments recently listed on the Australian Securities Exchange (ASX) and saw its share price increase 29 percent above...
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1.8KPersonnelWestpac Chief Exits Amid Money Laundering Accusations
Australia’s Westpac Banking Corporation announced that its CEO is stepping down after the bank was hit with money laundering accusations. The country’s...
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2.7KSecurity & FraudAustralia’s Westpac Nailed For 23M AML Violations
Aussie banking giant Westpac was accused of violating anti-money laundering (AML) laws 23 million times, Reuters reported on Tuesday (Nov. 19). The...
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1.7KB2B PaymentsIn Australia, Late Payments Hit SMBs During Holiday Season
Late payments have hit Australian firms across several verticals — with a notable impact across the transport industry. The practice of supply...
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3.0KB2B PaymentsSMB Lending In Australia After Lending Standards Are Waived
Australia is making small business lending easier by waiving responsible lending standards for small firms. Treasurer Josh Frydenberg announced last week that...
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1.9KB2B PaymentsAustralian Government Launches Supply Chain Finance Probe
The Australian government has launched an investigation into the supply chain finance market and the impact of the financing tool on small...
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3.6KPartnerships / AcquisitionsPayPal, Citi To Offer Consumer Credit Products In Australia
Citi Australia and PayPal Credit Australia announced they have entered into a long-term strategic partnership to develop consumer credit products for PayPal’s...
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4.0KB2B PaymentsAustralia Launches Small Business Insolvency Probe
The Australian government will be launching an investigation into insolvency practitioners amid rising criticism and allegations that unfair practices pushed small businesses...
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3.0KB2B PaymentsVisa Supports Rollout Of Aussie AP Service Yak Pay
Visa has teamed up with business expense management firm Payment Logic to support the use of commercial cards in accounts payable for...
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2.5KB2B PaymentsIn Australia, Late Payments Under Govt Microscope
Australia’s federal Labor Party has issued calls to scrutinize late payment practices that it has said are “unfair” to small and mid-sized...
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3.8KDigital BankingAussie FinTech Douugh Expands Mastercard Debit Cards To US Customers
Australian consumer FinTech company Douugh is kicking off its visual “Savings Jar” feature as it widens the availability of its artificial intelligence...
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3.8KB2B PaymentsHow Collaboration Helps Supply Chain Finance Break Out Of Silos
Bank-FinTech collaboration is a growing phenomenon helping traditional financial institutions embrace the innovation of FinTech competitors without having to develop their own...
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2.7KAuthenticationInside Australia’s Push For A Safe And Trusted Digital ID
Although accessing government services online is much more convenient than in person, it can be a struggle for those who lack digital...
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4.9KAuthenticationInside Australia’s Push For A Safe And Trusted Digital ID
The use of digital identities is becoming commonplace, and consumers are largely satisfied with their presence. In fact, PYMNTS’ Digital Identity Lifestyle...
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6.3KDeliveryAustralia Gets Taste Of Digital Food Delivery With DoorDash
San Francisco-based DoorDash is moving beyond North America and is now taking orders in Melbourne, Australia, taking on UberEats, Menulog and Deliveroo,...
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2.3KB2B PaymentsAustralia Pushes eInvoicing To Boost SMB Compliance
The Australian Taxation Office (ATO) says killing off the paper invoice is critical to promoting corporate compliance and business growth as the...
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2.3KBlockchainIn Switzerland, Regulators Eye Payments Over Blockchain
Switzerland’s regulators are mandating that firms conducting business across blockchain conduct AL and KYC due diligence. In Australia, the Securities Exchange is...
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3.2KBitcoinBitcoin Daily: FINMA Grants Licenses To Two New Blockchain Firms; ShortHop Crypto Exchange Launches In Seven New States
The Swiss Financial Market Supervisory Authority (FINMA) has granted the first “banking and securities licenses” to two blockchain companies: SEBA Crypto AG...
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World Bank Lands $33M For Australian Blockchain Bond
The World Bank announced it has raised $33 million from investors for its blockchain-based “Kangaroo” bond, Bond-i. The bond, which is due...
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5.1KSecurity & FraudPayID Hack Prompts Warning From Banks Down Under
A recent PayID data breach reported to Australia’s New Payments Platform (NPP) has prompted banks to issue warnings to customers, FinTech Extra...
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2.8KB2B PaymentsWestpac Teams With Coupa To Revamp SMBs Spending In Australia
Australian lender Westpac is partnering with business spend management (BSM) firm Coupa to help companies improve finance management on a cloud-based platform,...
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1.7KBank RegulationLawsuits Likely In Aussie Bank Probes
The Australian Securities and Investments Commission (ASIC) is just weeks away from filing lawsuits against the country’s biggest banks, as the regulator...
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4.9KLoansCiti Pilots Credit Card Installment Loans Down Under
Citi Australia wants in on the burgeoning buy now, pay later market and is launching a new installment loan product with Kogan...
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5.1KB2B PaymentsPayPal Australia Reaches $500M SMB Loan Volume
PayPal Australia’s small business lending operations have reached a new milestone, facilitating $500 million in working capital loans, reports in Finder said...
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2.4KBitcoinBitcoin Daily: AU Police Charge Five In Crypto Cold-Calling Scam; EZ365 To Launch Blockchain Ecosystem For Crypto Trading And Betting
Authorities in Australia have charged five individuals in connection with a digital currency investment scheme, which reportedly bilked victims out of $2.7...
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3.2KRetailAfterpay Reports 6.5K Merchants On Payments Platform
Afterpay, the leader in “buy now, pay later” payments, said in a press release that its second bi-annual two-day sale, Afterpay Day,...
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2.9KB2B PaymentsPressure Mounts On Big Four Auditors
The former chairman of the Australian Securities and Investments Commission has warned of Enron-style corporate collapses thanks to failings of the nation’s...
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2.1KRegulationAustralia’s Big Banks Defend Spending Millions On Outside Auditors
Australia’s four biggest banks, along with large accounting firms, have joined forces to defend the use of independent audit firms as consultants....
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2.7KInvestmentsCredible Labs Valued At $397M In Deal With Murdoch’s Fox
Rupert Murdoch-controlled Fox Corp is buying personal finance broker Credible Labs in a deal valued at $397 million, Reuters reported on Monday...
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2.6KRegulationAustralia To Create New Regulatory Branch To Monitor Facebook, Google
In a move that could establish a precedent for global lawmakers, Australia said it would create an office to police Google and...
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2.5KB2B PaymentsAustralia Tells Wine Sector To Kick Its Late Payments Habit
The Australia Competition and Consumer Commission (ACCC) is ramping up its efforts to promote faster payments to small suppliers in the wine...
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2.9KBitcoinBitcoin Daily: Anchorage Crypto Startup Sets Up Shop In Sioux Falls; Crypto Scam Steals $900K From Pension Fund
Senator Mike Rounds made an announcement at a Senate Banking Committee hearing regarding Facebook’s planned cryptocurrency on Tuesday (July 16), but it...
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3.1KDeliveryAussie Regulator Challenges Uber Eats Over Restaurant Contracts
Uber Eats in Australia can no longer charge restaurants for delivery mistakes that were out of their control, according to a report...
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3.0KB2B PaymentsIn Australia, Card (And Other Payments) Fraud Is Big Business
Attacks on Australia’s government — including payments fraud — have been on the rise, scoring, cumulatively, tens of millions of dollars. Elsewhere,...
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2.9KB2B PaymentsMYOB Suffers Payroll Reporting Glitch
Australian small business cloud accounting company MYOB was managing a system glitch last week after it confirmed hundreds of payroll reports known...
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3.6KBlockchainIBM Testing Lygon Blockchain Platform To Streamline Property Leasing
ANZ, Commonwealth Bank, IBM, Scentre Group and Westpac have announced they are partnering to launch a live pilot for Lygon, a new...
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4.2KRegulationAfterpay Boosts Governance Amid Regulatory Scrutiny
As the quickly growing lender bolsters its governance and faces scrutiny from a financial watchdog, Australia’s Afterpay Touch Group Ltd is said...
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3.1KBankingAussie Banks Push Back Against Plan For Deeper Credit Checks
In response to plans by regulators to require banks to conduct more detailed credit checks in lieu of depending upon indices, banks...
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4.7KBitcoinBitcoin Daily: QuadrigaCX Co-Founder Made Fake Accounts; Swede Faces Extradition In Scam
A Swedish man has been charged with securities fraud, wire fraud, and money laundering in connection with a bitcoin scam that defrauded...
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2.1KInternationalRevolut Expands Beta Version Into Australia
Financial technology company Revolut has ventured beyond Europe and into Australia as of Thursday (June 13), according to a report. However, it...
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1.3KBitcoinBitcoin Daily: Crypto Firms Gear Up To Fight SEC; Consumers Can Use Crypto To Pay Bills Down Under
Canadian social media company Kik has announced a crowdfunding effort aimed to help it — and other cryptocurrency firms — fight the...
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3.1KB2B PaymentsAustralian Governments Take Action On Late SMB Payments
While late payments to small B2B suppliers appears to be a universal challenge, the U.K. has arguably shed the most light on...
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2.5KB2B PaymentsSerko Touts Corporate Australia’s Uber Adoption
Uber and rival ridesharing platforms like Lyft have taken off in the U.S. corporate travel segment in recent years, leading Uber to...
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2.7KB2B PaymentsProspa Lowers Interest Rates In Second Go At IPO
More than a year after Prospa delayed its initial public offering (IPO) plans, the Australian alternative lender is once again gearing up to...
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2.6KBankingAussie Reserve Bank Throws Shade On Banks’ Slow Response To New Payments Platform
The Reserve Bank of Australia (RBA) has sent a warning to major banks that its slow progress in implementing the New Payments...
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3.3KBankingJudo Launches As Australia’s Newest Challenger Bank
Switzerland-based Temenos AG has announced that Judo Bank, an Australian SME challenger bank, has gone live with the help of Temenos T24...
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2.6KInternationalAustralian Cash’s Spelling #Fail
When it comes to money, the little things really do matter — the really, really little things. That’s what Australian authorities are learning...
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3.0KB2B PaymentsShould Auditors Be Responsible For Catching Corporate Fraud?
Tensions are running high in the U.K. corporate auditing arena. Amid calls to break up the so-called Big Four auditors – PricewaterhouseCoopers,...
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2.3KGlobal PaymentsSonect Gets eMoney License In Lithuania; Alipay Teams With HarkHark For Mobile Orders
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Sonect obtaining an eMoney license in Lithuania....
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1.6KBitcoinBitcoin Daily: Australian Crypto Fraudsters Racked Up $4.3M In 2018; Regs Tells Finland Crypto Companies To Register
Billionaire Michael Novogratz’s cryptocurrency investment firm lost $272.7 million during its first year of operations. Galaxy Digital Holding revealed that it had...
