Sections
Australia
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814InternationalStartups Settle In Sydney To Join Growing FinTech Ecosystem
Sydney, the most populous city in Australia, is also a burgeoning FinTech hub: In fact, Deloitte has ranked it as the eighth...
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816AmazonFresh Opening For eBay Comes Amid Amazon Woes
Thanks to Amazon and sales tax, eBay is reportedly enjoying a fresh opening in Australia. Amazon launched a local website in that...
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974B2B PaymentsOnDeck Secures Credit Facilities In Australia And Canada
Alternative small business lending platform OnDeck is expanding financing to businesses in Canada and Australia, the company announced on Wednesday (July 18)....
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2.2KB2B PaymentsFinTech Follows Open Banking As It Spreads Across Borders
The U.K.’s Open Banking regulation made waves in the financial services market, and those effects have been felt far beyond the U.K.’s...
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1.5KToday In DataTapping Into Expanding Opportunity
While cash was once king on a global stage, digitization is marching forward, and quickly. Case in point: Australia, where cash still...
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3.6KCashNEW DATA: Why Australians Haven’t Given Up On Cash
In the 26 years of continued economic growth in Australia, cash has continued to play an imperative role. In 2016 alone, Australian...
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1.3KB2B PaymentsAlt-Lenders Vow Transparency After Prospa Backlash
Australia’s alternative finance community has vowed to heighten transparency following criticism over Prospa‘s high interest rates, which caused the FinTech to scrap...
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3.0KB2B PaymentsCommonwealth Bank De-Merges As New Probe Begins
Australia’s crackdown of the banking sector continues, this time with regulators’ latest probe into financial institutions’ (FIs) lending practices with small farmers....
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1.6KBank RegulationIn Asia, Finance Trade Groups Advocate For FinTech In Regulatory Efforts
Financial firms have their work cut out for them when battling the bad guys, trying ensure that funds go where they need...
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1.7KB2B PaymentsWestpac Ends Prospa Collaboration After IPO Postponement
Days after Australian alternative lending platform Prospa delayed its Initial Public Offering (IPO) indefinitely, one of its bank partners, Westpac, announced it...
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1.7KArtificial IntelligenceLaw Firms Experimenting With AI
Chatbots are already being used in a variety of industries — and now those in the legal industry are finding ways to...
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2.9KBankingRevolut Plans To Apply For Banking License In The US
After applying for a banking license in Europe, Revolut plans to apply for one in United States in the near future. Chief...
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3.9KBankingCommonwealth Bank Of Australia Faces Record Fines
The Commonwealth Bank of Australia (CBA) has formally agreed to a record fine of A$700 million ($529.3 million) in the hopes of bringing...
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3.5KNewsFive at Five: Walmart’s College Plan
Welcome to Five at Five, your late look at the payments and commerce news you might have missed. Today’s stories range from...
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1.7KAmazonAmazon To Block Australian Shoppers From US Site
In a move that will send traffic to its Australian website, Amazon said it will make Australians use its Australia site instead...
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2.0KB2B Payments
Australia’s Big Four Banks Admit SMB Lending Misconduct
All four of Australia’s Big Four lenders — Westpac, Australia and New Zealand Banking Group, Commonwealth Bank of Australia and National Australia...
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3.7KB2B PaymentsMicrosoft Forms Cloud Accounting Startup To Rival Xero
Microsoft is collaborating with Commonwealth Bank of Australia (CBA) and KPMG to form a new cloud accounting startup, Financial Review reported. Dubbed Wiise, the...
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2.1KB2B PaymentsAustralia To Cut Corporate Watchdog Funding
The Australian government is planning to cut funding for its corporate watchdog, despite the regulator warning that a lack of resources has...
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4.1KSecurity & FraudCommonwealth Bank Of Australia Admits 2016 Customer Data Loss
Commonwealth Bank of Australia has lost track of some 20 million customer statements scheduled for destruction two years ago — records that...
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2.0KB2B PaymentsEmployers Approaching Deadline For Australia’s Payroll Overhaul
Australia’s new regulations for payroll will apply to all businesses with at least 20 employees, and experts are urging employers to quickly...
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1.9KB2B PaymentsAustralian Commission Finds ‘Unconscionable’ FinServ Practices
After increased pressure on the Australian government to crack down on misconduct in the banking industry, a Royal Commission released preliminary findings...
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3.7KDeliveryUber Eats In Australia Under Scrutiny From Competition Watchdog
Rod Sims, the head of the Australian Competition and Consumer Commission, said Monday (April 23) that he would look at contracts Uber has...
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7.4KInternationalAustralia’s Government Facing More Pressure For Lack of Banking Oversight
The government of Australia is facing new pressure this weekend over its initial desire not to launch an inquiry into the banking...
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2.4KB2B PaymentsAustralia Outpaces US In FinTech Adoption, OnDeck Says
Australia’s adoption of alternative finance and FinTech is outpacing that of the U.S., according to OnDeck Capital Chief Executive Noah Breslow. Reports...
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2.9KB2B PaymentsAussie Firms Struggle With Domino Effect Of Supplier Collapse
A new survey by My Business released on Monday (April 16) highlights the challenges Australian businesses face when a business partner or...
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2.4KCryptocurrencyAustralia’s AUSTRAC To Regulate Crypto Firms
In Australia, cryptocurrencies are getting more scrutiny from regulators. Reuters reports that the country has moved oversight of digital currency providers to...
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2.5KB2B PaymentsNAB Employees Suspected In Multimillion-Dollar Invoice Fraud Scheme
Australian officials have reportedly raided three businesses allegedly linked to a multimillion-dollar supplier invoice payment fraud involving National Australia Bank (NAB). Reports...
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2.6KB2B PaymentsUK, Australia Sign Stronger FinTech Innovation Pact
The U.K. and Australia are strengthening an existing collaborative agreement to promote FinTech innovation, according to reports in Mondo Visione. The U.K....
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2.9KCryptocurrencyUK To Create Crypto Task Force As Part Of FinTech Initiative
The U.K. is gearing up to delve more into the world of cryptocurrencies by announcing a new task force that will look...
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5.0KB2B PaymentsFinTechs To Surpass Banks As Aussie SMBs’ Top Finance Choice
FinTechs and non-bank financial service providers are set to take over traditional banks as the preferred choice for small business (SMB) customers...
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3.6KB2B PaymentsAustralia Central Bank Acknowledges Faster Payments’ Risk Challenge
Australia has just rolled out the New Payments Platform (NPP), a system to facilitate faster payments in the country, but a recent speech...
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2.2KB2B PaymentsAussie Accountants Brace For Industry Disruption
Australia’s Institute of Public Accountants (IPA) is urging its members to “future-proof” their businesses as the industry heads toward disruption. Reports in...
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2.7KRidesharingUber Rival Ola Goes Down Under With Sydney Launch
In a move to expand its business overseas and take on Uber, India’s Ola has launched in Sydney. The service has already...
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3.4KInternationalBeyond The Fleet, Car Sharing Makes Inroads On Roads Down Under
Rent or buy? Borrow or share? In the land down under, this isn’t about housing; it’s about cars. Modes of transport, where...
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5.6KB2B PaymentsAustralia’s Alt-Lending Market Vows Transparency
Australia’s alternative finance industry is vowing to heighten transparency as policymakers continue to push for better small and medium-sized business (SMB) financial...
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1.9KB2B PaymentsAussie Firms Unaware Of Incoming Data Breach Disclosure Rules
Small businesses across Australia could soon be tripped up by incoming rules addressing data breach disclosures, according to news from the Brisbane Times this...
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3.6KRetailShping Incentivizes Consumer Engagement With Brands For Digital Coins
To research a product, potential customers may turn to Google. But finding product information can be a bit of a cumbersome process....
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2.7KB2B PaymentsAussie FIs’ Real-Time Payments Tempered By Government Probe
Three of Australia’s four largest banks have rolled out real-time payments capabilities as the government launches a widespread inquiry into the financial...
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3.3KFaster PaymentsAussie’s New Payments Platform (Called New Payments Platform) Goes Live
The Reserve Bank of Australia and its Payments System Board announced on Tuesday (Feb. 13) the launch of a new payments infrastructure –...
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2.6KB2B PaymentsANZ Bank To Refund $8B To Corporate Cardholders
ANZ, one of Australia’s largest banks, is set to doll out nearly $8 billion in refunds to small business customers using the...
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1.9KB2B PaymentsAustralia’s Real-Time Payments Push Brings Cyber Fears
Australia is gearing up to become the latest market to roll out a real-time payments infrastructure, but the plans are raising some...
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4.1KB2B PaymentsAustralia Readies For Real-Time Payments
Australia is the next jurisdiction to embrace payments speed, with the country preparing for the rollout of its New Payments Platform (NPP),...
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4.8KBankingReengineering The Digital Payments Transition — With Engineers
Conversations about digital transformation often start with new experiences that those evolutions make possible — or the new technologies essential to underpin...
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4.0KB2B PaymentsAustralia’s Late Payments Fight Shows The Limits Of Government Intervention
When it comes to late B2B payments, eyes most often turn toward the U.K., where payments and FinTech companies have worked to...
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2.7KB2B PaymentsTradeplus24 Steps Into Aussie SME Lending Market With Deep Tech Partner
Switzerland alternative lending company Tradeplus24 is entering the Australian market through a collaboration with Trade Ledger, the companies announced. Reports Friday (Jan....
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5.0KInternationalPayments Innovation Down Under, Organized By Tribes And Squads
Member of the tribe? Or maybe part of the squad? If both terms sound out of place in banking or payments and...
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2.7KB2B PaymentsBank-FinTech Hybrid Tyro Launches SMB Accounts In Australia
Australian bank Tyro is introducing new services for its small- and medium-sized business (SMB) customers. The new services include lending products, reports...
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2.4KB2B PaymentsAussie Payroll Firm Lands $76M Ahead Of IPO
Private equity investment manager HarbourVest Partners has provided Australian payroll company Ascender with $76.6 million in equity ahead of its initial public...
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3.1KB2B Payments
Australia SMB Ombudsman Wants Data On Businesses’ B2B Payments Times
As Australian regulators inquire about the speed with which businesses pay their small- and medium-sized business (SMB) suppliers, the Australian Small Business...
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4.7KPayment MethodsAustralia Central Bank Considers Electronic Bank Notes
The central bank of Australia is in the midst of considering whether to create bank notes using blockchain, according to news from The...
