Australia

Westpac Ends Prospa Collaboration After IPO Postponement
Westpac Ends Prospa Collaboration After IPO Postponement
June 12, 2018  |  B2B Payments

Days after Australian alternative lending platform Prospa delayed its Initial Public Offering (IPO) indefinitely, one of its bank partners, Westpac, announced it was ending its...

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Law Firms Experimenting With AI
Law Firms Experimenting With AI
June 08, 2018  |  Artificial Intelligence

Chatbots are already being used in a variety of industries — and now those in the legal industry are finding ways to experiment with artificial...

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Revolut Plans To Apply For Banking License In The US
Revolut Plans To Apply For Banking License In The US
June 04, 2018  |  Banking

After applying for a banking license in Europe, Revolut plans to apply for one in United States in the near future. Chief Executive Officer Nikolay...

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Commonwealth Bank Of Australia Faces Record Fines
Commonwealth Bank Of Australia Faces Record Fines
June 04, 2018  |  Banking

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 to an end...

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Five at Five: Walmart’s College Plan
Five at Five: Walmart’s College Plan
May 31, 2018  |  News

Welcome to Five at Five, your late look at the payments and commerce news you might have missed. Today’s stories range from Walmart’s promotion of...

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Amazon To Block Australian Shoppers From US Site
Amazon To Block Australian Shoppers From US Site
May 31, 2018  |  Amazon

In a move that will send traffic to its Australian website, Amazon said it will make Australians use its Australia site instead of its larger...

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Australia’s Big Four Banks Admit SMB Lending Misconduct
Australia’s Big Four Banks Admit SMB Lending Misconduct
May 22, 2018  |  B2B Payments

All four of Australia’s Big Four lenders — Westpac, Australia and New Zealand Banking Group, Commonwealth Bank of Australia and National Australia Bank — admitted...

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Microsoft Forms Cloud Accounting Startup To Rival Xero
Microsoft Forms Cloud Accounting Startup To Rival Xero
May 15, 2018  |  B2B Payments

Microsoft is collaborating with Commonwealth Bank of Australia (CBA) and KPMG to form a new cloud accounting startup, Financial Review reported. Get the Full Story Complete the...

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Australia To Cut Corporate Watchdog Funding
Australia To Cut Corporate Watchdog Funding
May 11, 2018  |  B2B Payments

The Australian government is planning to cut funding for its corporate watchdog, despite the regulator warning that a lack of resources has already limited its...

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