Australia

Revolut Plans To Apply For Banking License In The US

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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Commonwealth Bank Of Australia Admits 2016 Customer Data Loss
Commonwealth Bank Of Australia Admits 2016 Customer Data Loss
May 02, 2018  |  Cybersecurity

Commonwealth Bank of Australia has lost track of some 20 million customer statements scheduled for destruction two years ago — records that contain personal details...

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