Australia

BNPL Regs Likely Coming Late 2022 for EU, UK But U.S. Lags Behind
BNPL Regs Likely Coming Late 2022 for EU, UK But U.S. Lags Behind
July 18, 2022  |  BNPL

With approximately $97 billion in buy now pay later transactions last year, the increased popularity of the financial offering has garnered significant regulatory interest around...

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Australian Financial Planners Group Backs ‘Crypto Rule Book’
Australian Financial Planners Group Backs ‘Crypto Rule Book’
July 17, 2022  |  Cryptocurrency

The Financial Planning Association of Australia has said there’s a need to regulate cryptocurrency as well as add a “crypto rule book,” a report says....

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Aussie BNPL Firm Openpay Bails on the US
Aussie BNPL Firm Openpay Bails on the US
July 01, 2022  |  BNPL

Australian buy now, pay later (BNPL) firm Openpay Group is pulling out of the U.S. after only a few months in the country, Reuters reported...

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Today in FinTech: Volt Gives Up Bank License; Wells Fargo, Zelle Suit Dropped
Today in FinTech: Volt Gives Up Bank License; Wells Fargo, Zelle Suit Dropped
June 29, 2022  |  Technology

In today’s FinTech news, Aussie FinTech Airwallex is moving into New Zealand with its multi-currency digital wallets, while Aussie bank Volt hands back its license....

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Volt Exits Banking Sector; Will Return License, Funds 
Volt Exits Banking Sector; Will Return License, Funds 
June 29, 2022  |  Digital-First Banking

Australian challenger bank Volt is returning more than $100 million to its estimated 6,000 customers next week and handing its banking license back to regulators...

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Today in TechREG: Australian Regulator Targets Retail Giants for Facial Recognition Tech; French Lawmaker Urges Review of Binance’s License Approval
Today in TechREG: Australian Regulator Targets Retail Giants for Facial Recognition Tech; French Lawmaker Urges...
June 27, 2022  |  Regulation

Today in TechREG, regulators in Australia have received a formal complaint against the biggest retailers in the country for using a facial recognition technology that...

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The Data Point: Now Hear This — Voice Recognition Cut Australian Shopping Friction by 89%
The Data Point: Now Hear This — Voice Recognition Cut Australian Shopping Friction by 89%
June 20, 2022  |  Retail

Australia is both leading and lagging when it comes to the digital transformation of shopping, as the nation that arguably ignited the current buy now,...

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Today in TechREG: EU Faces Opposition for Digital Euro; Amazon Offers Remedies for EU Antitrust Fines
Today in TechREG: EU Faces Opposition for Digital Euro; Amazon Offers Remedies for EU Antitrust...
June 13, 2022  |  Regulation

Today in TechREG news, the European Commission will see the results (June 13) of a public consultation on the digital Euro and according to the...

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Airwallex Streamlines Invoice Payments with Expanded Xero Collaboration
Airwallex Streamlines Invoice Payments with Expanded Xero Collaboration
June 07, 2022  |  Partnerships

Payments platform Airwallex is moving forward with business invoice finance innovation by expanding and extending its long-term partnership with accounting software firm Xero through payment...

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