Open banking will “revolutionise” Australia’s financial services sector by giving consumers the right to share their data to get themselves a better deal, Treasurer Scott Morrison said.
Tyro has announced Robbie Cooke, the former managing director and CEO of Tatts Group, will take on the role of CEO at the end of March.
Data registries and analytics business Illion, formerly Dun & Bradstreet, has acquired Adelaide fintech startup Proviso as it gears up for the arrival of Australia’s open banking regime.
Fintech startup Douugh has closed a $2.5 million seed funding round and landed a partnership with US bank, Choice Financial.
National Australia Bank (NAB) has today announced it is set to hire 600 tech specialists across the areas of software engineering, data, architecture, and security.
ANZ has announced the appointment of Ron Spector as its managing director of New Business, Emerging Technology and Ventures.
ASIC has announced a deal with the China Securities Regulatory Commission to promote innovation in financial services in their respective markets.
Australian fintech startups are seeing median revenues of $95,000 a month, up from a median of $30,000 a month last year, the 2017 Fintech Australia census has found.
Study Loans works with the educational institutions to have tuition paid to the organisation as a student progresses through their studies, like the government study loan programs.
Of the 100 names on this year’s Young Rich List, published by the AFR, exactly half of them made their wealth in the finance and tech sectors.
Targeting a Chinese audience, the Grei app looks to improve financial literacy through mentorship from experts and leaders and educational content.
Taking a snapshot, or “wealth selfie”, of a user’s finances, PictureWealth delivers robo-advice designed to help users plan their financial future.
Smartpay is a payments company which offers its own open payments service API and physical EFTPOS devices to merchants and retailers.
Australia is the top nation, alongside Brazil, facilitating the largest fintech deals outside the global core markets, according to a CB Insights report.
Fintech coworking community Stone and Chalk has announced its expansion into Victoria, with a space for 60 desks to open next month in Melbourne.