TransferWise changes name to Wise after 10 years

Works towards meeting international banking needs of Aussie consumers, businesses and banks beyond money transfers

Melbourne, Australia, 22 February 2021 – TransferWise, the global technology company building the best way to move money around the world, has today announced it has changed its name to Wise. (more…)

Open Banking and Financial Data Aggregation Leader Envestnet | Yodlee Launches New Credit Accelerator Solution to Support Faster and More Accurate Lending Decisions

Envestnet | Yodlee Credit Accelerator gives a comprehensive and accurate view of a consumer’s financial position, allowing for Financial Institutions and FinTechs to meet Responsible Lending guidelines (more…)

Businesses missing the benefits of fintech, say Airwallex and CPA Australia

Global fintech unicorn Airwallex and Australia’s leading professional accounting body CPA Australia, launched the ‘The Role of FinTech in Modernising Businesses’ report today, which aims to educate businesses on emerging fintech solutions and drive fintech adoption. (more…)

Australian Data Exchange Forges A Leadership Path In Data Facilitation.

Personal data shared direct from individuals with consent presents enormous potential for innovation, as well as the development of personalised offers, for banks and businesses, health services and governments worldwide.

While data can be the fuel for a whole host of new services, and the bedrock of a growing sharing economy, the need to ensure privacy and the complexities of compliance are creating significant barriers to entry and causing marketplace challenges. Companies all trying to solve these issues on a one-by-one basis is inefficient, holding back open banking – and the wider data economy – from reaching its true potential. (more…)

REA Group invests in fintech CampaignAgent

The $13.3m investment comes as the original ‘Buy Now Pay Later’ solution for  real estate signals further growth 

Melbourne, 5 February 2021: Today REA Group Ltd confirms a strategic $13.3m investment in  Melbourne-based fintech CampaignAgent. The pioneering ‘Buy Now, Pay Later’ solution for the real  estate industry allows customers to seamlessly pay directly for property marketing costs through its  payment gateway, or simply defer the payment to better align with the proceeds of their sale through its flagship product VPAPay.  (more…)

New Australian fintech innovations are changing the way businesses get paid

Late invoice payments are the number one cause of poor cash flow for SMEs with many reporting they only have enough cash flow to survive for three months or less.

Inefficiencies in operational processes and payments practices plague many businesses and directly contribute to cash flow problems where, on average, Australian businesses are now taking 34 days to pay their invoices. This becomes especially concerning during the COVID-19 pandemic where, at this time, businesses owners need greater transparency and control of money moving in and out of their business. (more…)

ahm partners with Open to launch new range of car and home insurance

ahm, one of Australia’s largest health insurers, has today launched its car and home insurance offering in partnership with insurtech disrupter, Open.

The two came to an agreement in 2020 after aligning strongly on brand values and technological capability and are today bringing two leading insurance products to market. As part of the arrangement, Open will administer the white-labelled car and home insurance products, managing everything from quote to claim, while ahm will promote the fully branded products to their existing customers as well as the wider Australian market. Both car and home insurance products will be underwritten by Hollard. (more…)

Upcoming Events

There are no upcoming events at this time.

Videos

Ep 2: Fintechs Acceleration of Growth Since COVID

Ep 1: The Evolution of Payments

Scaling Product Globally

Podcasts

Lee Hatton – Afterpay: FinTech Australia Podcast

Anthony Jones – Visa AUS/NZ

Tim Cameron – TransferWise