This Month
- Analysis
- Cryptocurrencies
Crypto got too big for government to ignore
In just seven months, a Senate committee digested 100 submissions to create 12 recommendations to set Australia up to benefit from decentralised technologies.
- James Eyers
Senate report proposes model to regulate the crypto economy
Treasury will oversee new cryptocurrency market licences and corporations law changes to allow “decentralised autonomous organisations” under a radical plan.
- James Eyers
CBA replaces Albert terminals with Smart fleet to integrate apps
The bank’s latest payments terminal is set to integrate Doshii, Whitecoat and other business apps.
- James Eyers
Zip doubles first quarter sales, analysts back rebranding
The value of goods being purchased on Zip is rising but customer growth rates have dropped off, as its new brand appears on digital billboards in Times Square.
- James Eyers
- Exclusive
- Funding
Heavenly service: Start-up raises for ‘end-of-life’ digital platform
Westpac’s Reinventure fund has led a $3 million round in digital will provider Safewill, which has plans to build a platform to safeguard your digital life when you’re gone.
- James Eyers
Nano makes giant leap with Oracle deal
Fintech inks deal with global giant that could see it touch every new-to-bank home loan issued by Westpac and NAB.
- Updated
- James Frost
Banking-as-a-service deal: Parpera uses Railspay, Volt for deposits
A new money management app to help gig economy workers with invoicing and payments will also offer deposits, which sit on the Volt Bank balance sheet.
- James Eyers
Hub24, Netwealth surge but growth may have peaked
The wealth rivals each added billions of dollars to their funds under administration but financial adviser market troubles could become headwinds.
- Aleks Vickovich
Government aid flows to fintechs in south-east Asia
The government’s $40 million emerging markets impact investment fund has made its first investment, a credit fund that will help provide loans to Asian SMEs.
- James Eyers
- Exclusive
- Wealth Generation
Millennials want their super invested in ETFs
Three-quarters of Superhero customers aged 18 to 34 would prefer their retirement savings to be deployed to exchange-traded funds as passive investing wins hearts and minds.
- Aleks Vickovich
Openmarkets fined for breaching ASX Clear conditions
Openmarkets has copped an $80,000 for breaching historical conditions placed on the business by the ASX as part of its admission to its clearing house ASX Clear.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
Macquarie suggests tech threatens $70b in big bank revenue
Macquarie says fintech disruptors are attacking the banks from every angle, including home loans, payments, consumer lending, business lending, and share trading.
- Tom Richardson
Revolut to offer no-brokerage share trading, applies for bank licence
The London-based unicorn says becoming an Australian bank will create more trust and help it build a ‘super app’ alongside equities trading and crypto.
- James Eyers
Court freezes $8.75m in crypto collapse case
A judge has ordered the company at the heart of the ACX fiasco to detail its assets while the rightful owners of 117 bitcoin are determined.
- James Frost
Former GE team raises funds for fintech MitchCap
A group of former local GE Capital executives is poised to complete a $7.5 million pre-IPO funding round for their specialist distribution financier MitchCap.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
Finance service for young art collectors in the know launches in the UK
Local gallerists credit Australian-founded Art Money with helping to them keep afloat through the pandemic by wooing Millennial clients.
- Dan F. Stapleton
Finder scouts for investor to fund global rollout, Highbury on board
Fifteen-year old start up Finder is leaving no stone unturned in its quest to find a backer to help fund its planned global rollout.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
Australian IT bosses walking tight rope on costs
Tech executives at lenders and insurers are being forced to balance heightened expectations from customers against demands for tighter cost control.
- James Frost
Perpetual Digital will streamline securitisation deals
The 130-year-old company has a new innovation unit that will soon launch a product that automates the securitisation process for issuers, advisers and investors.
- James Eyers
Future metrics key to neobank Judo’s current value
Pre-IPO research from Goldman Sachs analysts on fintech Judo asked investors to think about the neobank under a lens of how the business looks at scale.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
