ANZ Bank prepares itself for a new banking platform pilot
Introduction Aussie Big Four bank, Australia and New Zealand Bank is working continuously on modernizing its banking systems. The banking systems transformation in ANZ Bank is going on under its ANZx transformation program and the trial of the system is slated for Q2 of 2021,...
AsiaPay partners with Australia-based payments technology provider Fat Zebra
Digital payments technology provider AsiaPay announces that it will be further expanding its payments platform in Australia and New Zealand through a new partnership with Fat Zebra. Fat Zebra is a global payments technology provider that focuses on building and scaling a payments network where...
FinTech Trends 2021: Top 6 technologies to watch out for
According to Big Four consulting firm KPMG, FinTech companies around the world bagged more than $135.7 billion in investment in the year 2019 [1]. In the same year, the global FinTech industry nearly reached $111,240.5 million and by 2023, the industry is expected to touch...
Australian neobank Judo raises $280 million; value soars 60%
In a Series D funding round, Aussie Challenger Bank Judo has raised $280 million in capital. The capital raise comes 7 months after the bank raised $230 million in Series C funding. After the Series D funding, Judo Bank’s valuation is at $1.6 million, 60%...
Yet another BNPL gets listed on the ASX; claims to be different
Introduction In Australia, the year 2020 has been all about buy now, pay later companies going big. This week, yet another BNPL service, Payright Limited got listed on the Australian Securities Exchange and claims to be different from what already is being offered by its...
Zip’s Strategic Investment in UAE-Based Spotii: Expanding BNPL Horizons
Australia’s one of the most trusted buy now, pay later service Zip has announced that it will be investing in a UAE-based BNPL startup Spotii. Through this investment deal, Zip will be providing Spotii access to its BNPL expertise, financial support, access to an international...
Fintech & energy startup Brighte raises $100 million funding
Australian fintech and energytech Brighte has ended the year with a bang by bagging a huge funding of $100 million. The funding by the energy startup was led by the investment fund of Mike and Annie Cannon-Brookes, Grok Inventures by contributing $78 million in the...
Neobank Xinja closes shop amidst COVID-19; returns banking license
Blaming the pandemic and a difficult capital raising environment, Australian neobank Xinja has decided to exit the banking sector in the country and focus on its share trading platform in the United States. The bank announced on 16th December 2020 that it will be closing...
NPP, BPAY & eftpos agree to merge under a new name ‘NewCo’
Three Australian payments infrastructure companies, eftpos, BPAY and New Payments Platform Australia (NPP) have agreed to merge as a single entity. The step has been taken in order to compete better and reduce costs with the growing number of international payments platforms.Ā The three platforms...
Software company Synechron acquires Aussie fintech firm Attra
Australian financial technology company Attra has been acquired by infrastructure technology and consultancy giant Synechron. How much Synechron paid for Attra and other terms of the deal have not been disclosed. Attra’s financial advisor on this transaction is Avendus Capital.Ā Software company Synechron continues its streak...
