Fintech

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Fintech platform revenues will reach $638 billion by 2024, up from an estimated $263 billion in 2019; driven by increasing consumer acceptance of fintech-powered solutions, according to Juniper Research. According to the new research, Fintech Futures: Leading Innovators, Segment Analysis & Regional Readiness 2019-2024, technologies such as machine learning, big

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Applications are now being accepted for Accenture’s annual FinTech Innovation Lab Asia-Pacific, a 12-week program that helps early- and growth-stage fintech companies accelerate product and business development through mentorship with executives from top financial institutions. The sixth year of the Lab comes after global fintech investments more than doubled in 2018,

One year on since the Australian Military Bank overhauled its digital systems, mobile transactions have risen 250 per cent. Australian Military Bank (AMB) is a member-based financial institution serving Australian Defence personnel and their families since 1959. In order to best serve its members — who are predominantly young and

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Fintech startup Earnd has raised $2.5 million from a number of investors including NAB Ventures and Zip Co executives and Pocketbook founders Alvin Singh and Bosco Tan. Earnd enables employees access to their pay packet as they earn it to minimise the need for payday lenders. Other investors include, John

A new study from Juniper Research has found that the operational cost savings from using chatbots in banking will reach $7.3 billion globally by 2023, up from an estimated $209 million in 2019. This represents time saved for banks in 2023 of 862 million hours, equivalent to nearly half a

AI will drive economic growth in the West

Global investments in fintech ventures doubled last year to US$55.3 billion due to a surge in funding in China and gains in other markets according to a new Accenture report. In Australia, fintech startups raised US$756.7 million last year, doubling the amount of $322.3 million in 2017. Accenture said this

A fundamental change in banking has occurred in a relatively short period of time: power has shifted from large financial institutions to consumers. In response, banks need to rethink how they serve their customers. That’s the view of Marnie Baker, managing director, Bendigo and Adelaide Bank.    Sign up for

Australian fintech platform, SocietyOne, has appointed Melissa Cicero as its head of digital acquisition and chief marketing officer to spearhead growth in 2019. Sign up to Which-50’s Digital Marketing Newsletter Cicero spent the past six years in senior marketing and business strategy roles within the finance industry, most recently leading

Finance and business investment concept. Graph and rows with statistic growth of coins on table.

Australia’s US$1.15 billion alt-fi market including peer-to-peer lending and crowdfunding grew 88 per cent in 2017, surpassing US$1 billion for the first time and consolidating its position to become the second largest market in Asia-Pacific, according to a comprehensive research of the online alternative finance market. The study, titled “Cultivating Growth:

Artificial intelligence (AI) is removing industrial and geographical boundaries for financial services organisations, according to AI expert, Dr Ayesha Khanna. Singapore saw the change coming and early investments in the technology and people to support it mean the country will likely be the global leader when AI is “everywhere” in