Fintech

Startup hub Stone & Chalk says it has set a new strategic direction to address the needs of the emerging technology ecosystem at a critical time for the tech industry in Australia. The not-for-profit will provide commercialisation, mentorship, customer acquisition, capital raising, advocacy, and growth development support to startup founders

Frollo, a financial management software company, is the first fintech and second company overall to receive accreditation as a data recipient in Australia’s upcoming Consumer Data Right system. On Friday the ACCC announced Frollo will join Regional Australia Bank as accredited data recipients in the data portability scheme set to

Neobanks operating in the UK added more than 6 million new customers in the second half of 2019, ending the year with 19.6 million customers globally, according to Accenture’s Digital Banking Tracker. Accenture’s research tracks the performance of UK neobanks – those that offer financial products via digital channels –

CommBank X15 Ventures

Commbank has launched a new start-up incubator called X15 Ventures, which it says will produce 25 new ventures by 2024, signalling a new approach to the startup-enterprise relationship. The bank announced the initiative today which it described as an “Australian technology venture-building entity designed to deliver new digital solutions.” Download: Which-50’s

Wisr, an ASX listed marketplace lender this week announced a $33.5 million raise through a share placement. The company says the funds will be used to accelerate growth and the continued roll out of its products. Download: Which-50’s Simple Fast Easy magazine – Six great digital experience case studies Wisr is

business handshake deal

Fintech Wisr has appointed former CBA general manager of unsecured risk Joanne Edwards to the newly created role chief risk and data officer.  The company said the new role was created to focus on credit risk optimisation and data analytics of its scaling loan book and Financial Wellness Ecosystem and

ecommerce payment online shopping customer consumer

Australian fintech and innovative payment plan provider Payright announced its first international venture, extending its buy now, pay later service into New Zealand. Brands including Saladmaster, Amway and Nutrimetics already on the platform in Australia will offer Payright in New Zealand, along with a number of photography studios. Other Payright Australian

Financial institutions that implement AI early in their transformation have the most to gain from its use but also face the largest risks, according to a new report released by Deloitte.  The report, Navigating Uncharted Waters released at the World Economic Forum describes how these companies, firms and regulators can

NAB announced it would finance a new $57 million securitisation warehouse trust established by Symple Loans, an innovative marketplace lender that offers Australian consumers lower interest rate personal loans via its digital lending technology platform. Symple Loans is the first new-to-bank customer to benefit from NAB’s commitment in July to

China

Nine leading financial technology (fintech) companies have been selected for the sixth annual FinTech Innovation Lab Asia-Pacific, a 12-week mentorship program created by Accenture. This year’s program set a record for applications, with submissions from more than 170 companies. Leveraging AI, RegTech, blockchain and other technologies, the nine selected startups