UK-based cross-border payments platform Damisa has secured an Australian Financial Services License from the Australian Securities and Investments Commission (ASIC). The approval allows the startup to offer regulated cross-border payment…
Author: Fintech News Australia
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The Australian Securities and Investments Commission (ASIC) has issued a warning regarding a rise in pump and dump scams conducted through social media and private messaging applications. The corporate regulator…
Digital financial services now shape everyday life, placing greater pressure on companies to earn and keep customer trust. With more transactions, more touchpoints and more customer data, getting security right…
iGoDirect has appointed Greg Duncan as Chief Executive Officer of its Cards & Payments business. He will lead the expansion of the division’s payments solutions, including payouts, disbursements, incentive management…
The Markets Disciplinary Panel (MDP) has fined National Australia Bank’s (NAB) online broker WealthHub A$1.055 million. An ASIC investigation found the firm failed to provide complete and accurate regulatory data…
Australian crypto-backed lending platform Vield has partnered with currency technology provider Integral to automate its hedging, execution and risk management operations. Vield has surpassed A$50 million in approved loans. As…
The Australian Securities and Investments Commission (ASIC) has extended its sector-wide no-action position for digital asset businesses to 30 September 2026. The three-month extension gives firms providing financial services additional…
Deutsche Bank has paid an A$2 million penalty under an infringement notice from the Australian Securities and Investments Commission (ASIC) for misreporting more than 260,000 over-the-counter (OTC) derivative transactions. The…
Digital asset brokerage Swyftx has secured an Australian Financial Services License from the Australian Securities and Investments Commission (ASIC). The approval includes a non-cash payment facility authorisation, positioning the company…
Fraud and AML in Asia have shifted over the past year. Alongside the system-level attacks that continue, panellists point to a growing move towards human compromise, scams that target the…
Fraud is no longer just a back-office concern, but a frontline business challenge As digital experiences accelerate and customer expectations rise, organisations are under increasing pressure to deliver fast, seamless…
ANNA Money Australia has expanded its operating platform for small businesses. Consolidating payments, licensing, and automated tax workflows, the company aims to give business owners one place to manage their…
RealNZ has signed a MoU with Weixin Pay to expand digital payment acceptance across its tourism services in New Zealand. The agreement connects cross-border payment services with destination discovery and…
87% of GXBank’s small-business borrowers had never held a loan before. Deputy CEO Hildah Hamzah explains how the bank reaches them and still makes money. Hildah Hamzah is Deputy CEO…
Westpac has appointed Richard Heeley as its new Chief Information Officer. Heeley joins from Macquarie Group and will oversee the bank’s technology infrastructure, cyber security, and engineering capabilities. He will…
Payment functionality has emerged as the strongest indicator of customer retention in business-to-business (B2B) software. According to a new study by Worldpay, which polled more than 1,500 businesses across Australia,…
BitMart has secured an Australian Financial Services License (AFSL). The authorisation brings the cryptocurrency exchange under Australia’s new Digital Assets Framework, subjecting it to the same regulatory standards as traditional…
FundTap has partnered with GoCardless to automate repayment collections for its invoice finance products in Australia and New Zealand, supporting its growth in Australia, CFOtech Australia reported. The integration allows…
National Australia Bank (NAB) has launched an integrated operations hub called NAB Nexus. The bank created the facility to track AI threats and protect critical banking services. The hub brings…
Pennant Technologies has partnered with digital product studio Fusion to offer digital loan servicing tools to Australian financial institutions. The integration connects Fusion’s mobile and internet banking interfaces with Pennant’s…