The Australian Securities and Investments Commission (ASIC) has launched a consultation on new regulatory guidance for buy now, pay later (BNPL) providers ahead of upcoming legal changes. From 10 June…

Sumsub, a full-cycle verification platform, has introduced its Australia DVS (Document Verification Service) Verification product. This solution offers real-time, government-backed validation of identity documents, including passports, driving licences, and visas.…

Banking Circle, a Luxembourg-licensed bank specialising in next-generation banking services, is set to acquire Australian Settlements Limited (ASL), an authorised deposit-taking institution. The acquisition is subject to regulatory approvals and…

The Australian Securities and Investments Commission (ASIC) has filed a lawsuit in the Federal Court against Oztures Trading Pty Ltd, operating as Binance Australia Derivatives, over alleged consumer protection failures…

The Australian Securities and Investments Commission (ASIC) has launched legal proceedings against HSBC Australia, alleging systemic failures in protecting customers from financial scams. According to documents filed in the Federal…

Australia has announced a US$50 million investment in Singapore’s Financing Asia’s Transition Partnership (FAST-P) to support sustainable infrastructure development and clean energy transition in Southeast Asia. FAST-P aims to mobilise…

Crypto.com has acquired a brokerage and trading firm Fintek Securities regulated by the Australian Securities and Investments Commission. This acquisition will allow Crypto.com to expand its offerings for its eligible…

Australia has unveiled a three-year initiative to explore the potential of central bank digital currencies (CBDCs) with a focus on wholesale CBDC opportunities, industry outreach and regulatory improvements, Brad Jones,…

Experian has completed its acquisition of consumer and commercial credit bureau, illion, for A$820 million. John Banfield, CEO of illion, will step down following the acquisition’s completion. The acquisition includes…

Commonwealth Bank of Australia (CBA) has announced the sale of approximately 5% of its shares in Vietnam International Commercial Joint Stock Bank (VIB). The transaction, executed on 24 September 2024,…

Judo Bank, Australia’s SME-focused challenger bank, has successfully transitioned its lending business to Thought Machine’s Vault Core platform, a cloud-native core banking system. This transition marks a major step in…

Backbase has implemented a digital banking platform for Australia’s MyState Bank to support the bank’s future growth and improve its digital services. The platform now supports MyState’s personal digital banking…