Fintech
WIth $24 billion in economic gains up for grabs, it is less a question of whether banks will embrace tokenisation but whether they will try to keep fintechs out.
The $100 billion fintech’s ambitions go far beyond competing with Airwallex and Wise as it tries to become one of the world’s biggest business banks.
RBA assistant governor Brad Jones told Capital Brief that new consultations and working groups will be convened to facilitate stablecoin innovation. But scaling could take up to 20 years.
Founder and former chair Andrew Abercrombie jumped from the board before his fellow shareholders had the chance to push him. But he might be playing a longer game.
The big four bank has turned to Nuno Matos’ former employer HSBC yet again for another senior hire.
The digital asset industry has warned Treasury it is overestimating startups’ ability to comply with a regime designed for banks and super funds.
The company expected to conduct the next big IPO on the ASX says it can survive no matter what the RBA decides on payments next week, as scepticism swirls over its mooted valuation.
In a week of AI anxiety, Block CEO Jack Dorsey announced cuts of almost half the workforce to chase its efficiency gains. The investor verdict so far: more, please.
Around 25 roles have been shed from the team working on a key pillar of open banking which could spark nervousness within the fintech community about the government’s commitment to the reforms.
AUSTRAC’s probe is testing Airwallex’s compliance and reputation as the fintech upstart pushes global expansion and fights to move past lingering controversies.
They offer subtly different products and target different customers, but payments fintechs like Airwallex, Wise, Revolut and YouTrip are threatening bank dominance and rapidly reshaping global finance.
After a favourable ATO ruling, Vield is set to secure Australia’s first warehouse facility for crypto-backed loans from a traditional lender.
As Airwallex celebrates a decade in business, the Australian-founded fintech darling faces mounting scrutiny over its China ties, data practices and internal culture.
An ugly spat on X this week has underscored the intrigue surrounding Airwallex and its backstory, amid simmering tensions between the US and China on tech.
