Fintech

Treasury is expected to release a draft of its Digital Asset Platforms legislation by the end of the year, and the local industry is getting ready.

While data remains largely anecdotal, a raft of new deals suggests the NPP's fledgling PayTo feature is gaining traction and accelerating the take up of real-time payments.

Global payments and business services fintech Airwallex has obtained an Australian Financial Services licence allowing it to expand its cash management offer.

Global fintechs like Volt and GoCardless are attracted to Australia's consistent growth in real-time payments, driven by customer behaviour and business demand.

The banks are facing off with fintechs in the debate over the failure and future of open banking in Australia. Either way, the regime faces obvious challenges.

The big banks have a mixed record with their VC funds, but National Australia Bank remains committed to NAB Ventures and it's on the lookout.

For some, size brings scale efficiencies. For others, costly complexity. Technology and regulation are the battle ground for scale in banking and it is here smaller banks are seeing opportunity.

Official data don't support a BNPL growth story meanwhile investors - and BNPL providers - are increasingly looking beyond the specific, youth-oriented, product.

The financial complaints authority and financial counsellors are seeing growing financial distress from BNPL and support tighter regulation.

Anti-fraud measures and workplace productivity are among the most immediate use cases for AI in financial services — but human intelligence remains central.

Despite the struggles faced by pure play BNPL providers, the payment option looks like it will survive, boosted by popularity among younger people. But it's the established players who may benefit the most.

In the latest sign of big banks being more willing to partner with fintechs, CBA has teamed up with property platform Coposit to ease access to off-the-plan properties.

Schroders has been exploring building investment teams without analysts, and instead using AI to assist portfolio managers.

Investors drove WeMoney's new $3 million funding round and its founder says that reflects a view greater opportunities are emerging, amplified by better access to comparable data via the Consumer Data Right.

Some clarity around the chain of liabilities for Bonza's payments has emerged but consumers and payment service providers are still waiting for details on refunds.

Australia's banks are solid, with the economy resilient, bad debts under control and margin pressure easing. But investors are increasingly asking how these unexciting fundamentals support over-valued shares.

Stripe Australia managing director Karl Durrance says advances in stablecoin have paved the way for the global fintech’s long-awaited return to the cryptocurrency market.

Travellers who used the real-time PayTo service will hope the troubled airline can manage refunds because, unlike with credit or debit cards, they can't fall back on a bank.

Further consultation on digital asset platform regulation, which includes crypto, is adding to growing concern over investor uncertainty.

As traditional financial institutions pull back from earlier VC-type models, Visa, Mastercard and many banks are sharpening their fintech investment programs.

The big four bank today unveiled ambitious — and costly — plans for a long-awaited tech overhaul. The market wasn't that impressed.

The big four bank has a crisis CEO and a cyberpunk tech platform. Both are going to change, its chair Steven Gregg has been telling investors and analysts.

Investor Mark Carnegie is among those keeping an eye on new blockchain based assets soaring in the current crypto rally.