Sydney-based pocket money management startup Spriggy has closed a $2.5 million funding round to help parents teach their children about finances and savings, after its co-founders left their corporate banking roles “to do more for their customers” than what the big...
Due at the end of this week, head of federal government’s open banking review, Scott Farrell, is hoping submissions will consider the benefits of the regime from the customer perspective. “I am interested in what the industry thinks their customers really...
Macquarie makes a big move. Fintech startups and smaller financial services providers will be able to access data from the bank – with customer consent – in a pioneering arrangement known as “open banking” to let them build applications and services around the bank....
Australian retailers are beginning to embrace online first and collect later approach to business. In Australia 42% of retailers are now offering ‘click and collect’, and perhaps in response to the impending threat from Amazon’s entry, this number is up from 24% in...
Acorns Australia, the micro-investing app, has reached a milestone of over $100 million in funds under management (FUM) which highlights Australians’ appetite for new ways to save and invest. Read the article here to see how the Australian Fintech landscape is shaping...
Xinja, which hopes to lead a wave of new digital start-up banks, says moves to relax the strict licensing regime for the industry are already making investors more willing to back small challenger banks. Xinja, which is looking to raise $10 million to $15 million in...
Australia’s ecommerce landscape is continuing to transform at a rapid rate. The entry of new marketplaces, the proliferation of pay-later services, and a growing range of delivery options are fundamentally conditioning and changing consumer behaviour with the...
Businesses may have become savvy to the standard phishing scam that impersonates the tax office or a government regulator, but new figures released by the Australian Criminal Intelligence Commission have revealed a craftier type of attack is on the rise in Australia....
The business world may be enthralled with Amazon’s moves to become a major supermarket player, but Chinese e-commerce giant Alibaba says it is already strides ahead and is opening up new ways for Australia food producers to access its more than half-a-billion...
Fintech TransferWise is moving forward with its plan to reach neobank status, by rolling out its Borderless service to more countries. The Borderless service, which was first introduced in May, allows businesses to receive payments and transactions like they have a...
“Our partnership with OPMC stands out for the responsiveness, ease of collaboration, and shared commitment to our joint customers. Their team is quick to address challenges and always prioritizes our joint customers’ needs, leading to innovative solutions. Working with them is seamless, thanks to their understanding and proactive approach. We’re grateful for this partnership and the positive impact it’s had on our business.”
