Briefs: ASIC CEO resigns, Pepper prices ABS, Butn tops up capital 16 April 2024 3:35AM Latest news John Kavanagh ASIC chief executive Warren Day is leaving the regulator to join the Commonwealth DPP. read more
Debenture decision all backwards 15 March 2024 5:13AM Latest news Ian Rogers In a decision that seems unlikely to stand, the Federal Court has found that Finder Wallet Pty Ltd’s crypto product Finder Earn is not a debenture. read more
Deposit gap funder in administration 07 March 2024 5:51AM Latest news John Kavanagh A start-up promising to help home buyers bridge the deposit gap has gone into administration, just months after launching its loan. read more
Fintech technically insolvent 04 March 2024 3:55AM Latest news John Kavanagh Douugh’s December half financial report reveals the fintech is technically insolvent. read more
humm clean-up continues 21 February 2024 6:06AM Latest news John Kavanagh Finance company humm remains in a rebuilding phase, with the rationalisation of its product set that started a couple of years ago yet to be completed and a number of initiatives designed to revitalis.. read more
Briefs: Splitit trades on PrimaryMarkets, Thinktank appoints head of credit risk 13 February 2024 4:46AM Latest news Banking Day staff After delisting from the Australian Securities Exchange in December, buy now pay later company Splitit has established a share trading facility with PrimaryMarkets, a platform for trading private secu.. read more
Fintech funding to remain tight in 2024 30 January 2024 5:12AM Latest news John Kavanagh The difficult funding conditions that hit fintechs last year will continue in 2024, a new McKinsey report on the sector says. read more
The year in review: the great delisting 11 December 2023 4:53AM Latest news John Kavanagh Splitit is the latest in a long line of small financial services companies leaving a securities exchange that no longer provides them with access to the funding support they are looking for. read more
Funding for fintech start-ups dries up 30 November 2023 2:40AM Latest news John Kavanagh Fintech start-ups are struggling with barriers to entry that are significantly higher than they were 12 months ago, a new report reveals. read more
Airwallex adds high-yield account to its product offering 08 November 2023 4:36AM Latest news John Kavanagh Cross-border payments specialist Airwallex hopes to win more of its clients’ business, with the launch of a multi-currency cash management account. read more
ConnectID goes live 18 October 2023 5:33AM Latest news John Kavanagh Australian Payments Plus has launched its identity verification service Connect ID, promising ID checks without sharing “unnecessary data”. read more
Wise up to 'fastest payments' 29 September 2023 5:02AM Latest news Ian Rogers Wise is emerging as a challenger to take notice of in Australian banking. read more
Square meltdown exposes RBA's 'go-slow' on payments regulation 20 September 2023 5:55AM Latest news George Lekakis Payments experts are mystified why it took Square’s protracted global service meltdown earlier this month for the RBA to act. read more
Joust on auction block 13 September 2023 5:24AM Latest news Ian Rogers Joust, an online home loan marketplace, is undertaking a sale process for the business. read more
Douugh's plans in tatters 04 September 2023 4:38AM Latest news John Kavanagh After withdrawing from the US market in the December half of the year, fintech Douugh turned its attention to the rollout of its product in Australia. It hasn’t fared any better in the local market. read more
Novatti banks under the radar 01 September 2023 4:52AM Latest news Ian Rogers Novatti downplayed mention of International Bank of Australia from its full year results. read more
Zepto first to market with instant super payments 23 August 2023 6:11AM Latest news George Lekakis The push by government agencies to mandate real time payments in critical parts of the financial services industry is set to generate more opportunities for startups to build scale swiftly. read more
EML keeps silent as investors sweat over size of 2023 losses 08 August 2023 4:16AM Latest news George Lekakis EML Payments has gone to ground in the last four months as it scrambles to fix non-compliant anti-money laundering systems and a swathe of operational problems in Europe. read more
US payments giant eyes Aussie expansion despite PayTo challenge 25 July 2023 5:19AM Latest news George Lekakis One of the world’s largest payments businesses continues to expand its Australian business profitably with little fanfare. read more
Briefs: ACCC ANZ Suncorp ruling, new Productivity Commission chair, Paypa Plane CEO heads to US 25 July 2023 5:12AM Latest news Banking Day staff The Australian Competition and Consumer Commission has asked for another extension before handing down its review of ANZ’s merger authorisation application for the acquisition of Suncorp Bank. read more