Australia-New Zealand

Is New Zealand Embracing Cryptocurrency?

One of the first ICOs in New Zealand will launch this month. The reason why this project gained so much attention is that New Zealand is known to be one of the strictest countries in the world, in terms of adapting cryptocurrency.

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National Australia Bank to Roll Out Support for Alipay

National Australia Bank (NAB) has become the first of Australia’s big four banks to support the Alibaba Group-backed Alipay mobile payment platform. NAB said today that it has launched a pilot with a small group of its business merchant customers, with the bank intending to roll out support for Alipay across existing point of sale […]

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Oracle Debacle Threatens NZ’s Credit Unions

The aftermath of a problematic core banking upgrade by New Zealand’s Aotearoa Credit Union, with 15,000 members, threatens to drag down the profitability of most of the country’s mutual sector – potentially affecting 200,000 customers.

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Australian Banks Don’t Want Regulation Overhaul

Australia’s major banks aren’t in support of an overhaul to the new Banking Code of Practice. According to Smart Company, Commonwealth Bank, Westpac, NAB and ANZ announced this week that they are in agreement that consumer credit protection laws shouldn’t be extended to cover small business (SMB) lending.

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Why Alibaba Wants to Conquer the Australian Market

The ecommerce giant, however, has its eyes on global domination, with Australia touted by the company as a country full of intrigue. To support its growth in Australia and New Zealand, Alibaba Group in February 2017 opened an ANZ headquarters in Melbourne, overseen by Australia and New Zealand managing director Maggie Zhou, who has been […]

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Can APIs Turbocharge Australia’s Banks and Fintech Companies?

Australia’s fintech scene is getting better and better every year – and new regulations promise to make the ecosystem even better. EY recently found that 83 percent of post-revenue fintech companies in Australia believe their company’s revenues will grow over the span of the next 12 months.

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Mastercard Opens Global Tech Hub in Sydney

The Sydney suburb of St Leonards is the new home to the Australian Mastercard Global Tech Hub, which was formally opened today by NSW Treasurer Dominic Perrottet. Mastercard said that the hub will host some 550 of its employees, as well as serve as a centre of collaboration with the company’s partners.

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New Zealand Has a Bright Future in Fintech

The Reserve Bank and Financial Markets Authority didn’t exactly paint a rosy picture of New Zealand’s banking sector, but that doesn’t mean banks aren’t doing their part to keep pace with innovation. The fintech sector has brought in 220 million worth of exports into the New Zealand economy and has grown 33 in the last […]

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Neo-banking in Australia

Soon, going into a bank branch to speak to the manager about getting a loan will be as outdated as driving to Blockbuster to rent a VHS cassette.Banking in Australia will increasingly be digitised over the coming years, as neo-banking looks set to disrupt Australia’s financial industry.

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VIDEO: The Payments Landscape – Sibos 2018 Highlights

A summary of the week’s debate and discussion on the topic of the payments landscape at Sibos, the global financial services networking event recently held in Sydney.

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Landmark Report Tells New Zealand’s Banks to Change Culture, Remove Sales Incentives

New Zealand banks have been issued a warning to change their culture in a landmark report into banking conduct. The report by the Financial Markets Authority and the Reserve Bank does not consider there to be widespread misconduct or poor culture issues across NZ banks, as has been discovered by a Royal Commission in Australia.

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Australia Forms Body to Handle SMB’s Bank Disputes

Australia’s new government entity, designed to support small businesses (SMBs) claiming mistreatment by their banks, has opened its doors, reports in Smart Company said this week.

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