Australia-New Zealand

Most Australians Still Reluctant to Share Personal Financial Data With Fintechs

Australians aren’t quite ready to start sharing their financial data with fintechs and app developers wanting to disrupt the banking industry when Open Banking regulations start from July next year.

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Australians and Kiwis Still Wedded to Cash

NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, has released findings from a study identifying consumer behaviours and attitudes towards banking services across Australia and New Zealand.

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Nielsen: Australians Sick of Banks, Two Million Switching by 2019

A new report from Nielsen found that 3.1 million Australians are dissatisfied with their current financial institution and two million plan on switching. In light of the Royal Banking Commissions ongoing findings, research conducted by Nielsen found that a quarter of Australians do not trust their main financial institution.

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Australia’s Major Banks Used to Launder Money From Russian Mafia

Extraordinary claims that Australia’s biggest banks are unknowingly being ‘used to launder money from Russian mafia in 230million scheme’ Australian banks used to transfer funds from Russian money-laundering scheme Billionaire whistleblower Bill Browder has called for a criminal investigation Bank records show 4.

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Corporate Cybercrime Makes Inroads in Australia

Call it fraud done by bits and bytes, sometimes by ostensibly friendly means. In Australia, roughly half of firms have encountered cybercrime, as the dark web has offered conduits to ply payments and other fraud.

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‘Walk Rather Than a Run to Cashlessness’ in Australia, Says Payments Boss

Cash is used for only 37 per cent of our transactions. Large-scale technology shifts like the introduction of the Reserve Bank’s New Payments Platform and the rise of tap-and-go are hastening the retreat of cash as a transaction mechanism.

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Commonwealth Bank Claims Success in Global Trade Blockchain Test

The Commonwealth Bank of Australia (CBA) has announced the completion of a cross-border shipment that utilized blockchain to track goods in the supply chain.

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UK – New Zealand: A Fintech Bridge Too Far?

While Australia and the UK have established a “fintech bridge“, New Zealand fintech companies looking to expand into Britain and vice versa don’t yet have an equivalent link. Numerous New Zealand-founded fintech firms are eager to establish divisions in the UK in order to scale up their operations in Britain’s much larger market.

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‘Cash Is Definitely Here to Stay’: Most Still Use ATMs

When did you last take out cash? Despite the rapid rise in electronic payments and the best efforts of the tax man to stamp out the black economy, most consumers are still withdrawing cash from ATMs at least once a month, new data shows.

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Alipay Brings QR Code or Tap-n-go ‘Digital Payments’ to Melbourne’s Buskers

Remember that viral video from a few years ago of an Indian man seeking cash donations from the side of the road from Indian drivers, and when told they had no cash on them, he brought out a mobile payment credit card terminal? Well, what if he could accept payments via QR code instead? This […]

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Westpac Rolls Out Updated Mobile Payments for SMEs

Westpac New Zealand has announced small and medium-sized enterprises (SMEs) can now receive card payments and send invoices, quotes and receipts through the updated Westpac Get Paid app and secured card reader.

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ATO Says Australian Consumers Distrust ‘Cash-only’ Businesses

The Australian Taxation Office (ATO) has published research that shows Australian consumers are more likely to trust a business if they accept electronic payment methods, rather than those requesting payment in cash-only.

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