Australia

Lawsuits Likely In Aussie Bank Probes
Lawsuits Likely In Aussie Bank Probes
August 19, 2019  |  Bank Regulation

The Australian Securities and Investments Commission (ASIC) is just weeks away from filing lawsuits against the country’s biggest banks, as the regulator increases its active...

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Citi Pilots Credit Card Installment Loans Down Under
Citi Pilots Credit Card Installment Loans Down Under
August 18, 2019  |  Loans

Citi Australia wants in on the burgeoning buy now, pay later market and is launching a new installment loan product with Kogan that will swap...

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PayPal Australia Reaches $500M SMB Loan Volume
PayPal Australia Reaches $500M SMB Loan Volume
August 13, 2019  |  B2B Payments

PayPal Australia’s small business lending operations have reached a new milestone, facilitating $500 million in working capital loans, reports in Finder said on Monday (Aug....

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Bitcoin Daily: AU Police Charge Five In Crypto Cold-Calling Scam; EZ365 To Launch Blockchain Ecosystem For Crypto Trading And Betting
Bitcoin Daily: AU Police Charge Five In Crypto Cold-Calling Scam; EZ365 To Launch Blockchain Ecosystem...
August 08, 2019  |  Bitcoin

Authorities in Australia have charged five individuals in connection with a digital currency investment scheme, which reportedly bilked victims out of $2.7 million, TheNextWeb reported....

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Afterpay Reports 6.5K Merchants On Payments Platform
Afterpay Reports 6.5K Merchants On Payments Platform
August 08, 2019  |  Retail

Afterpay, the leader in “buy now, pay later” payments, said in a press release that its second bi-annual two-day sale, Afterpay Day, will take place...

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Pressure Mounts On Big Four Auditors
Pressure Mounts On Big Four Auditors
August 07, 2019  |  B2B Payments

The former chairman of the Australian Securities and Investments Commission has warned of Enron-style corporate collapses thanks to failings of the nation’s auditing industry, according...

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Australia’s Big Banks Defend Spending Millions On Outside Auditors
Australia’s Big Banks Defend Spending Millions On Outside Auditors
August 05, 2019  |  Regulation

Australia’s four biggest banks, along with large accounting firms, have joined forces to defend the use of independent audit firms as consultants. According to a...

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Credible Labs Valued At $397M In Deal With Murdoch’s Fox
Credible Labs Valued At $397M In Deal With Murdoch’s Fox
August 05, 2019  |  Investments

Rupert Murdoch-controlled Fox Corp is buying personal finance broker Credible Labs in a deal valued at $397 million, Reuters reported on Monday (Aug. 5). The...

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Australia To Create New Regulatory Branch To Monitor Facebook, Google
Australia To Create New Regulatory Branch To Monitor Facebook, Google
July 26, 2019  |  Regulation

In a move that could establish a precedent for global lawmakers, Australia said it would create an office to police Google and Facebook. Governments from...

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