Australia

Australia’s Government Facing More Pressure For Lack of Banking Oversight
Australia’s Government Facing More Pressure For Lack of Banking Oversight
April 23, 2018  |  International

The government of Australia is facing new pressure this weekend over its initial desire not to launch an inquiry into the banking sector, which is...

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Australia Outpaces US In FinTech Adoption, OnDeck Says
Australia Outpaces US In FinTech Adoption, OnDeck Says
April 18, 2018  |  B2B Payments

Australia’s adoption of alternative finance and FinTech is outpacing that of the U.S., according to OnDeck Capital Chief Executive Noah Breslow. Reports in The Sydney...

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Aussie Firms Struggle With Domino Effect Of Supplier Collapse
Aussie Firms Struggle With Domino Effect Of Supplier Collapse
April 17, 2018  |  B2B Payments

A new survey by My Business released on Monday (April 16) highlights the challenges Australian businesses face when a business partner or supplier collapses. According...

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Australia’s AUSTRAC To Regulate Crypto Firms
Australia’s AUSTRAC To Regulate Crypto Firms
April 11, 2018  |  Cryptocurrency

In Australia, cryptocurrencies are getting more scrutiny from regulators. Reuters reports that the country has moved oversight of digital currency providers to its financial intelligence...

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NAB Employees Suspected In Multimillion-Dollar Invoice Fraud Scheme
NAB Employees Suspected In Multimillion-Dollar Invoice Fraud Scheme
April 11, 2018  |  B2B Payments

Australian officials have reportedly raided three businesses allegedly linked to a multimillion-dollar supplier invoice payment fraud involving National Australia Bank (NAB). Reports in ABC on...

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UK, Australia Sign Stronger FinTech Innovation Pact
UK, Australia Sign Stronger FinTech Innovation Pact
March 26, 2018  |  B2B Payments

The U.K. and Australia are strengthening an existing collaborative agreement to promote FinTech innovation, according to reports in Mondo Visione. The U.K. Financial Conduct Authority...

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UK To Create Crypto Task Force As Part Of FinTech Initiative
UK To Create Crypto Task Force As Part Of FinTech Initiative
March 22, 2018  |  Cryptocurrency

The U.K. is gearing up to delve more into the world of cryptocurrencies by announcing a new task force that will look at the benefits...

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FinTechs To Surpass Banks As Aussie SMBs’ Top Finance Choice
FinTechs To Surpass Banks As Aussie SMBs’ Top Finance Choice
March 20, 2018  |  B2B Payments

FinTechs and non-bank financial service providers are set to take over traditional banks as the preferred choice for small business (SMB) customers in Australia, a...

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Australia Central Bank Acknowledges Faster Payments’ Risk Challenge
Australia Central Bank Acknowledges Faster Payments’ Risk Challenge
March 20, 2018  |  B2B Payments

Australia has just rolled out the New Payments Platform (NPP), a system to facilitate faster payments in the country, but a recent speech by Michele Bullock,...

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