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Australian government selects iProov for ID verification

The Australian Taxation Office (ATO) has settled on the iProov liveness detection solution for the government's myGovID digital identity credentialing app.

iProov, KYC, identity verification, digital identity

CBA to use custom-build algorithms to help customers impacted by disasters

data, product launch, digital banking

Bank Australia chooses Nuance for voice biometrics verification

Bank Australia has announced it will be using Nuance’s voice biometrics technology to verify the identities of its customers.

Bank Australia, biometric authentication, financial institutions, fraud detection

Railsbanks enters the Australian market

BaaS, partnership, banks

Commonwealth Bank of Australia to launch BNPL offering

CommBank, BNPL, ecommerce

Geoscience Australia taps Link4's technology for e-invoicing implementation

e-invoicing, partnership

Australia-based BNPL provider Zip branches into contactless payment

Zip, an Australia-based Buy Now, Pay Later (BNPL) platform, has announced plans to expand into contactless payments.

BNPL, product launch, contactless payments, online payments

eftpos to launch new ecommerce anti-fraud tools in 2021

eftpos, fraud prevention, 3-D Secure

The Department of Industry, Science, Energy and Resources introduces e-invoicing solution

e-invoicing, product launch, accounts payable

Bookipi launches its invoice payments platform

fintech, e-invoicing, payments infrastructure, product launch

Afterpay launches virtual card for in-store payments in Australia

Afterpay, BNPL, virtual card, ecommerce

Westpac partners with FrankieOne for its BaaS platform

partnership, fintech, BaaS, banking licence

Mastercard joins FinTech Australia

Mastercard, fintech, partnership

CBA fined with USD 7 mln for overcharging interest to customers

banks, regulation

MyLife MyFinance chooses Temenos for digital transformation

Australia-based challenger bank, MyLife MyFinance has partnered with Temenos for a digital overhaul of its banking infrastructure. 

partnership, digital banking, online banking, API, fintech

Klarna, Flybuys partner to offer Australians enhanced loyalty rewards

Klarna, partnership, BNPL, loyalty programme

Heritage Bank taps EY for Open Banking solution

Heritage Bank, EY, Open Banking, Australia

Australia's Bank of Queensland to buy ME Bank for AUD 1.33 bln

Australia-based Bank of Queensland (BoQ) has announced it will buy ME Bank, a digital lender owned by 26 industry pension funds, for AUD 1.33 billion.

Bank of Queensland, ME Bank, digital lender, equity raise, Big Four, banking, boq, Australia

Heritage, Ernst & Young to offer Open Banking solution

Australia-based Heritage Bank has announced it will team up with Ernst & Young Australia (EY) to deploy a new Open Banking solution.

Heritage, Ernst & Young, Open Banking, partnership, EY, CDR, Open Data, Open Finance

Commonwealth Bank of Australia to suggest models for Australia-wide digital ID oversight

The Commonwealth Bank of Australia (CBA) has suggested that Australia’s digital ID system oversight is best left to existing, broad-based regulators and, where possible, industry self-regulation.

Commonwealth Bank of Australia, CBA, digital identity, myGovID, data privacy, data security