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Westpac does massive tech overhaul

News | Online & Mobile Banking | 01 Apr 2024

Westpac has launched Project Unite to commit 30% of USD 1.17-1.3 billion to simplify tech, reducing platforms from 180 to 60 for cost efficiency and better outcomes.

banking, product upgrade, Open Banking, digitalisation, risk management

Avenue Bank receives full APRA licence

News | Online & Mobile Banking | 05 Mar 2024

Australia-based Avenue Bank has landed a full banking licence from Australian Prudential Regulation Authority (APRA).

SMEs, digitalisation, cash flow, banking license, banks

Alex Bank partners with Temenos to launch Term Deposits

News | Online & Mobile Banking | 16 May 2023

Australia-based digital bank Alex Bank has launched its Fixed Term Deposits in partnership with the global open platform for composable banking Temenos.

partnership, product launch, online banking, digital banking, mobile banking, financial services, financial institutions

Australian banks reportedly asked to relay crypto transactions

News | Cryptocurrencies | 21 Mar 2023

The Australian Prudential Regulation Authority has reportedly asked banks to report on transactions involving crypto assets and to provide updates.

cryptocurrency, compliance, banks, transactions

Neobank Alex obtains its banking licence

News | Online & Mobile Banking | 22 Dec 2022

The Australian Prudential Regulation Authority (APRA) has granted Alex, a digital challenger bank, its full banking licence. 

banks, banking license, fintech, neobanks, challenger bank

Indue, BioCatch offer behavioural biometrics powered fraud detection

News | Digital Identity, Security & Online Fraud | 12 Oct 2022

BioCatch has partnered up with Indue, end-to-end payment solution provider in Australia and New Zealand, to help protect Indue’s customers from fraud.

partnership, fraud prevention, fraud detection, artificial intelligence, behavioural biometrics

Wise approved to join Australia's New Payments Platform

News | Online Payments | 27 Sep 2021

Wise, a UK-based multi-currency accounts and international transfer company, has been approved to join the New Payments Platform (NPP) as a participant and shareholder.

regulation, fintech, instant payments

Australian Prudential Regulation Authority issues stricter standards for banking licences

News | Online & Mobile Banking | 13 Aug 2021

The Australian Prudential Regulation Authority (APRA) has issued stricter standards for prospective neobanks that apply for banking licences following Xinja’s collapse.

neobanks, banking licence, regulation, challenger bank, banks

MyLife MyFinance chooses Temenos for digital transformation

News | Online & Mobile Banking | 12 Apr 2021

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

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

News | Online & Mobile Banking | 22 Feb 2021

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

Xinja to finalise the funding deal with World Investment Group

News | Online & Mobile Banking | 10 Nov 2020

Australia-based neobank Xinja has announced that it is working closely with Dubai-based World Investment Group (WIG) to finalise the AUD 433 million funding deal announced in March 2020.

Xinja, World Investment Group, online banking, fintech, neobank, Australian Prudential Regulation Authority, investment, Australia

APRA to resume issuing new banking licences

News | E-invoicing, SCF & E-procurement | 12 Aug 2020

The Australian Prudential Regulation Authority (APRA) has announced it will resume issuing new banking licences in September 2020.

APRA, banking, banking licence, Australian Prudential Regulation Authority, Australia, regulator

IMB Bank to merge with Hunter United

News | E-invoicing, SCF & E-procurement | 06 May 2020

Australia-based IMB Bank has received the regulatory approval from the Australian Prudential Regulation Authority (APRA) to merge with Hunter United.

IMB Bank, Hunter United, Australia, Australian Prudential Regulation Authority, APRA, banking

Australia gives banking license to mobile banking startup Xinja

News | Online & Mobile Banking | 11 Sep 2019

Australian Prudential Regulation Authority granted a new banking license to mobile banking startup Xinja Bank.banking licence.

Australia, Australian Prudential Regulation Authority, banking licence, Xinja Bank, Australia

Judo Bank goes live with Temenos T24 to fuel its SME offerings

News | Payments General | 10 May 2019

Australia-based Judo Bank has gone live with Temenos T24 Transact, Analytics, Financial Crime Mitigation and Channels- Temenos Infinity’s module, running on Temenos cloud.

Judo Bank, Temenos, SME, partnership, banking

Australian challenger 86 400 partners with Vow Financial for home loans

News | Payments General | 15 Apr 2019

Australian challenger bank 86 400 has secured national distribution with Vow Financial, one of the aggregators in Australia and part of the Yellow Brick Road Group.

challenger bank, 86 400, Vow Financial, loans, banking, lending, payments , Australia

iSignthis releases Australian card processing facilities for merchants

News | Cards | 06 Feb 2019

iSignthis has concluded a series of commercial agreements with technical interconnects to process cards in Australia for the AML regulated and general merchant sectors.

iSignthis, AML, cards, high risk merchants, Australia, National Australia Bank, ISXPay

Australian challenger Volt gets full banking licence

News | Payments General | 22 Jan 2019

Australian challenger Volt Bank has became the first digital challenger bank to be granted a fully-fledged banking licence.

Volt Bank, banking licence, digital, challenger, Australia

Volt prepares for Australian open banking with Temenos

News | Payments General | 21 Dec 2018

Australia-based challenger Volt Bank has gone live with Temenos’ T24 core banking system, financial crime mitigation and analytics on the cloud.

Volt Bank, Temenos, open banking implementation, Australia, Open Banking, Open API, cloud-based open banking, T24 core banking system, Australian Model Bank

Xinja receives banking licence from APRA

News | Online & Mobile Banking | 18 Dec 2018

Xinja has received a restricted banking licence from the Australian Prudential Regulation Authority (APRA), officially becoming a bank.

Xinja, banking licence, Australian Prudential Regulation Authority, digital, banking, Australia