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Technology news for Australia's largest enterprises

Digital banking news stories - Page 1

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Digital Transformation
Payment disruptions in digital banking - Entrust report
With the transformation of banking and payments is accelerating, the industry has caught disruption from many angles due to web trends and the global pandemic.
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Digital banking
Philippines neobank Tonik steps up banking game with Google Cloud
According to Tonik founder and CEO Greg Krasnov, the company needed to drive its value proposition not just through cost, but also consumer trust.
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Fintech
Fintech innovation is bridging financial divides in Asia Pacific - report
A new report shows fast-paced fintech innovation in Asia Pacific has a measurable, positive impact on access to financial services in the region.
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Fintech
Mambu raises $235 million in latest funding round, sets sights on global growth
Mambu, the modern SaaS banking platform, has announced it has raised $235 million in an EQT Growth-led Series E funding round, the largest financing round to date for a banking software platform.
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Cryptocurrency
Cryptocurrrency: The next big thing Australia's banks need to keep an eye on
Banks should keep a finger on the pulse of the growing demand for cryptocurrency services, according to a global study by Visa.
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Cloud Banking Solutions
Bank Australia rolls out voice biometrics designed by Nuance
After a successful test rollout at the end of 2020, the bank is now offering voice-based biometric protection to all customers. 
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Cloud Banking Solutions
Technology decisions can make or break a digital bank
Adapting to change used to be a bank’s biggest liability. Now it can be its biggest asset.
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Fintech
Video: 10 Minute IT Jams - Who is Mambu?
Mambu is a SaaS banking platform, providing technology to banks and others to power lending, deposit and other banking products.
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Robotic Process Automation / RPA
AI in the finance sector - and how it will revolutionise banking
With the bar to success set so much higher amid lockdowns, innovation is almost essential, and one of the clearest paths to innovating a business model is through AI.
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Fintech
Modern fintech services trump traditional banking solutions for small businesses
Modern fintech services reportedly better serve micro, small to medium enterprises (MSMEs) across the Association of Southeast Asian Nations (ASEAN) when compared to traditional banking solutions.
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Digital Transformation
Backbase expands APAC presence with new Aussie offices
“With accelerating customer adoption of digital and regulated open banking, the future landscape presents significant opportunities for banks with the capabilities to adapt, offering holistic financial solutions and personalising at scale.”
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Digital banking
How faster data is helping financial services firms cope with new demands
Since the Royal Commission into banking in Australia shone a spotlight on the industry, banks and other financial institutions have been under more pressure than ever before to know exactly where their data is.
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Internet banking
Growth of digital payments set to cost Australian banks US$3 billion
Banks must change their business models to avoid massive shortfall in the next five years.
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Commerce Systems
Banks feeling the pressure of the digital revolution
A new report found that competition is increasing between established retail banks and the technology and eCommerce disruptors that are offering new payment solutions.
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Fintech
Sydney fintech firm impresses Royal Bank of Scotland Group
Sydney-based fintech firm Waddle has successfully completed a six-month pilot partnership with the Royal Bank of Scotland Group (RBS Group).
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Identity and Access Management
The three new fronts in the fight against fraud
Along with greater speed comes new fronts in the fight against fraud. Here are three trends to watch as financial institutions balance speed and security.
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Xero
Xero to streamline bank feed system next week
Xero is hinting at new changes to its bank feeds system that could eliminate all paper application forms, manual checks and accuracy checking.
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Scams
"Is this for real?" The reality of fraud against New Zealanders
Is this for real? More often than not these days it can be hard to tell, and it’s okay to be a bit suspicious, especially when it comes to fraud.
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Commerce Systems
New Zealanders love digital banking - what it means for eCommerce
New Zealand consumers love online banking because of its speed and convenience, but they’re also worried about sharing too much personal data.
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Fintech
Australia grants first banking license to fintech startup
Restricted licensees can call themselves a “bank” but cannot “actively” conduct business and have two years to become fully licensed.
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Digital banking
Xinja sneaks into home-loan market with Aussie credit licence
The licence is a significant step toward the company’s goal of building the first Australian, independent digital ‘neobank’.
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Blockchain
‘Banking for blockchain’ platform raises AUD$37m in pre-ICO round
Bankera’s ‘digital bank’ will provide traditional banking and investment banking services to the blockchain marketplace including payments and loans.
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Smartphone
Interview: The dark side of biometrics - why social engineering could destroy security
In depth with One Identity: "Anyone who has let a stranger hold an unlocked phone is putting themselves at risk of being breached."
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Phishing
NAB phishing scams making the rounds, MailGuard reports
A new wave of bank phishing emails is hitting recipients, this time from attackers impersonating National Australia Bank.