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09 April 2020 • By Lachlan Maddock • 1 min read

Aussie neobank gets huge cash injection

An Australian neobank has pulled off a massive series A round, raising millions to accelerate product development. 86 400 raised $34 million in ...

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APRA decision will ‘stifle innovation’

APRA’s decision to suspend issuing licences could bleed Australia’s fintech industry of money and jobs. On 8 April, APRA warned that it will not ...

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Finance falling behind on cybercrime

Finance is constantly under threat from data breaches and new forms of cybercrime, but many institutions are still failing to take action

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Aussie neobank gets massive cash splash

One of Australia’s underdog neobanks has received hundreds of millions in funding from a global banking industry investor. Xinja received $443 ...

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Major asset manager ditches ETFs

A major asset manager has shuttered its ETFs after they failed to attract investors. UBS Asset Management announced that it will shut down six of ...

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ETFs weather coronavirus storm

ETFs have passed the “real-life test of extraordinary volatility” as markets tumbled amid the coronavirus rout. After 14 solid months, the ...

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Banks playing “catch-up” on data

Incumbent banks need to leverage data technology to improve product innovations and stay ahead of upstart challengers, according to enterprise data ...

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Xinja halts new savings accounts after rate cut

Neobank Xinja has halted the roll-out of its new savings account as record low rates weigh on its business. Xinja took the “unprecedented” step of ...

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Timeline for Toll recovery still unclear

While Toll has resumed services for around 90 per cent of its customers, a full systems recovery appears to be some weeks away. Toll’s Global ...

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BOQ unveils five-year strategy

The 145-year old bank has upgraded its guidance and aims to spend big on a multi-million-facelift to its core offerings and systems. BOQ’s new ...

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