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12 January 2018 • By Staff Reporter • 1 min read

Crowdfunding approvals pave way for neo-banks

So-called neo-bank Xinja has welcomed ASIC’s provision of seven AFSLs for crowd-sourced funding intermediaries as a boon for banking innovation

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Acorns launches carbon offsetting feature

Acorns Australia has signed an agreement with spot exchange operator CBL Markets to allow users to offset their monthly carbon footprint through a new ...

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DomaCom funds integrated into Xplan

DomaCom’s property sub-funds have been integrated into Xplan, the financial advice software owned by IRESS. Fractional property investment company ...

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Tyro launches new SME-focused product suite

‘Neo-bank’ Tyro has introduced a number of new financial solutions for small- to medium-sized enterprises using its cloud-based banking platform

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NAB launches $100,000 in unsecured loans

NAB has announced an unsecured online lending tool for small businesses to borrow up to $100,000 without security requirements. According to a ...

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RBA derides ‘speculative mania’ of bitcoin

Bitcoin is unlikely to ever become a legitimate currency due to its poor governance, high transaction costs and extremely volatile price, says RBA ...

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No changes to fintech sandbox: ASIC

The corporate regulator has resisted calls to amend the structure of its fintech sandbox pending the government’s implementation of its “enhancements” ...

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Super funds blind to data risks: Link Group

Increasing efforts by super funds to collect and analyse member data are opening up the sector to extortion and reputational damage, says Link Group

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ASX to replace CHESS with blockchain software

After spending more than two years exploring distributed ledger technology, the ASX has confirmed it will replace CHESS with a solution developed by ...

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The banks won’t buy us: Hub24

The current rise of managed accounts is comparable to the take-up of platforms in the late 1990s, says Hub24, but this time the banks are likely to ...

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