Australian court fines Westpac over widespread compliance failure
Australian banking group Westpac has been fined A$113m ($80.6m) for widespread compliance let-downs across multiple businesses. In November 2021, the Australian…
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ANZ, Westpac, CBA-backed blockchain startup closes Series A round
Lygon, a Sydney-based blockchain startup has raised A$12.75m ($9.4m) in a Series A funding round, Australian Financial Review reported. Australia and…
Singapore and Australia sign fintech cooperation agreement
The Monetary Authority of Singapore (MAS) and the Australian Treasury have signed a FinTech Bridge agreement to boost cooperation between…
Australian SME banking startup Zeller secures $73m funding
Australian fintech Zeller has announced A$100m ($73m) in a Series B funding round at a valuation of more than A$1bn ($731.2m). US-based…
CBA to dilute $1.31bn stake in Bank of Hangzhou
Commonwealth Bank of Australia (CBA) has signed a deal to sell a 10% stake in China’s Bank of Hangzhou (HZB) for $1.31bn…
Mambu, Change Financial partner to offer digital banking and payment solutions
Cloud banking platform Mambu has formed a partnership with payments as a service (PaaS) provider Change Financial (Change) to offer digital banking…
CBA to launch new technology hub in South Australia
Commonwealth Bank of Australia (CBA) has announced plans to launch a technology hub at Adelaide’s CBD in South Australia to…
CBA buys minority stake in Australian fintech Paypa Plane
Commonwealth Bank of Australia (CBA) has formed a partnership with local fintech firm Paypa Plane to improve payment experience for…