Australia

News

Westpac Announces Tech Upgrade

Australian bank Westpac has announced its intention to invest billions of dollars in simplifying its technology infrastructure over the next four years.

News

Australians Increasingly Use Crypto for Retirement Funds

A recent report shows a 400% growth of crypto assets share in “self-managed super funds” used by Australians as a means to secure their retirement life.

Science & Technology

Paramount+ Launches Premium Internationally

The active emergence of new consumer coverage formats currently observed in the sphere of streaming, aimed at creating the most favorable conditions for interaction with virtual platforms for representatives of various groups from the point of view of financial well-being, prompted Paramount + to launch its premium tier on an international scale.

Science & Technology

Australia Watchdog Fines X

The Australian watchdog for Internet security has fined the social network X, which has been owned by billionaire Elon Musk since October last year.

News

Mastercard Reports on Wrapped CBDC Solution Success

Mastercard has participated in the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre’s (DFCRC) central bank digital currency (CBDC) pilot project, showing positive results.

Fintech & Ecommerce

Australia Plans to Regulate Digital Payment Services

The Australian government has officially announced plans to introduce new legislation that will give the Reserve Bank of Australia the authority to carry out activities to regulate digital payment services, including providers of virtual wallets.

News

Swyftx Earn and Learn Platform Pays Aussies for Crypto Education

Australian crypto exchange Swyftx is going to reward customers learning about crypto scams through a new “Earn and Learn” education platform

News

FinTech Startup Yeeld Partners With Airwallex to Accelerate Global Payments

Fintech startup Yeeld announced the beginning of cooperation with the financial company Airwallex in order to accelerate global payment operations and other transactions for customers.

News

Amazon’s Robot Workers to Manage Warehouse in Australia

The Australian branch of Amazon plans to move to the largest warehouse in this country.

Finance & Economics

Westpac Splits Consumer and Business Banking Unit

The combined Westpac business unit is going to be split into two, each with its own CEO

Society & Lifestyle

Australian Firm Facilitate Corp Sues Twitter

An Australian company that carries out project management activities has filed a lawsuit against Twitter in a US court.

News

Australia Threatens to Fine Twitter

The Australian cybersecurity regulator turned to Twitter, the current owner of which is billionaire Elon Musk, with a request to provide an explanation of the concept of this digital platform to combat the spread of materials that promote hate speech in the virtual space.

News

Australian Bank Limits Transfers to Crypto Exchanges

Commonwealth Bank (CBA), the largest bank in Australia, would decline or put “certain payments to cryptocurrency exchanges” on a 24-hour hold, and limit crypto transfers

Fintech & Ecommerce

Australia Wants to End Check Payments

In Australia, the era of paper checks is gradually coming to an end.

Science & Technology

Kasisto Introduces Banking-Specific LLM KAI-GPT

The KAI-GPT large language model (LLM) is designed to address the banking industry’s unique needs for accuracy, transparency, trustworthiness and customization

Fintech & Ecommerce

FinTech Australia and FDATA Call For CDR Roadmap

The leading Australian peak body of the fintech industry, FinTech Australia, and the global non-profit organization supporting open banking companies, FDATA, have published a joint appeal addressed to politicians calling for the creation of a roadmap for the implementation of consumer data rights (CDR).