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
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Australia Wants to End Check Payments
In Australia, the era of paper checks is gradually coming to an end.
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 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).
Reserve Bank of Australia Tests CBDC Use Cases in Pilot
In Australia, the Reserve Bank, in collaboration with the Digital Finance Cooperative Research Centre (DFCRC), demonstrated the potential use cases and economic benefits of the central bank’s digital currency (CBDC).
Lululemon Adds Textile Recycling to Its Circularity Initiatives
Lululemon has directed a minority investment in the Australian waste recycling company Samsara Eco.
Westpac Bans Transfers to Binance
The Australian bank Westpac has blocked the possibility of financial operations for the transfer of funds to a division of Binance, which operates in Australia.
Revolut Has a New Offering for Australian Businesses
Besides a new offering for businesses in Australia, the crypto-friendly digital bank Revolut is still looking to secure a banking license to expand its services UK-based fintech firm Revolut has launched international payments-focused accounts for business clients in Australia, looking to create an app or platform where “people can manage their entire financial lives in […]
Australia Conducts First CBDC FX Transaction
In the framework of a live pilot for the country’s potential central bank digital currency (CBDC), Australia has made a historic FX blockchain transaction
Latitude Financial Refuses to Bow to Ransomware Demands
The Australian consumer creditor Latitude Financial has received a demand from criminals who carry out their illegal activities in the virtual space to redeem previously stolen data.
JCards Launches Time-Tracking App for Mobile Workforces
JCards has launched an application for tracking working hours, which is designed for mobile employees.
CBA and Telstra Trial Scam Indicator
Commonwealth Bank of Australia is exploring a Scam Indicator solution able to protect its joint with Telstra clients from phone scams and mitigate customer losses of up to $15-20 million
Mastercard Integrates With a Stablecoin Digital Wallet
Mastercard collaborated with the Australian stablecoin platform Stables to allow retail customers in the APAC region to spend their stablecoins
NAB Completes Cross-Border Multicurrrency Stablecoin Pilot
The National Australian Bank (NAB) has completed an intrabank cross-border transaction using its minted stablecoin.
Australian Taxation Office Implements Crypto Monitoring
The Australian Taxation Office is taking measures to monitor crypto transactions and ensure tax law compliance when it comes to digital assets with the help of a new data-matching tool
BNPL Platform Affirm Quits Australia
The American Buy Now, Pay Later Affirm platform announced its withdrawal from the Australian financial services market.
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