Tag: Australia

Mastercard is looking to take a larger share of the B2B payments space in Australia by pushing for companies to pay their suppliers with its products. Read more: www.pymnts.com

HSBC has acted quickly to meet the UK Competition and Markets Authority's decision to require big banks to open up certain data via APIs by the end of the first quarter of 2017. Read more: www.finextra.com

Chronobank is working on issuing blockchain tokens (similar to bitcoins on the bitcoin blockchain) that would allow labor hours to be used as a currency. These coins will then be tradable from peer to peer and on a decentralized marketplace called LaborX. Read more: www.coindesk.com

Eligible businesses will be able to commence testing without a licence for a maximum period of 12 months with up to 100 retail customers. Read more: www.zdnet.com

The Australian Securities and Investments Commission (ASIC) presented its views on regulating digital advice at a Financial Services Council event. Read more: www.natlawreview.com

Australia’s bourgeoning alternative lending scene saw new investment Friday when reports emerged that Timelio raised more than $3.7m. Read more: www.pymnts.com

Kikka Capital, an online non-bank lender to Australian SMEs, has picked up a $2m equity investment from FlexiGroup alongside a new funding line for the business.

Telstra Global Enterprise Services' global banking expert discusses how the company is attempting to "de-risk" FinTech collaboration for established institutions. Read more: www.fintechroundup.com

In Australian, bargaining cartels can form with permission from authorities, so the banks are seeking to finally create competitors to Apple Pay on the iPhone. Read more: www.reuters.com

Australian blockchain-based software developer Digital X has raised AUS$1.62m ($1.2m) in post-IPO equity and inked a new deal with remittances company UniTeller. Read more: www.fintechroundup.com