Big 4 banks invest in real-time direct debit platform Paypa Plane
[ad_1] The Commonwealth Bank has partnered with fintech Paypa Plane to help businesses move to PayTo functionality on the RBA’s new Payments Platform (NPP), while offering a “superior” payments experience. PayTo will enable businesses to accept direct debit payments in…
MoneyMe cancels institutional accommodation
[ad_1] MoneyMe has decided to raise $25 million in funding to fund the acquisition of SocietyOne through existing commitments from Pacific Equity Partners. In an ASX listing on Thursday, the fintech lender confirmed that despite “good support” from existing investors…
Block outlines plans for Afterpay
[ad_1] Block reported a 62 percent rise in gross profit to $4.42 billion for the 2021 calendar year. Annual profits topped $1 billion for the first time, Block said on Thursday. The company completed its acquisition of Afterpay on January…
Sydney-based crypto platform Immutable, valued at $2.5 billion
[ad_1] Sydney-based Immutable announced on Tuesday the closing of a $250 million funding round, raising its valuation to $2.5 billion. Investors were led by Singaporean sovereign wealth fund Temasek, backed by Animoca Brands and Chinese video game company Tencent, confirmed…
Russia can use crypto to circumvent sanctions
[ad_1] According to the University of New South Wales (UNSW), Russia has one of the highest levels of crypto adoption, offering market participants a way around economic sanctions. In an article published last week, UNSW Business School’s Elvira Sojli explained…
InvestorDaily Launches 2022 Advisor Innovation Summit
[ad_1] The Advisor Innovation Summit is back in 2022. with the aim of introducing advisers to the latest trends in fintech, innovation and digital transformation. Taking place over two days, 1 and 8 June 2022, the conference is designed to…
Expectations for Metaverse are high among Australian executives
[ad_1] Eight in 10 Australian executives say their organizations are dependent on AI to function effectively, and 96 percent say AI is becoming pervasive, according to Accenture Technology Vision 2022. The report, compiled by Accenture and published this week, revealed…
Government promises ‘minimalist’ crypto licensing regime
[ad_1] “We want to encourage innovation in crypto assets – innovation creates jobs and growth,” Digital Economy Minister Jane Hume said at the Blockchain Australia event. “There are so many innovative use cases for crypto assets, many of which are…
Qantas announces entry into NFT
[ad_1] Qantas is about to become the first ASX-listed company to accept non-fungible tokens (NFTs). The airline confirmed its NFT entry on social media on Monday, noting that “a new way to own a piece of Qantas history is on…
Added new options to North’s investment menu
[ad_1] North has confirmed a further 18 options on its menu, which span stocks, property, bonds and technology. The additions come after North launched two peer-managed portfolio advice practices, Milestone Financial and Coastline Advice. InvestSense has been appointed as investment…