Neobank wins AFSL
[ad_1] The firm indicated that it is working on a limited ADI license for its Infinity bank, with the aim of introducing it later in the year. Infinity, which is based in Queensland, has received support from a number of…
Global provider expands into Australian trustee services
[ad_1] The group received an Australian financial services license after opening an office in New Zealand last year. For the past eight years, Intertrust has been providing corporate and fund administration services in Australia, including company secretarial support, board support,…
Institutional investors tend to increase crypto exposure
[ad_1] Findings from crypto asset underwriter Evertas reveal that 26% of institutional investors believe the industry will “dramatically” increase the level of their investments, while another 64% expect a slight increase. The survey questioned a range of investors who manage…
The financial sector is moving towards top bot automation
[ad_1] Global IT association ISACA’s survey found that 67 percent of global financial services and banking professionals believe their organization will adopt robotic process automation (RPA), or robots that are programmed to perform specific business processes, within the next five…
When will the founders of Afterpay pass the torch?
[ad_1] Succession can be difficult for startups, with founders often holding a sacred position within the company that can see them stay long past the time they should have headed for the exit. It’s likely to be even tougher for…
Aussie fintech is pushing through the pandemic blues
[ad_1] The 2020 Fintech Australia Census of EY found that 39 percent of local fintech companies already have more than 500 paying customers, up from 27 percent in 2019, while 88 percent plan overseas expansions in the future. “Fintechs are…
Westpac exits Zip after Afterpay deal
[ad_1] The big four banks unloaded 55.2 million shares to institutional investors on Thursday at $6.65 a share (about $367 million in total). It said the decision to sell the Zip stake reflected its strategy to simplify the business and…
RBA teams with industry to study digital currencies
[ad_1] The RBA project will explore a potential form of wholesale central bank digital currency (CBDC) that will use distributed ledger technology (DLT) as part of ongoing research. CBDCs are designed to be equivalent to the nation’s paper currency and…
Newcomer Trading Platforms to Accelerate ETF Growth
[ad_1] With the release of ETF Securities’ Q4 ETF Landscape report, Kanish Chugh, head of distribution at the ETF solutions provider, said the Australian market had doubled its assets under management over the past three years to more than $73…
Battered by data error, ASX shuts down
[ad_1] The stock exchange on Monday morning indicated it had suspended trading while it investigated “issues with market data”. The issue was first confirmed at 10:17am before the stock market was halted at 10:24am. At 11:58am, the ASX announced it…