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Showing 21 - 30 of 53 results for "Open banking"

Saxo partners for new reporting service

ELIZABETH MCARTHUR | WEDNESDAY, 11 SEP 2019

... Sharesight will deliver an integrated recordkeeping service for self-directed investors. Saxo described the initiative as "open banking-like" in its approach. Through an open API (application program interface) Saxo clients in Australia will be able ...

Fintech off to slow start in 2019: KPMG

KRISTI CHENG | TUESDAY, 6 AUG 2019

... buying into it though there are still significant concerns from a regulatory perspective. Finally, KMPG reports that open banking continues to be a big driver of investment for both incumbent and challenger banks. It is expected to be the catalyst in ...

Open Banking gets another shot in parliament

ELIZABETH MCARTHUR | WEDNESDAY, 24 JUL 2019

The Morrison Government is reviving its Consumer Data Right bill - which includes the Open Banking changes that would give consumers access to and control of their own financial data. The bill was reintroduced to Parliament and read today. Treasurer ...

Open banking reforms a boon for fintech

ELIZABETH MCARTHUR | THURSDAY, 4 JUL 2019

With the new open banking regime now in effect, fintechs are set to reap the rewards of data sharing. As of July 1, the big banks are now required to share generic product data as part of the government's phased timeline for the introduction of open ...

Financial scams smash Australia

HARRISON WORLEY | TUESDAY, 2 JUL 2019

... billing and tax office/government agency scams. Further, it should be remembered that much fraud goes unreported." With open banking kicking off in Australia yesterday, the report also noted banks consider the phenomena an emerging challenge in fraud ...

Finnies showcase best in fintech

ELIZABETH MCARTHUR | THURSDAY, 13 JUN 2019

... Shot-Guppy said. "Over the next 12 months we will see the continued rise of neobanking in Australia, the launch of Open Banking and perhaps another of our winners will achieve unicorn status."

Midwinter acquires InvestmentLink

ELIZABETH MCARTHUR | TUESDAY, 14 MAY 2019

... InvestmentLink data feed service will be a crucial component of the future advice landscape, given that the impending Open Banking legislation completely ignores superannuation products. "Additionally, we have found many of our digital superannuation ...

Local fintech investment soars

KARREN VERGARA | TUESDAY, 26 FEB 2019

... equity and M&A activity. "We have rapidly built a thriving fintech eco-system and investment plays a critical role. Open banking is another catalyst for further fintech investment, in particular investment in overseas fintech companies which we are already ...

Vertical integration changes to reshape personal wealth

DARREN SNYDER | WEDNESDAY, 30 JAN 2019

... marketplace-driven banking. Infosys Finacle recently released its annual banking trends forecast for the year 2019, and it said open banking and API-led business models will play key roles globally. "The traditional vertically-integrated pipeline business ...

Banks must reshape to survive compliance and technology crunches

DARREN SNYDER | TUESDAY, 6 NOV 2018

... remediation and compliance costs. "Other external drivers, such as real time payments, comprehensive credit reporting and open banking, are also pushing up expenses. APRA has recently raised concerns that the banks are not investing enough in maintain ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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