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Technology

First neobank granted full banking licence

OSKAH DUNNIN  |  WEDNESDAY, 23 JAN 2019
Volt Bank has become the first neobank to obtain a full banking licence from APRA.

VicSuper updates digital advice offering

HARRISON WORLEY  |  TUESDAY, 22 JAN 2019
A refreshed user interface, a new coach avatar and new retirement planning options have been rolled out to VicSuper members after the fund updated its Beeline digital guidance and advice tool.

Xinja funds platform for growth

OSKAH DUNNIN  |  WEDNESDAY, 16 JAN 2019
Neobank Xinja has successfully funded its second campaign on the Equitise crowdfunding platform, raising more than $500,000 in nine hours.

8IP signs on Sanlam Private Wealth

KANIKA SOOD  |  TUESDAY, 15 JAN 2019
An investment boutique founded by a former AMP Capital equities head has signed Sanlam Private Wealth to provide middle office services. The contract builds on their existing relationship.

Collaboration needed for AI and machine advice programs

OSKAH DUNNIN  |  TUESDAY, 15 JAN 2019
More collaboration is needed to ensure the effectiveness of artificial intelligence and machine-based programs across the financial services industry, according to Kaplan Professional and Red Marker.

BlackRock and Microsoft develop retirement platform

HARRISON WORLEY  |  TUESDAY, 8 JAN 2019
BlackRock will partner with the global technology giant to develop a new retirement platform.

MetLife Australia wins tech award

KANIKA SOOD  |  TUESDAY, 8 JAN 2019
MetLife Australia's tech team took home an international award over the Christmas break for its claims platform launched to Statewide Super's members last year.

CBA and Alipay to bring in Chinese shoppers

KANIKA SOOD  |  THURSDAY, 20 DEC 2018
Commonwealth Bank has started accepting Alipay on its EFTPOS devices in a bid to attract Chinese shoppers who last year spent $10.9 billion in Australia.

Spriggy wins 2018 Best Fintech Startup Award: StartCon

MICHELLE BALTAZAR  |  THURSDAY, 20 DEC 2018
A fintech business aimed at helping children develop good money habits won a major award at the 2018 Australasian Startup Awards.

Sydney fintech sells for $339m

DARREN SNYDER  |  THURSDAY, 13 DEC 2018
Financial services software giant Temenos is buying customer acquisition and onboarding technology company Avoka for $339 million. Avoka's success story begins in Australia.