The Bank for International Settlements has warned that rapid global growth in buy now,pay later (BNPL) services could create risks in the financial system.
AMP is attempting to limit the crunch on its banking profits by targeting the small business market,investing in a new digital bank.
US payments firm Block has made its first social impact investment in Australia,even as it sheds around 1000 roles to reverse its struggling share price.
As tech giants muscle their way into finance,regulators are wary of the risks to competition from these new players.
Combining credit checks,payment chasing and debt collection,the Scottish fintech claims its technology can help small businesses get a better handle on their cash flow and better manage their credit risk.
Tensions between the banks and Apple are bubbling up to the surface as the government prepares to give the RBA powers over digital wallets.
The US fintech giant is an example of how artificial intelligence is already being incorporated into financial services products today.
The government will regulate Afterpay and its rivals as credit,closing a gaping loophole – but there’s a twist.
Apple is switching on technology that allows Australian businesses to accept contactless credit card payments on their iPhones.
Finspo plans to develop technology that would automate part of the mortgage broking business by generating advice to help clients pick a loan.
First,smartphones were transformed into digital wallets,now technology giants and banks want to turn phones into devices that can receive payments as well.