ASIC chairman Joe Longo says the “phenomenal” cryptocurrency boom had become too big to ignore,but investors should be aware of the risks before taking the plunge.
ASIC has put companies on notice that they could be held responsible for hiring unlicensed social media influencers to promote their investments.
A start-up backed by former ANZ Bank chief executive Mike Smith is eyeing the transactional banking market with a new payments app.
Afterpay executive Lee Hatton says share trading and peer-to-peer payments services also likely to make an appearance once $39 billion Square deal is completed.
The country’s largest bank is betting on data science to refine the millions of promotions and budgeting insights that its banking app spits out to customers.
Afterpay rival Zip is hoping its push into “crypto” will be a hit with younger customers that are clamouring to get their hands on digital assets.
The financial crime prevention start-up,which counts three of the four major banks and Afterpay as customers,has just opened an office in Seattle and has its eyes set on London and Singapore.
If the founder of Tic:Toc Anthony Baum is right,the biggest source of Australian bank profits is on the cusp of a major shake-up.
Sydney-based startup,Immutable,is joining forces with video-sharing behemoth TikTok to allow fans to trade viral online videos as “non-fungible tokens” or NFTs.
Former bosses of Westpac,Commonwealth Bank,and National Australia Bank have all invested in digital lender Nano Digital Home Loans.
Mastercard will launch new technology allowing lenders around the world to offer buy now,pay later products,as instalment payments pioneered by Afterpay go mainstream.