Using open banking to enhance lending
Bud and ANZ NZ have signed strategic AI deal to build a simpler, more transparent lending process.
Oceania
Over 100 new Australian fintechs emerged in 2020
KPMG data shows lending and blockchain / cryptocurrencies as specific growth areas for fintechs down under.
Deutsche Bank opens cash management business in Australia
The service for its multinational clients becomes the bank's 14th cash management location in Asia Pacific.
Banks stepping up to help protect corporates from fraud
Both JPMorgan Chase and NAB have recently announced moves to help protect businesses from fraud while managing their cash flow.
Australian corporates pin survival on disruptive technology
As KPMG and HFS research shows accelerating digital transformation, the flash CBA Purchasing Managers’ Index reveals business activity has regressed.
BNP Paribas issues A$140m in green bonds
The issuance is linked to Australia's first forward-looking climate index.
Financial support aims to help Australian companies bounce back
The Australian government launches A$500m facility for exporters, while supplier payment terms are under scrutiny in a new proposal.
Steep fall in Australian business activity let by services sector
Coronavirus is increasingly impacting Australian businesses, according to initial results of CBA’s monthly Purchasing Managers Index.
i2c enables Airwallex B2B payments card
The i2c platform uses AI to optimise cross-border, multi-currency payments.
Rewarding business for ESG practices
CBA is providing Wesfarmers with financing to achieve its broader sustainability goals.
Australian business activity plunges at fastest rate on record
Subdued demand, coronavirus and bushfires behind the continued reduction in activity, finds initial results of CBA’s monthly PMI data.
New Zealand’s central bank and SIA launch new market infrastructures
RBNZ has gone live with SIA's Real-Time Gross Settlement and Central Securities Depository applications.
MUFG partners with Sydney Airport to deliver first ESG-linked US private placement
Coupon payments on the financing can vary two-ways according to the performance of the borrowers' sustainability and ESG metrics.
Aussie Ombudsman eyes legislation to end late payments
The country's Supply Chain Finance Review has highlighted the flaws in the Supplier Payment Code.
HSBC adds to Australian Business Growth Fund
The A$540m fund will be used to support business growth in Australia.
X15 Ventures launches insightful app for small businesses
The Vonto app is designed to provide personalised insights for small business owners.
Airwallex and Visa debut ‘borderless’ business card
#BusinessCard #B2BPayments #VirtualCards @airwallex @VisaNews
Aussie business activity disappointing in November
CBA data shows competitive pressures and weak demand taking a toll on Australian businesses.
ING survey outlines consumer thoughts on corporate environmental practices
Almost three-quarters of those polled would accept lower growth if it protects the environment.
Statistics show trade tensions impacting Australian business conditions
Business activity softened in October, according to early data from CBA.
Cashwerkz rolls out API-enabled platform architecture for investing cash
The server-less platform will help the company scale as it onboards new banking partners.
Auckland Council selects GTreasury to manage cash and risk
The local government council is seeking full visibility over its liquidity and multi-currency debt exposures.
HSBC signs second licence agreement for Identitii platform
Overlay+ facilitates the secure sharing of data, including clearing, remittance and reporting information.
Blockchain prototype creates marketplace for biodiversity investment and protection
A newly developed blockchain prototype could support sustainable development, with a wide-range of potential benefits for users.