Thursday, August 11, 2022
Frollo leads Australia Consumer Data Right era with open banking data

Frollo leads Australia into new era of Consumer Data Right, launching with first access...

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With the benefits of Open Banking data, Frollo will now be able to help consumers identify when they are missing out, paying too much or should switch to a better deal with their existing bank.

Fintech app Fupay launches Australia’s first responsible lending rent payment product

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At the national real estate summit AREC, Fu Rent helps tenants who fit responsible lending criteria, by spotting them cash to pay their rent on time and avoid falling into arrears.

Inaction Figure takes aim at home loan lending industry in Australia

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The digital acceleration of the last 18 months has not applied to the traditional home loan industry, with new research from Australian fintech Nano revealing 75% of Australians are more frustrated with the slow and tedious home loan process than ever before.

CBA puts millions back in SMBs’ pockets with lower merchant fees

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Commonwealth Bank is making payments simpler for SMBs by announcing new competitive flat rates for all in-store and online payment transactions for eligible merchant customers.

SAP to acquire Taulia, a leading capital management company

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SAP SE (NYSE: SAP) announced its intent to acquire a majority stake of Taulia, a leading provider of working capital management solutions. The move is aimed at giving companies better access to liquidity and improving their cash flows. The acquisition further expands SAP’s Business Network and strengthens SAP’s solutions for the CFO office. Taulia will operate as an independent company with its own brand in the SAP Group; Cédric Bru will remain CEO of Taulia, SAP CFO Luka Mucic will become Chairman of the Board.

Former Nasdaq Managing Director named Partner at LAT Venture Capital

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LAT VC announced today the appointment of Laura Moreno Lucas as Partner. Laura was previously a Managing Director of the Nasdaq Stock Exchange, and is founder of Pandocap, a strategic financial advisory services firm. LAT VC is a $100M purpose-led venture fund that invests in the early-stage U.S Latino-led and owned businesses with large and high-growth opportunities such as Recruitology, Yaydoo, Flow, and Omnitron.

Inflation and Russia-Ukraine crisis causes shift in ESG approach

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A new poll from independent investment consultancy, bfinance, on institutional investors’ responses to macroeconomic and geopolitical developments has revealed widespread re-evaluation of Environmental, Social, and Governance strategies and asset class exposures. Some 418 institutional investors (pension funds, insurers and others) from 39 different countries contributed to the 'What Are Investors Thinking Now?' study.

LaunchVic to grow angel networks in Victoria with new funding round

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LaunchVic, Victoria’s startup agency, opened a new funding round to establish and grow new Angel Networks in Victoria unlocking more capital for early-stage startups. Angel groups will receive up to $300000 in funding to support their operations here in Victoria. In the past two years, LaunchVic has funded the creation of five Angel Networks that have recruited over 200 investors, resulting in over $5m being invested into Victorian startups.

Thought Machine casts configurable cloud-native card payment platform

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Thought Machine, a cloud-native banking tech firm, launched Vault Payments: a cloud-native cards and payments processing platform. Launching with card processing on Mastercard, Vault Payments has been built from scratch as a cloud-native payments processing platform – ensuring the platform is scalable, highly configurable, and can operate in real time.

Earlypay industry training program attracts record number of applicants

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The launch of Earlypay’s Business Finance and Lending Training and Development Scholarship Program has attracted significant interest from finance professionals across the country prompting Earlypay to announce an increase in course participation numbers.