Friday, October 7, 2022

Australia and New Zealand look to new era in real-time payments

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Australia and New Zealand are looking to a new era in real-time payments with a sense of rush to modernise as the region seeks to make ground on competitors, according to the 3rd edition of Prime Time for Real Time 2022, published by ACI Worldwide, in partnership with GlobalData, an analytics company, and the Centre for Economics and Business Research (Cebr). The report – tracking real-time payments volumes and growth across 53 countries – includes an economic impact study, providing a broad view of the economic benefits of real-time payments for consumers, businesses and the broader economy across 30 countries.

Dutch BNPL fintech in3 raises $85.3 million in series B funding round

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in3, a Dutch Buy Now Pay Later (BNPL) fintech announced a $85.3 million Series B funding round from the British VC Force over Mass, U.S. institutional asset manager Waterfall Asset Management LLC and Dutch investor Finch Capital. Launched in 2018, in3 gives consumers the option to pay in three instalments without interest or other hidden costs levied. Current customers include Kwik Fit, EP, La Souris, Matt sleeps, Dekbed-Discounter among others. The news follows their $11.1m series A round just two months ago in March 2022 and takes the total funding raised to $96.4m. BNPL is a popular form of short-term financing.

Corpay Cross-Border announces a strategic collaboration with Triterras

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Corpay, a FLEETCOR® brand and global leader in business payments, and Triterras Inc. (OTC Expert Market: TRIRF), a global fintech company and leading innovator of inclusive finance solutions for the world’s micro, small and medium enterprises (MSME’s) are pleased to announce a new collaboration between Corpay’s Cross-Border business and Triterras Inc.

Jetcraft strengthens US footprint with new Sales Executive appointments

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Jetcraft, the global business jet sales and acquisitions provider, is expanding its presence in the Americas with the appointment of Preston Jasper and Derek Long as Sales Executives. Jasper and Long join Jetcraft with a combined expertise of 20 years in business aviation.

Moove, MUFG and Suzuki to push for financial inclusion for mobility workers

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Moove, the globally renowned first mobility fintech, announced the signing of a Memorandum of Understanding [MoU] with MUFG, one of the world's leading financial groups and Suzuki, one of the world's leading suppliers of vehicles to mobility businesses. Through this MoU, Moove, which provides revenue-based financing to mobility entrepreneurs, aims to advance financial inclusion and job creation as well as upskilling opportunities in the sector.
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.