Sunday, September 25, 2022

Better That marketplace set to disrupt with price bettering, reverse auctions and charitable donations

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Better That platform includes unique innovative features that promise to make online shopping fun again, while also giving back to the community with every purchase.

CARS24 raises $450 million, nearly doubles its valuation to $1.84 billion

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CARS24 announced the closing of a $450 million round of funding including a $340 millon Series F Equity round alongside USD$110 million debt from diversified financial institutions.

Adatree becomes Australia’s first Consumer Data Right principal

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Adatree, a data intermediary and fintech company at the forefront of Open Banking, has become Australia’s first ‘principal’ under the new Consumer Data Right (CDR) access models. This landmark achievement is enabling the company to help other enterprises so as to bring their data-driven products and services to life and thus access relevant data without having to undergo a complex, costly and time-consuming process of accreditation.

New insurance report: Real time data is a very big asset in fighting fraud

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In a recent study by FRISS, the worlds most implemented AI powered fraud, risk and compliance solution provider for P&C insurance companies worldwide, the challenges and opportunities facing insurers in their efforts to combat fraud throughout the entire policy lifecycle are highlighted. The study gathered input from over 400 insurance professionals worldwide and provides insight into topics such as fraud schemes, data challenges, process automation and more.

HCL expands global partnership with Avaloq to accelerate innovation

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HCL Technologies (HCL), a global tech company, has expanded its partnership with Avaloq, a provider of digital banking solutions. HCL will develop a top lifecycle management center for Avaloq clients and invest in ongoing training for HCL teams working with Avaloq products. These investments will combine HCL’s deep domain knowledge in financial services with Avaloq’s expertise in digital wealth management technology, to accelerate innovation across the industry.

Swedish B2B payments firm Payer appoints new Chairman of the Board

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Payer announced that Dominik Belloin, one of its board members, has been appointed as the new Chairman of the Board. Dominik Belloin succeeds Annika Javestad, who served in the role during the development phase. The appointment now awaits the approval of the FSA. Payer is a Swedish B2B payments company serving the European market. It provides end-to-end payment solutions for enterprise companies within verticals such as Industry, Bank & Finance and Digital Commerce. Payer’s modular API platform is designed to solve complex payment processes for B2B merchants while enabling a ‘consumer grade’ user experience.

SMEs should leverage the federal SME Recovery Loan Scheme

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Businesses should to take advantage of the government’s generous SME Recovery Loan Scheme before applications close on 30 June 2022. The SME Recovery Loan (SRL) Scheme is providing much-needed financial assistance to many SMEs who would otherwise not be able to access business funding to help their business through the challenges of COVID. 

Till Payments partners with Alipay+ to prompt other digital payment methods

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Global payments fintech disruptor, Till Payments (Till) has announced a partnership with Alipay+, a suite of cross-border payments and marketing solutions operated by Ant Group, to integrate Alipay into its new Education product offering and explore the potential integration of other digital payment methods brought by Alipay+

Loyal Australian banking customers call for more gratitude from providers

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Pegasystems Inc., the low-code platform provider that builds agility into the world's leading firms, unveiled the findings of its latest research into the state of customer experience in the Australian banking sector. In collaboration with Omnipoll, Pega conducted a national survey of 1,230 people aged 18+. The research reveals more than half (57%) of Australians feel their bank is more concerned with trying to sell new products and services than rewarding loyalty. 

Bamboo launches self-managed investment fund in digital currency

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Bamboo has developed a customer-centric product to purchase digital currency for individual self-managed superannuation funds. Instead of taking days or weeks to understand security, compliance and onramps, Bamboo has packaged up a product to make investment effortless. With built in compliance, reporting and storage Bamboo allows anyone with a mobile phone and bank account to participate in just a few minutes.