Technology

Regulatory hurdles and anti-competitive conduct from the major banks have been cited as commonly faced issues for newcomers in their quest to enter the Australian banking landscape.

The adoption of regulatory technology has been stymied by a lack of equity injection, according to research.

Mortgage fintech funding.com.au has raised $3.7 million in a Series A funding round, in partnership with local venture capital fund Equity Venture Partners.

An Australian mortgage fintech has raised $70 million in a series C capital funding round, taking the lender’s total raise to $115 million.

Recent data shows Australian fintechs have grown their revenue by 80 per cent since 2018, and business owners are optimistic about the future of the industry.

Cloud-based business management software providers FinPal and MiiiA have announced plans to merge their technologies, with FinPal rebranding to Fin365 by the end of the year.

Experian A/NZ has acquired an Australian fintech that analyses and categorises bank statements. 

The head of online lender loans.com.au has called on fintechs to put aside their differences and focus on their “one shared goal” of competing with the major banks.

The corporate regulator has announced three events to promote the adoption of regulatory technology by financial services firms.

A fintech has announced securing a deal with a community-owned bank as it gears up to launch a banking platform that could help aspiring home buyers become mortgage-ready.