Westpac’s Reinventure buys tech start-up Doshii
[1] The Westpac-backed venture fund Reinventure has acquired Melbourne-based payments platform start-up Doshii. [2] Westpac is Reinventure’s largest investor and has recently initiated another...
Sydney startup Data Republic closes $10.5 million Series A round led by Qantas and NAB
[1] Sydney startup Data Republic provides a platform that enables companies and government to share data securely. [2] The startup has earned a $10.5 million investment from some big corporate play...
Hey You enjoys rapid growth and large partnerships as it aims at ushering in a cashless world
[1] The Australian Open and Westpac, Hey You founder Rebekah Campbell reiterates that their startup is aiming towards becoming Australia’s foremost food and drink app. [2] Campbell admits their ...
Aussie bank Westpac lets your smartphone’s camera activate new bank cards
[1] Westpac customers will from this month be able to use their smartphone’s camera to activate new debit and credit cards. [2] The bank had developed an optical character recognition technology...
PromisePay to propel payments for Airtasker start-up
[1] Australian online marketplace start-up Airtasker has hired Westpac-backed fintech firm PromisePay to handle its transactions. [2] PromisePay collaborates with marketplaces and on-demand platform...
Telstra and Westpac shareholders could soon vote with an app after Omni Market Tide deal
[1] Telstra and Westpac shareholders could soon vote digitally using an app following the signing of the companies by Omni Market Tide as clients for its app. [2] The deal with Westpac was struck last...
Australia’s big banks pull plug on bitcoin companies
[1] Australia’s giant banks have closed accounts of bitcoin companies in response to tougher rules on money laundering and terrorism finance – forcing at least 13 digital currency provider...
Roundup of Australian banks using cryptocurrency technology
[1] With the rise in the use of cryptocurrencies globally, Australian banks are now starting to come together to pave way for the adoption of the currencies in Australia. [2] The Senate Economics Ref...
Australia still unprepared for the digital revolution: Westpac CIO
[1] According to Westpac’s chief information officer Dave Curran, Australia remains unprepared for the “digital revolution” with fewer young Australians taking IT in School. [2] The ...
NAB hesitant on Bitcoin, P2P lending
[1] NAB, Australia’s fourth largest bank, is reluctant to adopt the emerging and digital payment protocols like Bitcoin – instead opting for a wait-and-see approach based on the response. ...