Australian Financial Services stories

ASIC ramps up AI scam fight as it takes down 11,964 bogus investment websites and warns of slicker ads, fake endorsements and cloaking tactics.

Coinbase Australia secures ASIC approval for retail derivatives, paving the way for crypto and equity perpetuals before broader regulated products.

Colonial First State shifts finance and HR to Oracle cloud to streamline operations and boost data-driven decisions on AUD $181 billion assets.

Australian banks and insurers are shelling out up to AUD $2,200 a day for specialist contractors to drive critical digital transformation work.

Super fund Hostplus has inked a five-year IT managed services deal with Interactive, adding an Australian-based service desk and cloud support.

Lendi Group taps MongoDB to rebuild data platform and go fully AI-native by 2026, targeting faster rollout of mortgage and property services.

Ripple seeks to secure an Australian Financial Services Licence via BC Payments deal, aiming to scale regulated cross‑border payments in APAC.

Openmarkets adds two non-executive directors and a new CFO to bolster governance and growth plans ahead of its proposed Nasdaq listing.

Revolut passes 1m Australian customers and vows nearly AUD $400m investment, stepping up its challenge to local digital banking rivals.

LemFi wins AUSTRAC approval to launch remittances in Australia, targeting a USD $38.2 billion outbound market serving migrant communities.

Remara picks 10x Banking's cloud-native core to speed new lending and investment products and fuel ANZ and Southeast Asia expansion.

Insurance brokers must scrutinise software vendors' SOC 2 Type 2 security to safeguard client data, compliance and operational resilience.

YouTrip teams up with Agoda to offer Australians 7% off selected hotel bookings plus an AUD $10 bonus for new card sign-ups.

Outsized rolls out pre-built independent consulting squads for ANZ banks, targeting AUD $200,000-AUD $2 million transformation projects.

Singapore fintech Aspire wins key licences in Australia, Europe and the US, paving the way for a global rollout of its business finance platform.

Australia's banks face rising AI-driven scams, making robust human identity verification and phishing-resistant MFA critical to security.

Wisr adds secured motorbike loans via brokers, targeting growing demand for flexible vehicle finance ahead of Australia's summer riding season.

YouTrip launches in Australia with a zero-fee multi-currency travel card offering 2% cashback and real-time exchange rates across 150+ currencies.

Coinbase Australia appoints Adam Judd as COO to steer operations amid new regulations requiring crypto platforms to obtain an Australian Financial Services Licence.

Prezzee launches PrezzeePay, enabling retailers worldwide to offer unified digital gift cards without costly system changes, targeting cashless Gen Z shoppers.