This Month
PEP dealmaker throws weight behind shareholder transparency start-up
Complete shareholder registers have historically been the purview of internal investor relations departments.
March
Westpac plots $3b technology overhaul to slash long-term costs
The bank’s new chief executive, Anthony Miller, outlined plans to shrink the number of systems to cut expenses described by analysts as unsustainable.
CBA steps ups competition for AI engineers by opening Seattle office
The bank is deepening connections with Amazon Web Services and Microsoft, including putting IT teams together in a new US office.
ANZ quizzed over risks of new platform costing $1m a day
Analysts wondered how long it will take to fully migrate 6 million customers and another 1.2 million from Suncorp onto Maile Carnegie’s ANZ Plus.
February
Tyro’s profit lifts from health payments boom
ASX-listed payments stocks Tyro, Cuscal and EML reported interim results on Wednesday. All three rose on the market on stronger numbers.
The Zip v Afterpay buy now, pay later rivalry is back on
Zip says it is growing faster than its competitors in the world’s biggest market – the United States – after reporting record first-half earnings.
Tyro Payments keeps an ear out for suitors amid share price plunge
The eftpos terminal operator’s top brass is said to be open to takeover approaches – quelle surprise – and Macquarie Group’s banking business is seen as a potential suitor.
Money laundering watchdog puts 50 Australian crypto exchanges on notice
The Australian Securities and Transactions Analysis Centre is concerned some Australian cryptocurrency exchanges are failing to report suspicious transactions.
Superhero readies super administration business launch; raises capital
The fintech is raising $3 million at a $127.5 million valuation and has already met the minimum subscription amount, sources told Street Talk.
January
Travel fintech Mint Payments gears up for $20m secondary round
Perennial Value Management, Duncan Saville’s ICM Allectus Capital and Kelly Partners Investment Office may seek to part with their minority positions.
December 2024
ASIC’s attempts to clarify crypto rules confuses digital exchanges
Independent Reserve, BTC Markets and Kraken say new guidance and industry calls have not provided any clarity about whether they will need to obtain licences.
Short seller accuses Sezzle of ‘sketchy’ practices, low-quality loans
The buy now, pay later group delisted from the ASX earlier this year and has described the allegations as “misleading and out of context”.
IPO-candidate Pay.com.au launches raise to fund US expansion
Street Talk understands Pay.com.au is seeking to raise $15 million via a private placement at a $303 million pre-money equity valuation.
Bitcoin has broken through $US100,000. Now what?
This week on The Fin podcast, James Eyers on why Donald Trump is a crypto bro, whether prices will stay at record levels and how regulators are catching up.
ASIC moves to expand its oversight of crypto and digital assets
The corporate regulator’s new guidance outlines more than a dozen examples of how it intends to assess what is in – and out – of financial services laws.
‘Find what makes you happy’: From zero to $1b in two years
Zeller’s Ben Pfisterer brought Square to Australia after stints at Jetstar, NAB and Visa. He has based his career on one piece of advice – from his parents.
November 2024
CBA prepares for AI to transform banking, with dozens of uses
The country’s biggest bank is already using AI to resolve 15,000 payment disputes every day. And its chief executive, Matt Comyn, says many more uses are on the way.
Meet the frequent flyer fintech targeting a $2.6 trillion market
The fastest growing fintechs in this year’s Fast 100 are an eclectic mix with a common trait: they’ve carved out niches for uniquely Australian audiences.
Death tech a safe bet as investors see value in digitising last requests
The inevitability of the end of life, and the administrative burdens that come with it, convinced high-profile investors to back a $17 million funding round.
Investors need to know when to put down the phone
Smartphone alerts can promote what behaviourists call “overtrading”, shredding your returns – and your nerves.