The Australian Securities Exchange said Thursday that it will be extending its temporary emergency relief measures through the end of November in order to continue to support the Australian economy during the ongoing COVID-19 pandemic.
Marqeta, a fintech that provides a platform for card issuers and whose backers include Visa and Goldman Sachs, is exploring an initial public offering, Reuters reported on Thursday.
Interactive Brokers said on Tuesday that it has expanded its presence in Singapore with the opening of an office and the establishment of a local operating entity, moves that come as the company reports a rising clientele in Asia.
Australia’s banks will extend loan repayment deferrals for up to four months to help consumers struggling to pay off their debt through the coronavirus pandemic and to avoid a “cliff” come September, when the original relief program was set to expire, the country’s banking trade association said Wednesday.
American Express, Discover, Mastercard and Visa said on Wednesday that they are each starting technical preparations to expand the Click to Pay online checkout system globally, offering consumers a “streamlined experience across any digital checkout environment or network” as the pandemic has accelerated the shift to digital payments.
Insurer Australian Unity made two executive appointments on Monday and launched a new fund that will invest in green, social and sustainable fixed interest securities, a move prompted by destruction from Australia's bushfires.
Afterpay, a fast-growing Australian fintech that allows consumers to buy goods and make interest-free payments for them later, said Tuesday that it plans to issue roughly AU$800 million (nearly $557 million) worth of new shares to fund continued expansion as it benefits from the movement toward online spending due to COVID-19.
Hong Kong Exchanges & Clearing rolled out new futures offerings under a licensing agreement with MSCI on Monday, marking the latest move in the exchange’s effort to become Asia’s leading financing market.
Payments platform Adyen has expanded its acquiring bank services to Malaysia, allowing more global firms to cash in on the country’s expanding economy and reflecting upward momentum in the global electronic payments business.
Swiss insurance data company Perils estimated Monday that the insurance industry lost 1.86 billion Australian dollars during the peak of the Australian bushfires that occurred over the turn of the year, an increase from its previous loss estimates of AU$1.57 billion.
Commonwealth Bank of Australia said late Monday evening that its systems were back up and running after an afternoon riddled with IT issues that left many customers unable to view their accounts or make payments.
QBE Insurance Group’s Australian arm entered into a “commercial collaboration” with biotechnology provider dorsaVi to give the insurer’s customers access to wearable sensor technology to help monitor risk of workplace injuries, dorsaVi said Thursday.
The pension arms of Suncorp and Commonwealth Bank of Australia have been hit with new licensing conditions from Australian authorities following investigations that found them slow to move clients into lower-fee funds.
The National Australia Bank said Thursday it would expand its private wealth offerings with 50 new bankers and advisers as it brings its high-net-worth services under a single roof.
The Australian government launched an "open banking" plan Wednesday, which would change the way consumers control and access the financial data banks collect on them, following the model of similar initiatives in the U.K., Japan and Hong Kong.
The Australian securities arm of France’s Societe Generale has pleaded guilty to charges of breaching client money laws, Australian regulators said Wednesday.
The real estate division of the Allianz Group is building a $2.3 billion investment platform in partnership with a South Korean pension fund to expand its real estate investment portfolio in the Asia-Pacific region, the company said Monday.
Three judges on the Federal Court of Australia upheld a ruling favoring Westpac in a lawsuit brought against the banking giant by the Australian Securities and Investments Commission, which argued that it failed to properly assess home loan borrowers’ abilities to repay their debts.
Bain Capital has prevailed in a bidding war for bankrupt airline Virgin Australia, after rival bidder Cyrus Capital withdrew its offer.
A new digital payment option from National Westminster Bank and the Royal Bank of Scotland was launched in the U.K. for use across nine of the country’s largest banks after being tested for the last two years.