How frequently do you use cash to make transactions? The odds are, barely. Many Australians now feel comfortable leaving their home without a wallet, and one in three use digital wallets on their phones to make payments every week. Australians are departing from the cash society and businesses need to keep up. That’s where fintech
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The Buy Now Pay Later boom that took off at the pandemic’s beginning is finally fading away. And Aussie finance companies, like BNPL provider Openpay (ASX: OPY), are the worse for it. Melbourne-based FinTech company Openpay has surrendered control of its assets, operations and trading activities to partners of insolvency specialists McGrathNicol: Barry Kogan, Jonathan
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Last year, Australians lost more than $98 million from digital crimes such as fraud and hacking according to the Australian Cyber Security Centre. The financial losses are substantial and life-ruining in many cases which is why it’s understandable that the Federal Government is keen to invest in projects that can reduce future occurrences. One of
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The Australian housing market has left people in limbo with mortgage pressures forcing them to pinch pennies. As they cast around for low-cost lenders, fintech loan providers like Plenti (ASX: PLT) are enjoying their time in the spotlight. In Q2 FY23, Plenti’s loan portfolio increased to $1.67 billion, 51% above Q2 FY22 and 8% above
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It’s been tough sledding for the buy-now-pay-later (BNPL) sector over the past 12 months and even at the smaller end of the scale, debt recovery company Credit Intelligence (ASX: CI1) has not been immune from rising expenses which has resulted in a 70% profit downgrade warning. Fortunately for Credit Intelligence, which operates a BNPL platform
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In less than a month after deploying its 500th ATM, FinTech company Findi (ASX: FND) has unlocked a new milestone on its India journey. The Company has surpassed the deployment of 1,000 ATMs for the Central Bank of India (CBI) ahead of schedule. While much of the country has transitioned to digital payments (with over
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