Australian Financial Services stories

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.

KuCoin has secured AUSTRAC registration, expanding its regulated digital currency services and bolstering compliance for Australian users with a new Sydney base.

Mastercard and Equifax have launched Open Score, a tool using open banking data to help 2.5 million Australians with limited credit history access finance.

VentureCrowd has appointed Jesse Arundell to its Advisory Board to lead AI-driven innovations in private capital markets, aiming to cut fundraising times significantly.

In 2025, privacy demands more than compliance; organisations must embed it into culture, governance and cyber risk to meet rising regulatory and societal expectations.

Australian organisations need to keep cyber risks in check to avoid incidents and liabilities.

UK and US financial services and insurance firms are increasingly embracing AI, however, data silos and operational risk concerns are impeding widespread application, says an EXL study.

Avanade announces the launch of six new services for full Microsoft 365 Copilot integration, following successful pilot tests.