Tag: Westpac

FinTech companies account for 20% of new unicorns in September 2023

Overall there were five new unicorns announced across all sectors in September 2023 with one being FinTech, a 20% share of new unicorns. Kin Insurance,...

Westpac launch new scam prevention measures

Westpac has announced the launch of new digital payment security features to help combat scam losses.

Kasisto raises Series C extension for digital assistants services

Kasisto, which offers digital assistants, has raised $15.5m in its Series C extension round, which was led by Fidelity Information Services and Westpac Banking Corporation.

Westpac hit with $40m fine for charging fees to the deceased

Australian bank Westpac has been fined $40m after it was founded to have charged fees to over 11,800 deceased individuals.

Firms paid $10.4bn in fines over the last year for breaking...

The total volume of fines levied against firms for breaking money laundering, data privacy, MiFID and know your customer rules jumped by 141% and amounted to $10.4bn in total so far this year.

Money laundering fine and Covid-19 cause 66% profit free fall for...

The trials of the coronavirus pandemic and the $910m fine for breaking Australia's money laundering laws have caused a 66% drop in Westpac's profits.

How Arctic Intelligence went from being a side hustle to leading...

From working at his dinner table to being named a leader of Australia RegTech industry, Anthony Quinn has come a long way since launching Arctic Intelligence in 2015.

Westpac is thinking about seeking external capital for its $150m venture...

One of the four biggest Australian banks is considering tapping in to external sources of capital to boost its next fund aimed at FinTech startups.

Westpac hit with several lawsuits from securities buyers following reports about...

One of the four biggest Australian banks is facing some huge challenges. Not only is Westpac accused of having breached anti-money laundering (AML) and counter-terrorism financing (CTF) regulations, but it is now also dealing with a smattering of lawsuits.

Australian authorities arrest members of suspected Vietnamese criminal network over money...

Drugs, guns and $5m in laundered money are some of the key ingredients in a series of arrests made by Australian authorities to break up a criminal network.

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