Leading neobank UP has done its bit to accelerate Open Banking in Australia by becoming the 7th bank to make its data available as a Data Holder.This means UP's circa 300,000 customers can share their financial data with other accredited Open Banking participants (such as personal financial management app, Frollo, and CBA).UP's runaway popularity with a digitally-native customer base makes it easily the most requested institution by customers of Frollo and similar money-management tools, and so the early move to share data can't be understated in putting a well-timed rocket under the Open Banking roll-out.https://mozo.com.au/neobanks/articles/neobank-up-joins-frollo-open-banking-platform
Blockchain technology could play a major role in impact investing, says the World Economic Forum.Impact investing refers to those investments that have a social or environmental purpose.Blockchain technology can provide greater security in the storage, management and transfer of information and things of financial value.Read more here: https://www.brickken.com/blog-tokenization-world/
Of the 3.3 million Australians who own cryptocurrency, women account for 11% as of June 2021, a significant jump up from 7% in January 2021, according to research published by Finder.In terms of demographics, close to a third of Gen-Z own crypto (31%), a figure that has more than doubled since January (15%) and, by comparison, the number of Gen-Y millennials who own cryptocurrency has dropped from 33% to 24% over the same period. This is relevant as a leading indicator of the likely propensity of young Australians to adopt DeFi "Super Apps" like Tiiiik or Baxe. https://tiiik.money/http://baxe.com/
Financial fraud prevention is a big business, with the market expected to grow 20 per cent per year to reach $42.6 billion in size by 2023, according to global consultancy KBV Research. Within this environment, Israel-based or Israeli-founded companies have quietly built a large and growing presence in the anti-fraud market, with at least 35 companies active in the field, ranging from early-stage startups to post-exit companies that have become divisions in larger multinational corporations. For the shortlist that could make a world of difference to your eCommerce platform, please follow the links to the full article: https://israeltrade.org.au/2021/04/28/e-commerce-fraud-detection-prevention/
Apple has seen sales of iPhones, apps, and its other devices boomed throughout the pandemic because people spend most of their time studying, working, and shopping online due to global lockdown. Customers continued to upgrade their devices to the latest ones to tackle working and studying from home. Their profit was $23.6bn, up from $11.3bn for the same period last year. Facebook has also boomed its sales during the pandemic as many consumers spent their time online for entertainment, shopping, and hanging around with people. Their profit was higher than expected at $9.5bn. Source: https://www.bbc.com/news/business-56920146
