More than three-quarters of those who opened a new financial account in the last year used digital channels to do so. Millennial and Gen Z consumers are more comfortable using digital channels to open accounts, take loans or apply for credit cards than their older cohorts.
Australia’s debit card system, eftpos, is continuing its rollout of secure online payments options at a pace, announcing the certification of local fraud and risk management company GPayments’ 3D Secure Server solution, ActiveServer.
Commonwealth Bank has placed a bet on the rising popularity of paying directly with bank accounts, investing in fintech Paypa Plane ahead of the mid-year switching-on of a new payment capability known as PayTo.
KhetScore, an AI-based farm score developed by Dvara E-Registry, leverages remotely sensed data from several satellites and enables remote multi-dimensional assessment of historical and concurrent agricultural activity.