Industry

Macquarie has become the first of the major banks to make its application programming interface (API) available to third party providers.

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Incumbent banks are pouring money into artificial intelligence in an effort to reduce costs at the expense of the consumer experience, says fintech founder Colin Weir.

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ASIC has made public industry feedback on its innovation hub, revealing strong support for its proposed regtech liaison group.

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The government has tabled legislation that will extend equity crowdfunding to private companies, which could open up the practice to fintech start-ups.

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The release of the 22nd Global Financial Centre Index saw Sydney retain its position in the top 10 of the world’s financial centres, with Melbourne jumping from 21st to 13th.

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