Matt Collicoat

Osko Payment to PayID Osko utilizes the New Payments Platform (NPP) to offer fast and secure direct bank transfer service, while PayID provides bank account identification without extensive details revelation. The NPP framework underpins large-scale PayID transactions throughout Australia, and the adoption of Osko has markedly increased the scope of this service. As of 2024, the system was embraced by over 100 banks. In essence, the system functions as a conduit to the PayID bank account, whereas Osko facilitates fluid payment processes. It’s important to ensure that any instant PayID pokies Australia casino is integrated with Osko, as this integration signifies the availability of PayID for conducting financial transactions: https://lnkd.in/d4Ty3rRD

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Robert Magee, Program Director – ISO 20022 Industry Migration at Australian Payments Network (AusPayNet), discusses the evolution and interoperability of cross-border payments under the ISO 20022 standard. 📑 "Because it is an open and flexible standard, individual FMIs can implement ISO 20022 in a way that works best for them, their local market conditions and requirements, and their participants. However, this flexibility also creates a risk of variation, incompatibility between jurisdictions, friction, and reduced interoperability." Read this insightful editorial piece here ⬇⬇⬇ https://lnkd.in/gvAvUEdc

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Curious how the ISO 20022 standard will evolve within the payments landscape?    Robert Magee, Program Director - ISO 20022 Industry Migration at AusPayNet, recently wrote an article on 'Enabling the evolution and interoperability of cross-border and domestic high-value ISO 20022 payments' for The Paypers.    Rob discusses the challenges surrounding ISO 20022 evolution, and how global collaboration is key to achieving interoperability.    Rob says, “Interoperability is the key to enabling ISO 20022 evolution. The Financial Market Infrastructures that achieve it will reduce costs and processing times for their participants.“     #ISO20022 #CrossBorderPayments #ThePaypers #AusPayNet 

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Pepper Money ANZ is transforming lending through innovative fraud detection and automation solutions, making approval processes faster, protected, and more reliable.   In collaboration with Fortiro, they’ve streamlined verification processes and are preventing document fraud - enhancing the customer experience and reducing risk.   Do you want to see how Pepper Money is setting a new standard in lending? Read our Success Story with Pepper Money's Andrew Gamble to learn more. #DocumentFraud #FraudDetection #Verification #LendingInnovation #FraudPrevention #SecureLending #FraudProtection #CustomerExperience

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“Open banking unlocks a future where financial empowerment is for all New Zealanders. Knowing facts about your money should be as simple as knowing the time, and the CDR will enable the innovation to make this a reality.” Last week, Open Finance ANZ launched the first edition of their Aotearoa New Zealand Open Banking Ecosystem Map and our very own Jason Leong contributed insight as a veteran player in the space on all the ways people in New Zealand can securely share their financial data. The report highlights what’s happening now and how things are shifting towards using standardised systems as new rules come into play. It shows that open banking in New Zealand is evolving at its own pace, prioritising innovation, collaboration, and consumer empowerment - it is a system that reflects Kiwi values while looking ahead to align with global trends. It’s an encouraging report, and one of many fantastic outcomes from the continual cross-industry collaborative efforts. Thanks for all of your work on this Open Finance ANZ, Mastercard Open Banking, Payments NZ, FinTechNZ, FinTech Australia, Jennifer Harrison, Brenton Charnley, Josh Daniell and everyone else who had a hand in putting this together! You can read the report here ⬇️ #openbanking https://lnkd.in/gudyds5D

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Banked : and NAB Partner to Accelerate Pay by Bank Adoption in Australia Brad Goodall, CEO of Banked, shared: “The nascent A2A payments industry in Australia presents an incredible opportunity for Banked. Local regulators have developed well-constructed mandates and the banking industry is primed for innovation, all of which sets the stage for rapid growth in real-time payments. Working together is the secret to success. Banked’s core value is based on partnership – we work closely with bank partners and connect with the broader fintech ecosystem – and we are very pleased to join forces with one of Australia’s top financial institutions. NAB, a trusted brand in the Australian banking industry with an ambitious digital banking strategy, was a natural fit as a partner to build forward-thinking real-time payment solutions. Together, we’re well positioned to not only unlock, but accelerate, Pay by Bank opportunities in the Australian market. We are confident that our approach will resonate with regional businesses and consumers, setting a new standard for payments.” https://lnkd.in/e6wNCngq Shane Conway Katrina Stuart #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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With each passing month, the targeted 2030 retirement of Australia's BECS payment framework is fast becoming a consequential date on every business calendar. As this article states, "The payments industry is leading the transition, and has a target date of 2030 as the world moves on from punch cards and batches of 'business day only' payments. Similar to when a date was set for the end of Australian analogue TV in 2013, the deadline for decommissioning is driving remaining work." And our CEO Chris Jewell adds, "The world is moving at quick speed but the payments attached to that are slow, uncertain and expensive." It's becoming evident that consumers already want what 2030 will bring when it comes to payments — speed, security and simplicity. Guiding businesses through their 'BECSIT' transitions to deliver on this is what Zepto does best. Businesses have just 66 months left to modernise their account-to-account payment experiences. Full article below. #BECSIT2030 #TomorrowsPayments #ABetterWayToPay

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💡 Need Business Funding? EBA Payments Has You Covered! 💡 Running a business takes vision, grit, and—let’s face it—money. Whether you're looking to grow, replace equipment, or just get through a rough patch, having the right funding option can make all the difference. That’s where EBA Payments, powered by Evolv, steps in. We’re your one-stop shop for all your business funding needs. 💪 Here are some of the ways we can help: ✅ Short-Term Loans: Perfect for quick cash flow needs. Easy to apply, fast to fund, and designed to keep you moving forward. ✅ Business Lines of Credit: Like a safety net for your business, offering flexible access to funds when you need them most. ✅ Equipment Financing: Upgrade or replace equipment without draining your bank account. Your equipment works hard, so make it work for you! ✅ Working Capital Advances: For those moments when you just need a little breathing room to cover expenses and keep growing. With EBA Payments, powered by Evolv, you get more than just funding—you get a team that understands your business goals and works with you to find the perfect solution. 👉 Reach out to us today to explore your options. Let’s make your business dreams a reality, together! www.ebapayments.com [email protected] 407-374-3177 #BusinessFunding #MerchantCashAdvance #MCA #EquipmentFinancing #LineofCredit #GrowYourBusiness #OneStopShop #EBAPayments #PoweredbyEvolv #SmallBusinessSupport #MerchantServices #PaymentProcessing #CreditCardProcessing #ValueAddedServices #Fintech

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“𝑷𝒂𝒚𝒎𝒆𝒏𝒕𝒔 𝒂𝒓𝒆 𝒕𝒉𝒆𝒊𝒓 𝒃𝒆𝒔𝒕 𝒘𝒉𝒆𝒏 𝒕𝒉𝒆𝒚 𝒂𝒓𝒆 𝒊𝒏𝒗𝒊𝒔𝒊𝒃𝒍𝒆” This was one of the statements at the roundtable discussion held on Tuesday in Sydney. Resilience in payments is more important than ever as the industry navigates evolving expectations and operational challenges.     Payments experts of Sydney convened at a roundtable to discuss resilience in payments and how payment systems can adapt to shifting customer demands. The conversation explored the complexities of aligning technology and service delivery with customer needs in a dynamic environment.     Participants examined the growing influence of social media, the necessity for resilience in decision-making, and the trade-offs required to meet these demands. The discussion also highlighted the limitations of current technologies, in fully understanding the ripple effects of change, emphasising the need to move beyond incremental adjustments to bold enhancements across products and ecosystems.    Thank you EY for graciously hosting us, and speakers and participants for making the discussions bold and interesting.    Camilla Bullock Linda Stanojevic Sally Sternecker Monica Jasuja Danelle Denny Niamh Laing Sarah Chan John Hare Barry Parker Evan Craig Tony Richards May Lam 林希文 Melanie Spong Stephanie Bolt Michalis Kostikoglou Joanne Walker Anna Zhou James Grover Dave Joyce Lynne Cardwell Nuzen Luitel Ian Alfred Ben Scott Gerardo D. David Ojerholm Alex Dunkerley #epaa #payments #epaainsights #resilience 

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XYB, the Coreless Banking Pioneer, Appoints Derek Joyce as CEO Commenting on his appointment, Joyce says: “Banking institutions are facing one of the greatest crises in their recent history. Standing between legacy technology, increasing regulation, greater competition from modern organisations and increasingly cost-conscious customers, they’re finding themselves chained to legacy technology and underserved by modern providers. They’re aware that building themselves is fraught with risk – they’ve been there, done that – so who can they turn to?” “That’s why I’m so excited to build and scale XYB. Now, as an independent PaaS company, we are ready to charge forward with enormous potential. We are poised to help banks refresh and revolutionise their tech stacks with the digital financial services of today and tomorrow. We empower banks to transform and modernise their legacy systems, integrate new services, and help them prepare for regulatory change with minimal risk. https://lnkd.in/g_gRikxU Jonas Kiiver #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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GOOD morning. Did you know that Australian bank Westpac has set itself a ‘pretty aggressive’ QA target to automate 70% of testing? "Most banks are targeting 30 to 40 percent [automation]. We’re going for 70 percent, it’s ambitious but doable.” Read more here -> https://lnkd.in/dKNK7hJw #Westpac #AUSfinserv #Banking #SoftwareTesting #ML #ICT #IT #QA

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The move to the New Payments Platform (NPP) is gaining momentum, marking a pivotal shift in Australia's payment landscape. This transformation promises faster, data-rich transactions, enhancing efficiency and user experience for all Australian consumers, businesses and government agencies. Last year, Australian Payments Network (AusPayNet) announced the target date of 2030 for decommissioning the legacy payments infrastructure, BECS. This is a once-in-a-generation opportunity to modernise all types of payments and streamline our countries’ payment processes, ensuring they meet the needs of tomorrow’s digital economy. Stay updated on how AP+ and the industry are navigating this transformative journey. Read the full update here: 👉 https://lnkd.in/gqAdBeph #RealTime #DataRich #Payments #Innovation #NPP #DigitalTransformation

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ANZ drives innovation in real-time cross-border payments  Read more: https://bit.ly/40cCuFB In a discussion with Jackie Kallman GAICD, Head of Payments Industry at ANZ during SIBOS 2024, the focus was on the progress in real-time cross-border payments and how ANZ is leveraging this to enhance transactions. Kallman highlighted ANZ’s leadership in real-time cross-border payments, specifically through linking Australia's New Payments Platform (NPP) with SWIFT's global network. This integration is a game-changer for clients, combining speed with enhanced data transmission via ISO 20022. A significant challenge in cross-border payments is interoperability across different standards and regulatory frameworks. Kallman noted that while industry-wide progress has been made, the path to full harmonisation is ongoing. She stressed that standardising message formats under ISO 20022 is the key to ensuring security and efficiency in payments. Foo Boon Ping 胡文彬, Cindy Yu, Eunice Foong, Chris Kapfer, Ruoxin Qi, TAB Global #ANZ #SWIFT #RealTimePayments #CrossBorderPayments #PaymentInnovation #AIInPayments #FraudDetection #ISO20022 #NPP #FinancialServices #PaymentSecurity #IndustryCollaboration #GlobalPayments #PaymentModernisation #BankingInnovation #Sibos #TheAsianBanker #TABGlobal

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Join us for an insightful fireside chat, "Navigating Australia's Banking Revolution," where we will explore the transformative trends shaping the future of banking in Australia. Speakers: Mr. Ashwani Arora Senior Vice President, Nucleus Software Mr. Rob Wilson Group Chief Technology Officer, BOQ Group Session Details: Stream: Future of Customer Success Date: October 24, 2024 Time: 3:40 PM - 4:00 PM In this engaging session, Ashwani Arora and Rob Wilson will discuss the significant shifts occurring within the Australian banking sector. They will delve into how financial institutions are embracing digital transformation to enhance operational efficiency and elevate customer experiences. The conversation will highlight the growing role of AI and machine learning in revolutionizing lending processes, enabling banks to perform smarter risk assessments and offer more personalized services to their customers. Additionally, the discussion will explore the implications of open banking and how it is fostering innovation and collaboration within the industry, ultimately leading to improved service delivery. As cybersecurity continues to be a paramount concern in the age of digital banking, the speakers will address the vital importance of implementing robust cybersecurity measures to protect sensitive customer data and maintain trust. They will also share insights into how data analytics is being leveraged to create a more personalized and efficient customer journey.

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