Breaking News
NAB Acquires Fintech Banked, Making Payments Easier for More Businesses
WHY THIS MATTERS: This transaction is far more than a simple M&A alignment; it is a foundational move by a major incumbent to seize control of the underlying infrastructure that is redefining modern commerce. The National Australia Bank’s full integration of Banked confirms that Account-to-Account (A2A) payments have shifted from an optional feature to a critical competitive necessity. The global push towards real-time payments systems—driven by customer demand for instantaneity and merchant desire for lower costs—is forcing banks to accelerate their payments modernization strategies. This acquisition allows NAB to vertically integrate a direct-from-bank checkout experience, bypassing high-cost card network fees and providing Australian businesses with superior cash flow management and settlement efficiency. Readers should pay attention because this is a playbook for how top-tier financial institutions globally are insulating themselves against disruption: by owning the rail, they control the economic and user experience levers of the future digital economy.
NAB has acquired Banked, a global technology platform provider that helps customers and businesses make and receive payments instantly through a market-leading digital checkout experience.
The acquisition strengthens NAB’s innovative payments capability and aligns with its strategy to help more businesses receive payments faster and at a lower cost.
The platform uses “account-to-account payments” technology which can be cheaper and faster for customers and helps merchants receive funds directly from a customer’s bank account, bypassing the need to use a credit or debit card.
NAB has been a long-term partner and investor in Banked via its venture capital fund, NAB Ventures, and has utilised Banked’s technology since 2024 for its business customers.
NAB Group Executive, Transformation, Shane Conway said combining Banked’s product and engineering capability with NAB’s scale and existing payments infrastructure would support a simpler, more efficient digital payments experience for more of its merchants from checkout through to reconciliation and settlement.
“Pay by Bank is part of a broader shift in Australia’s payments landscape toward real‑time, account‑to‑account options that sit alongside cards and digital wallets. Customers expect making payments to be fast, easy and reliable, and Banked helps us deliver that,” Mr Conway said.
“Bringing Banked into NAB will continue to make it easier for customers to connect with us and manage payments, reconciliation and settlement in one place.
“Importantly, Banked can offer a faster and lower‑cost way for merchants to get paid and offers a smooth checkout experience, a win-win for everyone. We are proud to provide more support to Australian businesses.”
Banked CEO and co‑founder, Brad Goodall, said the acquisition will help the platform scale and grow in the NAB environment.
“The Banked team have worked hard to build a globally proven payments platform focused on the modern demands of developers and merchants of all sizes and scale. Having the backing of NAB will allow the platform to reach more customers,” Mr Goodall said.
The acquisition aligns with NAB’s strategy to accelerate account‑to‑account and real‑time payments capabilities for business customers, positioning the bank for long-term growth in a critical part of the economy.
FF NEWS TAKE: This move is unquestionably needle-moving, signaling a strong intent for vertical integration within the payments stack, which strengthens operational resilience and cost control. The NAB acquisition solidifies A2A as a core banking product in Australia, not just an external innovation. The key element to monitor is the speed and breadth of deployment, specifically how NAB leverages this technology within the Australian PayTo infrastructure. If they aggressively push the lower merchant cost structure, it could rapidly accelerate consumer and business migration away from traditional card-based transactions.
- NAB Acquires Fintech Banked, Making Payments Easier for More Businesses Read more
- Broadridge Announces Integrated Infrastructure for Tokenized Securities Read more
- Fintech Meetup 2026: Get Ready for Fintech Meetup in Europe Read more
- JCB and Credit Card Association of the Philippines (CCAP) Launch Partnership to Boost Financial Literacy Among Filipinos Read more
- Nairobi City Thunder Name Send App as Main Sponsor for the 2026 Season Read more
NAB Acquires Fintech Banked, Making Payments Easier for More Businesses
NAB has acquired Banked, a global technology platform provider that helps customers and businesses make and receive payments instantly
Broadridge Announces Integrated Infrastructure for Tokenized Securities
Broadridge Financial Solutions, Inc. (NYSE: BR), a global fintech leader, today announced a comprehensive expansion of its tokenization capabilities, providing institutional firms the infrastructure to operate across tokenized and traditional securities on a single, integrated platform.
JCB and Credit Card Association of the Philippines (CCAP) Launch Partnership to Boost Financial Literacy Among Filipinos
JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, has officially formalized partnership with the Credit Card Association of the Philippines (CCAP) through a Memorandum of Agreement signed on April 30, 2026.
Nairobi City Thunder Name Send App as Main Sponsor for the 2026 Season
Nairobi City Thunder have announced Send App, a leading cross-border remittance and payments platform by Flutterwave, as the club’s front-of-shirt sponsor on a two-season deal, starting with the 2026 campaign. The partnership carries added significance, with Flutterwave CEO and Nairobi City Thunder investor, Olugbenga Agboola, uniquely positioned across both organisations.
EquiLend Names Simon Heath Chief Strategy Officer
EquiLend, the global financial technology, data and analytics firm specializing in the securities finance industry, today announced the appointment of Simon Heath as Chief Strategy Officer. Heath joins EquiLend’s Executive Leadership Team and will be based in London, reporting to CEO Rich Grossi.
RATO Teams Up With iDenfy to Scale Online User Onboarding in the Banking Industry
iDenfy, a RegTech company offering ID verification and fraud prevention solutions, has announced a partnership with RATO, a licensed bank with nearly 30 years of financial heritage in Lithuania. By integrating iDenfy's AI-powered identity verification and anti-money laundering (AML) screening into its digital onboarding flow, RATO bank can now verify new customers faster, more securely, and in full compliance with KYC and AML regulatory requirements through its newly launched mobile application.
Backbase and Atos Partner to Accelerate AI-native Banking Across Regulated Markets in APAC, Middle East, and Europe
Backbase, creator of the world’s first AI-native Banking OS, and Atos, a global leader in digital transformation, today announced a strategic partnership to jointly support financial institutions accelerating their AI-driven transformation programs across international markets including Africa, Asia Pacific, the Middle East, Portugal, Spain, Southeast Europe, Switzerland, and Turkey.
NAB Acquires Fintech Banked, Making Payments Easier for More Businesses
NAB has acquired Banked, a global technology platform provider that helps customers and businesses make and receive payments instantly
Broadridge Announces Integrated Infrastructure for Tokenized Securities
Broadridge Financial Solutions, Inc. (NYSE: BR), a global fintech leader, today announced a comprehensive expansion of its tokenization capabilities, providing institutional firms the infrastructure to operate across tokenized and traditional securities on a single, integrated platform.
Fintech Meetup 2026: Get Ready for Fintech Meetup in Europe
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
JCB and Credit Card Association of the Philippines (CCAP) Launch Partnership to Boost Financial Literacy Among Filipinos
JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, has officially formalized partnership with the Credit Card Association of the Philippines (CCAP) through a Memorandum of Agreement signed on April 30, 2026.
Nairobi City Thunder Name Send App as Main Sponsor for the 2026 Season
Nairobi City Thunder have announced Send App, a leading cross-border remittance and payments platform by Flutterwave, as the club’s front-of-shirt sponsor on a two-season deal, starting with the 2026 campaign. The partnership carries added significance, with Flutterwave CEO and Nairobi City Thunder investor, Olugbenga Agboola, uniquely positioned across both organisations.
EquiLend Names Simon Heath Chief Strategy Officer
EquiLend, the global financial technology, data and analytics firm specializing in the securities finance industry, today announced the appointment of Simon Heath as Chief Strategy Officer. Heath joins EquiLend’s Executive Leadership Team and will be based in London, reporting to CEO Rich Grossi.
RATO Teams Up With iDenfy to Scale Online User Onboarding in the Banking Industry
iDenfy, a RegTech company offering ID verification and fraud prevention solutions, has announced a partnership with RATO, a licensed bank with nearly 30 years of financial heritage in Lithuania. By integrating iDenfy's AI-powered identity verification and anti-money laundering (AML) screening into its digital onboarding flow, RATO bank can now verify new customers faster, more securely, and in full compliance with KYC and AML regulatory requirements through its newly launched mobile application.