Elana Rubin has joined the board of ME Bank, effective 4 October 2016. The announcement from ME notes that Rubin has directorships with Mirvac Group, Touchcorp, Transurban Queensland, Victorian Funds Management Corporation, and LaunchVic, and is a member of the Victorian Council of the Australian Institute of Company Directors and the Committee for Melbourne, as well as several advisory boards in investment, property and public policy. Rubin and was previously Chair of AustralianSuper, and has held a string of directorships in professional services and government agencies.  Findex Group Limited and Financial Index Australia Pty Ltd have each paid a A$10,800 penalty after ASIC issued infringement notices for "potentially misleading claims" against the Findex website using its consumer protection powers. ASIC noted that "the Findex group promotes itself as one of Australia's largest financial advisory businesses, advising 250,000 clients nationally and with $17 billion in funds under advice. In the second half of 2015 the Findex website referred to the services provided by the Findex group as being 'independent' and/or 'non-aligned'. ASIC considered that the inaccurate representations of independence by the Findex Group may have prevented consumers from correctly assessing the quality of the services on offer. Wells Fargo and ANZ Bank have built a shared distributed ledger platform prototype for correspondent banking payment reconciliation and settlement, reports Finextra. The two banks have delivered a "proof of concept", creating a shared distributed ledger platform they say demonstrates the potential to improve the efficiency and speed of cross-border correspondent banking payment reconciliation and settlement, while operating in parallel with existing infrastructure. Nigel Dobson, ANZ's general manager, wholesale digital and transformation projects, said he hoped the results would form the basis of further discussions and knowledge-sharing across the industry. "The full benefits will only be realised through broad industry participation and adoption," he said. Investment bankers have begun spruiking the merits of an ASX-listing to consumer finance company Latitude Financial Services, the AFR's Street Talk is reporting, citing "sources". The business, formerly GE Capital's Australian consumer unit, was acquired by Värde Partners, Deutsche Bank and KKR for A$8.2 billion about 18 months ago and then rebranded Latitude late last year. Bankers are likely looking to capitalise on the solid after-market trading of debtor finance company Scottish Pacific.