Open banking an opportunity, not a burden

In the age of open banking, the big banks need to drastically rethink their digital strategies and look to join forces with smaller, innovative players, the Sibos conference heard. read more

Fintech splash favours few

The investor rush to play along with the presumed champions of fintech disruption is flooding the favoured firms with cash, converting the interlopers into a new establishment. read more

Cash Converters admits to 600% interest

Cash Converters will cough up A$17 million - or three quarters of its 2018 net profit - to resolve one component of a class action being heard in the Federal Court of Australia. read more

Elliott foresees a 'bionic bank'

New revenue streams and simpler banking models were on the mind of ANZ CEO Shayne Elliott yesterday, as he welcomed 7000 delegates to the Sibos carnivale in Sydney. read more

SWIFT toasts 50m NPP buddies

Paul Lahiff, the chair of NPP Australia is leaving for a new job in banking, and celebrating - at Sibos - scrappy data on the take-up of PayID's and the number and value of Osko payments. read more

Debelle mulls OTT journalism for Walkleys

Citizens "need to be informed" of the bleakest forecasts that haunt capital markets "but not bombarded with them" Guy Debelle, deputy governor of the RBA said yesterday at a journalists union function.. read more