Lenders downplay first home buyer numbers 05 February 2015 4:00PM The Australian Bureau of Statistics has announced that some first home buyer numbers have been under-reported, as some lenders only count loans to first home buyers if they also received a First Home.. read more
Briefs: Telcos seek Indian bank licences, CBA's premium pricing, China cuts deposit ratio, ANZ's mob 05 February 2015 3:50PM The Reserve Bank of India has received 41 applications for "payments banks", a new class of provider that can accept deposits but may not lend. read more
Westpac names new finance and loans leaders 30 January 2015 4:46PM Westpac has lured Aziz Dean away from Citi in Japan to head up its loans and syndications, corporate and structured finance. read more
Low interest rates cause low home loan delinquencies 29 January 2015 5:15PM Monetary policy - or, more specifically, the record run of low interest rates - has had a noticeable and positive effect on Australia's home loan sector, according to Fitch Ratings. read more
Big banks have big data advantage over insurance firms 29 January 2015 5:13PM Australian insurers expect a further slowdown in revenue growth as a result of aggressive competition for customers from banks and new entrants, according to a report by investment bank analysts at JP.. read more
Contactless terminals, online shopping boost cards and Paypal 23 January 2015 5:09PM A team of staffers from the Reserve Bank of Australia's Payments Policy Department has released a discussion paper, titled "The Changing Way We Pay: Trends in Consumer Payments". read more
Australian banks need to rethink business models: EY 23 January 2015 5:04PM The key themes outlined in EY's global banking report for 2014-15, released earlier this week, apply across all markets - and Australia is certainly no exception - according to Tim Dring, EY's Oceania.. read more
Briefs: Rubik CEO departs after a year, banks to cut more jobs in 2015, majors lobby over capital 23 January 2015 4:59PM Rubik Financial, which supplies software to the banking, mortgage broking and financial planning industries, has appointed its second chief executive in 12 months. read more
Global banks need more revenue, not cost cutting 22 January 2015 4:55PM The latest edition of the EY report, "Global banking outlook 2015: transforming banking for the next generation", looks further ahead than usual short-term thinking, setting out what the advisory firm.. read more
AUSTRAC pings MoneyGram over unregistered remitters 22 January 2015 4:54PM One of the world's largest remittance network providers, MoneyGram Payment Systems, has been fined A$122,400 for contraventions of Australia's anti-money laundering and counter-terrorism financing law.. read more