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The Australian Financial Industry Association has released a draft code of practice for the growing 'buy now pay later' sector, a move the association has claimed as a world first. read more

Westpac has promised to have Apple Pay ready for its retail customers by June 2020. If achieved, this would rank Australia's second largest retail bank at about number 100 in terms of speed to market. read more

NAB's leadership used their opening speeches to try to set a calmer tone for the bank's AGM in Sydney yesterday. They were only partially successful. read more

The Australian Financial Industry Association is aiming to develop and launch a code of practice for the buy now pay later sector, starting with a public consultation in mid-January. read more

Westpac's AGM, held in Sydney yesterday, was notable for the views expressed by retail investors against the board members and the external auditor. Nevertheless, a spill motion was comprehensively de.. read more

RBA governor Philip Lowe has levelled a damning critique of major banks, naming the Commonwealth Bank in particular over an apparent reluctance to fully embrace the New Payments Platform. read more

The review of retail payments regulation by the RBA's Payments System Board will be wide ranging and forward looking, as well as plugging any gaps missed by the board's 2015/16 review. read more

Australia is unlikely to be running any cryptocurrency-based payments systems any time in the foreseeable future, if the RBA stays firm in its belief that regulations need to be in place first. read more

Risk managers in Australia's banking sector are on a mission to convince everyone else in the business lines to take data use and risk management more seriously. read more

Westpac's newly appointed financial crime committee has commissioned IBM subsidiary Promontory to review the bank's failed financial crime program as it scrambles for cover in the wake of Austrac's re.. read more