NAB claims small victories for its $1.5bn transformation 08 November 2019 5:59PM National Australia Bank executives were keen to explain how much progress has been made at the two-year point along a three year $1.5 billion transformation project. read more
NAB re-writes exec pay deal 08 November 2019 5:58PM NAB's executive remuneration framework introduced last year has been ditched, after further hits to the bank's reputation showed the new system was not working. read more
Columbus, Pepper prime $1.7b RMBS 08 November 2019 5:53PM Two of Australia's non-bank mortgage originators have hit their securitisation investors this week, raising more than A$1.6 billion for further lending operations. read more
Novatti ready to expand into banking 01 November 2019 4:29PM Novatti says its application for a Restricted Authorised Deposit Taking Institution banking licence is "ready for final submission and approval by APRA". read more
Digital-only invaders 'no threat' to locals 31 October 2019 5:18PM While the indications are that bank customers want a better banking experience, it's still not clear that the cohorts of emerging digital only "neobanks" will benefit. read more
Australian banks trail UK on innovation 25 October 2019 5:15PM Australian banks have been prodded once again over their apparent complacency and reluctance to embrace innovation - notably a reluctance to consider the opportunities offered by open banking. read more
New data privacy rules set to boost lending 25 October 2019 5:03PM Stuart Stoyan, founder and chief executive officer of non-bank lender MoneyPlace, has suggested the new Consumer Data Right regime may attract global tech giants into the Australian fintech markets. read more
Australian majors face higher capital top-ups 24 October 2019 5:07PM Banking sector analysts at Macquarie assert that 'diseconomies of scale' put three of Australia's majors at risk of large capital imposts under new rules proposed by APRA and RBNZ. read more
Regional reserved over open banking 21 October 2019 5:11PM The approach of open banking, slated for February 2020, is raising strategic concerns, rather than technical questions, at some of Australia's neobanks and smaller banks. read more
Next-gen banks locked onto open banking 18 October 2019 5:09PM Australia's next generation of so-called neobanks are relying on open banking to lift their businesses from niche players to serious mainstream banking contenders, without delay. read more