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MyState Bank CEO Melos Sulicich expects a 200 per cent increase in customers using digital wallets by 2020, with the popularity of that payment format overtaking credit and debit cards by 2022. read more

The aftermath of a problematic core banking upgrade by New Zealand's Aotearoa Credit Union threatens to drag down the profitability of most of the country's mutual sector. read more

Most SMEs that hit the wall came undone with an estimated deficiency of less than $500,000, an ASIC analysis of corporate insolvency trends shows. read more

In her opening keynote speech at the Singapore Fintech Festival yesterday, IMF managing director Christine Lagarde argued the case for a new digital currency, suggesting central banks could take an ac.. read more

Australian mutual bank Qudos has admitted its A$21 million-plus core banking system upgrade has been a failure, and it wants compensation from its technology provider. read more

Global research has found most banks believe mobile and online will be their primary distribution channels in four years' time, with open banking APIs viewed as the top technology behind the next phas.. read more

Two northern NSW mutuals, Regional Australia Bank and Holiday Coast Credit Union, are in merger discussions, aiming to create a financial services player with assets of more than A$2 billion. read more

An offer by a consortium to acquire Property Exchange Australia (known as PEXA) has been accepted by shareholdings totalling more than 50 per cent of the company's issued capital. read more

CBA has launched a new series of subordinated, unsecured Basel III compliant hybrid securities that will qualify as Tier 1 capital, with a bookbuild set to start on 8 November. read more

Listed non-bank lender Wisr, has reported "continued strong loan growth and customer acquisition" in the first quarter of the 2019 financial year, but has yet to generate the scale needed to justify i.. read more