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One of the curious features of the global push to impose sanctions on Russia’s banking system over the Putin government’s invasion of Ukraine has been the reticence of the board and senior management.. read more

Speculation is intensifying in the Australian payments industry that an offshore financial institution is preparing to mount a buy-out of ASX-listed buy now pay later player, Zip Co. read more

Citibank has frozen the accounts of subscribers to its Spot buy now pay later service after the bank introduced new measures to verify information received from customers. read more

Loyal retail investors in the embattled buy now pay later sector are bracing for more bleak news this morning as Openpay prepares to unveil its latest financial results. read more

New Zealand-based reverse lender, the Heartland Group could be the mystery party engaged in talks to buy Bendigo Bank’s equity release finance unit, Homesafe. read more

Investors have punched a hole in the market worth of listed merchant services provider Tyro Payments after the company reported a big slide in its bottom line performance for the December half. read more

Leading buy now pay later provider Zip Co copped another hammering from investors on Monday following the disclosure of key aspects of the company’s financial performance in the December half. read more

Two banks that reported industry-leading outage times for their digital banking platforms in the December quarter have amended their disclosure statements after identifying “errors” in the way they re.. read more

Beyond Bank and ANZ displaced Bank of Queensland and CBA as Australia’s most outage-prone online banking providers in the December quarter. read more

Bendigo chief Marnie Baker appears to be winning over some of the bank’s critics as her strategic swing to digital channels, third party origination and outsourcing help to crunch costs and boost shar.. read more