41

Westpac yesterday confirmed that it will slash the number of staff employed in its financial crime and fraud prevention areas - a move that has put it on a collision course with the Finance Sector Uni.. read more

Avenue Bank – the brainchild of former Creditor Watch founders Colin Porter and Dale Hurley – is expecting to add two new strategic investors to its register after securing a restricted banking licenc.. read more

The country’s small business peak body has called on the ACCC to reject the proposed merger between the three domestic payments schemes until the major banks give merchants comprehensive access to lea.. read more

Revolut’s Australian business seems so determined to enter the local retail deposits market that it could begin marketing transaction and savings accounts before it secures a banking licence from APRA.. read more

The banking industry’s assault on the buy now pay later market is broadening with Suncorp set to launch an interchange-based offer with Visa from early November. read more

Treasurer Josh Frydenberg has given the RBA's Payments System Board a taste of how payments regulation might operate in the future after he told the regulator it should compel Australian banks to deli.. read more

National retail and small business groups have vowed to intensify pressure on the Reserve Bank to mandate all banks to provide least cost routing on debit transactions after Treasurer Josh Frydenberg.. read more

The alarming slide in ANZ’s mortgage business deteriorated into a crisis in July after scores of borrowers refinanced with other lenders and loyal customers accelerated loan repayments. read more

Banking aspirant Novatti Group has reported a slightly bigger annual loss after a hectic year of expansion in Australia and overseas. read more

Comment: In the end Josh Frydenberg’s controversial appointment of King Wood & Mallesons partner Scott Farrell to lead the Treasury inquiry into payments regulation delivered precisely what the Tr.. read more