Payments Council supremo appointed chair of NPP merger committee 27 October 2020 6:30AM Australian Payments Council chair Robert Milliner has been appointed as the independent convener of a special industry committee examining NPP Australia’s proposed merger with BPay and Eftpos. read more
NPP profit falls despite surge in payments activity 27 October 2020 6:28AM NPP Australia “must simply double down on efforts to grow and evolve the NPP and its capabilities,” chairman Bob McKinnon says. And if there’s a formula that explains the rationale for seeking to merg.. read more
Mallesons partner to lead Treasury payments review 22 October 2020 6:14AM Scott Farrell from King & Wood Malleson’s fintech legal practice yesterday landed another gig running a top level government review, this time as chair of the Treasury inquiry into governance and.. read more
UBS says reforms unlikely to swell credit flows 21 October 2020 6:18AM A leading bank analyst has questioned the Morrison Government’s rationale for suspending responsible lending laws, saying the move is unlikely to increase the flow of credit in the economy. read more
Xinja faces new hurdle on Dabble rollout 21 October 2020 6:15AM Controversial neobank Xinja faces another potential roadblock to the launch of its US share trading platform known as “Dabble”. read more
Judge scorns ASIC ‘regulatory desire’ to expose truth of NAB introducer program 20 October 2020 5:56AM NAB got off lightly, unlike ASIC, with a judge scathing at the lack of thoroughness in a case leading to civil penalty of $15 million over the bank’s rotten spot and refer program. read more
First home-buyer boom propels AFG to record 15 October 2020 6:27AM Australia’s largest mortgage aggregation group, AFG, posted record loan origination volumes in the September quarter on the back of a rebound in demand from first home buyers and home renovators. read more
Shareholders lash CBA over virtual AGM ‘disgrace’ 14 October 2020 6:27AM After the shortest AGM in more than a decade, retail shareholders have accused Commonwealth Bank of fleecing them of their opportunity to question the board. read more
Brokers still getting trail for borrowers on loan holidays 13 October 2020 6:30AM Mortgage aggregators say that most lenders have committed to pay trail commissions to brokers on thousands of home loans subject to extended repayment holidays. read more
Heritage launches new Eftpos service for Samsung Pay users 13 October 2020 6:25AM Payments innovator, Heritage Bank, is set to deepen its presence in the digital payments market with the launch of new Eftpos-enabled services for users of Samsung Pay. read more