60

A Senate committee inquiring into financial technology has recommended the Morrison Government reform and extend the framework for regulating the use of customer data in the financial services industr.. read more

APRA’s latest monthly data confirms that the banking sector’s business exposures tumbled further in July, as corporate and SME confidence plumbed new lows. read more

Investor enthusiasm for digital payments seems limitless at the moment, even though the sector continues to generate impressive losses, as is the case for BNPL charger Splitit Payments. read more

Margin recovery, disciplined cost management and a surge in lending volumes propelled Resimac to a record profit for the 12 months to the end of June. read more

As the major banks offload their non-branch ATM fleets, the era of universal fee-free access to automatic tellers appears to be coming to an end. read more

ME Bank has reported a sharp fall in ATM withdrawal activity since the start of March when the Covid-19 pandemic first hit Australia. read more

A debt agreement at some point in their past may scrub mortgage brokers from marketing mortgage products for Macquarie Bank. read more

While AMP investors might hope that the departures of David Murray and John Fraser from the board will clear the decks for a governance reset of the stricken financial services group, it’s not clear w.. read more

The number of business borrowers on repayment pauses is rising at ANZ but so far it’s ‘a relatively small number, who don’t think they’re going to be able to get back on their feet,’ says the bank’s C.. read more

Lighter provisioning charges and a revenue surge from institutional trading activities propelled ANZ to higher than expected earnings in the three months to the end of June. read more