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At least one other Australian major bank is facing a capital hit from the Reserve Bank of New Zealand after NAB's Kiwi banking subsidiary was forced to stump up an extra NZ$250 million for regulatory.. read more

New Suncorp chief executive Steve Johnston believes the bank's net interest margin will stabilize this year as the benefits of recent deposit repricings take effect. read more

Monoova, one of the emerging players making a few waves in the domestic online payments market, says it intends to expand its operations beyond Australia. read more

A trio of bankers previously associated with the local operations of BNP Paribas have joined the serpentine queue for a restricted banking licence from the Australian Prudential Regulation Authority. read more

Mortgage brokers have reacted positively to the launch of a digital mortgage by 86 400, but believe the industry and borrowers might need time to adapt to an almost paperless origination process. read more

The Reserve Bank of New Zealand last night would not comment on the cause of an email outage that affected the operation of the country's real time gross settlements system on Monday afternoon. read more

Another legal battle over intellectual property rights has erupted in the local financial services sector, with fintech startup Judo Bank set to challenge moves by a UK business wanting to trade in Au.. read more

Westpac has flipped another card in a bid to revive its anaemic mortgage business by loosening the household expenditure benchmark it uses to assess investment borrowers. read more

The Australian rollout of UK digital payments provider Revolut has hit a roadblock following a request from the Australian Securities and Investments Commission that the company stop activating new cu.. read more

Commonwealth Bank is facing another public relations storm this morning after a CHOICE investigation found that the bank has been marketing the benefits of credit cards to primary school children. read more