Alipay, WeChat and PayPal ahead in wallet wars 31 January 2017 5:10PM A new study predicts the global spend via mobile wallets, currently concentrated in the east Asia region, will rise by nearly 32 per cent this year to US$1.35 trillion. read more
Banks tackle hardship via debt smoothing 30 January 2017 4:57PM The banking industry may trample on the terrain of the debt consolidation sector, working alongside the financial counselling sector to set up a "new debt repayment service to help people manage multi.. read more
ASIC hub sets dozens on fintechs on their way 30 January 2017 4:55PM ASIC's innovation hub may be reaping some early benefits, outlined by Treasurer Scott Morrison in a speech on Friday in which he said the hub had "assisted more than 100 entities." read more
Margin reset may secure NAB and Westpac dividends 27 January 2017 4:53PM A projected cut in the dividend at National Australia Bank and also Westpac is off the table, for now, according to sell-side analysts at UBS. The wave in home loan repricing that kicked off before Ch.. read more
Fintech unbundlers a source of banking instability: Carney 27 January 2017 4:52PM The stability of bank funding is not assured in an approaching era of fintech disruption of banking, warned Mark Carney, the head of the Financial Stability board, at the same time as he queried the s.. read more
Trade credit claims plateau 25 January 2017 4:23PM Credit insurance claims remain elevated, with claim numbers 31 per cent greater over the December 2016 quarter compared with December 2015. read more
Card users master contactless 25 January 2017 4:21PM The march of contactless card payments towards ubiquity is proceeding. At MasterCard, contactless payments now account for more than 80 per cent of payments. read more
Bonds loosen at FIIG 25 January 2017 4:20PM Fixed income broker FIIG Securities, a prominent force in the origination and trading of corporate bonds, is losing key executives. read more
Pace quickens in business lending 24 January 2017 5:15PM A rebound in the level of business lending may extend into the new year, in light of warm measures on recent and projected demand from the ABS and Veda yesterday. The ABS said the value of commercia.. read more
Social media banking chump make strides in US market 24 January 2017 5:11PM An ASX listed but US-centric "digital banking platform" is spruiking small steps, and massive plans, in the vast American retail banking market. An investor presentation yesterday set out a "medium.. read more