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Midkey, a fintech funder with vaulting plans and a minimal loan book, is widening the reach for its idiosyncratic, and pricey, simple interest loans aimed at the most affluent cohorts in the mortgage.. read more

The deposit side is flying at People First Bank, and now veteran CEO Peter Lock is retiring, with Steve Laidlaw, the deputy CEO, taking the helm as planned. read more

Ellis Connolly, the Reserve Bank’s head of payments policy touched on every hot-button issue in online payments in a speech yesterday, one that foreshadows “a holistic review” on the Reserve Bank’s ap.. read more

The next frontier for LCR is mobile wallet transactions, such as through Apple Pay and Google Pay, and the major mobile wallet providers are making “good progress towards being able to support LCR for.. read more

Easing the cost of living when it comes to banking products and services must mean reducing banking profits in consumer banking.  read more

Cost discipline is a characteristic too few mutual banks are known for, and nigh on impossible to deliver when boards are balancing pursuit of the greater goal of merging in the name of survival, with.. read more

To the alphabet soup of combatting financial crime and scams, add ‘loop’ – and fluffy industry PR. read more

Too little time is spent considering the unbelievable personnel costs line, which blows away any remaining claims to efficiency or productivity in banking read more

The level of non-performing mortgages across the banking industry hit a record of $21.3 billion in March 2024, quarterly APRA data yesterday shows. read more

The cards business of banks is not what it was, with two trends exacerbated by the cost of living crisis in Australia. read more