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Close to a quarter of new home loan borrowers are opting for basic variable rate loans, as they look for ways to keep a lid on the cost of their mortgages. read more

Financial data aggregation and analytics company Envestnet Yodlee has launched its “goals-based savings solution” in Australia, hoping to win business from ADIs and fintechs. read more

Participation in the PayTo payments service is picking up, with a dozen authorised deposit-taking institutions and payments service providers authorised to offer PayTo services this week. read more

A review of de-banking in Australia led by the Council of Financial Regulators has conceded that it has no real solution to the problem. read more

The Statutory Review of the Consumer Data Right, recommends that screen scraping be banned, as a way of prompting a more widespread transition to the CDR. read more

After being slow to move on deposit rates during the initial stages of the interest rate tightening cycle, some deposit takers played catch-up last month with some big increases in at-call rates. read more

APRA has removed the remaining A$500 million of a $1 billion capital add-on it imposed on Commonwealth Bank to address weaknesses in its governance, accountability and risk culture frameworks and prac.. read more

Australian households increased their savings in the June quarter, although the rate of growth in deposits weakened in the face of increased cost of living pressures. read more

Acceptance of cash at the point of sale is starting to decline, as merchants respond to the steady long-term decline in the use of cash for retail payments, which accelerated during the pandemic. read more

Newcastle Permanent Building Society and Greater Bank opened the voting on their proposed merger yesterday, with members able to vote using a ballot paper included in an information pack, online or us.. read more