53

Eleven authorised deposit-taking institutions have signed with data intermediary Adatree to access open banking data as Consumer Data Right representatives. read more

The Federal Court has thrown out a case alleging that Commonwealth Bank enabled “cuckoo smurfing” of customer accounts as a result of breaches of its anti-money laundering obligations. read more

The Australian Prudential Regulation Authority has committed to implementing its new prudential standard covering resolution planning on an entity-by-entity basis, to ensure that plans are appropriate.. read more

Without legislation to establish important parts of the system, Australia’s trusted digital identity rollout is limited, but the financial services sector is pushing ahead with developments within the.. read more

Pepper Money and ColCap (formerly Columbus Capital) have shown that there is still plenty of life in the RMBS market. read more

The term deposit market became more competitive in August as market leader Judo Bank increased its rates by relatively small amounts, allowing other deposit takers to catch up. read more

Latitude Financial Services has been fined A$1.55 million for more than three million breaches of the Spam Act and it has given a three-year court enforceable undertaking to review its compliance with.. read more

Most mortgage lenders passed on the full 50 basis point increase in the cash rate last month, as they have been doing since May, but as the rate tightening cycle continues a growing number are not pas.. read more

Housing affordability measures improved in the June quarter, as capital city house prices fell, but rising mortgage costs and rents offset the gains. read more

Payday lender Beforepay achieved a three-fold increase in pay advances over the year to June and has declared that if it maintains that momentum, while holding costs in check, it will break even over.. read more